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CONSENT AGENDA <br />items were upgraded to meet the current FDOT standards for paving. Finally, the cost of asphalt, <br />including manpower, equipment, and raw materials, has increased since the last bid. <br />The current contractor's annual expenditures for the previous year (FY15/16) were $1,065,423.04. <br />Expenditures to date for FY 16/17 are $190,017.21. <br />SOURCE OF FUNDS: <br />Estimated expenditures for the remaining FY of 16/17 is $700,000 and is available as follows: <br />Account Number <br />Account Description <br />Projected 16/17 Budget <br />10921441-053360 <br />Road Resurfacing <br />$625,000 <br />11121441-035310 <br />Paving Material <br />$75,000 <br />RECOMMENDATION: <br />Staff recommends the Board award Bid 2017033 to the lowest responsive and responsible bidder, <br />Community Asphalt Corp., and authorize the Purchasing Division to issue blanket purchase orders <br />for the period of April 1, 2017 through March 31, 2018 to the recommended bidder. Staff also <br />recommends the Board authorize the Purchasing Manager to renew this bid for two additional <br />one-year periods subject to satisfactory performance, vendor acceptance, and the determination <br />by Public Works that renewal of this annual bid is in the best interest of Indian River County. <br />P102 <br />