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REQUEST A CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: January 25, 1988 <br />Requested By: Ross Cox Department: CIP <br />XXX Report <br />Exhibits: <br />Report - Public Hearing <br />Resolution <br />SUMMARY & RECOMMENDATION <br />Ordinance <br />Council approved award of bids for Little Cedar Bayou Park on <br />January 11, 1988 except for Bid Package No. 3, Wave Generating <br />Equipment. The low bidder on bid package no. 3 did not appear to <br />be a responsible bidder, regarding the furnishing of a Performance <br />and Payment Bond as required by state law. <br />Staff, with the guidance of the City attorney, held a public <br />hearing as required by Section 271.027, Texas Local Government <br />Code, on this matter. A report on that hearing is included in <br />this packet. <br />Staff therefore, recommends Council approve award of construction <br />of Bid Package No. 3 to the next lowest responsible bidder, <br />Aquatic Amusement Associates, Ltd. in an amount not to exceed <br />$128,500 with the provisions that $25,000 of the contract price be <br />paid from operating revenues in two equal, interest free <br />installments; one in September 1989 and one in September 1990. <br />Action Required by Council: <br />Approval of award. <br />Availability of Funds: <br />General Fund Water/Wastewater <br />XX Capital Improvement General Revenue Sharing <br />Other <br />Account Number: 011-800-801-500 Funds Available: XX YES — NO <br />for MY Coumc—il <br />/4� <br />- - DAYE <br />�/ - <br />