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CONSIDERATION OF BID 1617-9; CONTRACT K-1617-3 BY AND BETWEEN THE NORMAN TAX INCREMENT FINANCE AUTHORITY AND RDNJ, L.L.C., D/B/A A-TECH PAVING IN THE AMOUNT OF $811,315.50; PERFORMANCE BOND B-1617-5; STATUTORY BOND B-1617-6, AND MAINTENANCE BOND MB-1617-3 FOR THE 24TH AVENUE AND RADIUS WAY TRAFFIC SIGNAL AND INTERSECTION IMPROVEMENT PROJECT.
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BACKGROUND: On August 8, 2006, City Council approved Contract K-0607-45 by and between the City of Norman and the University Town Center L.L.C., regarding Development Agreement No. 1 for the initial project activities associated with the traffic improvements needed to mitigate the additional traffic generated by the University North Park (UNP) development. The attached Exhibit A was included in Development Agreement No. 1 and includes the list of required traffic/transportation improvements for the UNP Development. Among the projects listed in Exhibit "A" are five intersections on 24th Avenue NW. Development Agreement No. 1 addresses the funding of these projects through the University North Park Tax Increment Finance Authority (NTIFA).
The City has constructed four of the five intersections along 24th Avenue NW as listed below:
* Mount Williams Drive
* Conference Center Drive
* Legacy Park Drive
* Corporate Center Drive
The fifth and final intersection under that agreement is 24th Avenue NW and Radius Way, which is located half way between Rock Creek Road and Corporate Center Drive (see the project location map). This intersection will provide access to a multi-family residential development on the east side of 24th Avenue NW and future development on the west side. The intersection will include left turn bays for northbound and southbound traffic, decorative pavement and decorative traffic signal equipment. On November 24, 2015, the NTIFA/Council approved Contract K-1516-78 with SMC Consulting Engineers for the design of the intersection.
DISCUSSION: Bid documents and specifications for constructing...
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