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March 7, 2017 <br />Page 2 <br />Bids were received, opened on February 2, 2017, and evaluated (Exhibit 1). The bids received from <br />Inter - Pacific, Inc., Leed Electric, Inc., and M. Brey Electric, Inc., are responsive to the specifications <br />and meet the City's requirements. Staff recommends awarding contracts to the three vendors with <br />the lowest bids to allow for competitive quotes on any given job. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets). <br />FISCAL IMPACT <br />Funds in the amount of $600,000 are available in FY 2016 -17 Water Utility Water Production and <br />Supply Account (No. 06017640 - 62300). Funding in the amount of $600,000 for the second year of the <br />contract will be budgeted and made available in FY 2017 -18 Water Utility Water Production and <br />Supply Account (No. 06017640 - 62300). <br />Upon exercising the three one -year renewal options, an annual amount of $600,000 will be budgeted <br />and made available in FY 2018 -19, FY 2019 -20, and FY 2020 -21 Water Utility Water Production and <br />Supply Account (No. 06017640 - 62300). <br />Executive Director <br />Public Works Agency <br />FM /NS /RR /sm /sp <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director (� <br />Finance & Management Services Agency <br />228 -2 <br />