BY COUNCILOR STOVER:
RESOLVED, that API Electric Company be and hereby is awarded a contract for the construction year 2006 traffic signal - LED replacement for the engineering division in accordance with the specifications on its low specification bid of $46,094, terms net 30, FOB job site, payable out of Energy Management Fund 257, Department/Agency 015, Object 5530, City Project No. 0557TR.
STATEMENT OF PURPOSE: This resolution will authorize the year 2006 traffic signal - LED replacement by API Electric Company in the amount of $46,094. This project includes retrofitting the existing signal indicators at 19 individual signal systems with LED signal modules. API Electric Company was the lowest bidder of the three companies that responded. The estimated cost of this project was $77,588.81. Requisition No. 06-0300.