That the City Council:
1. Authorize the award of a construction contract to Asplundh Construction, LLC. for the Moreno Beach Drive line extension from Oliver Street To John F. Kennedy Drive, Project Number 805 0071; and
2. Authorize the City Manager to execute the contract with Asplundh Construction, LLC. for the amount of $1,211,702.70, funded by Moreno Valley Electric Utility’s Restricted Assets Fund (6011); and
3. Authorize the issuance of a purchase order to Asplundh Construction, LLC. in the amount of $1,211,702.70, when the contract has been signed by all parties; and
4. Authorize the City Manager to execute any subsequent Amendments to the Agreement with Asplundh Construction, LLC within the City Council approved annual budgeted amounts, including the authority to authorize the associated purchase orders in accordance with the terms of the agreement, subject to the approval of the City Attorney; and
5. Authorize a budget adjustment as set forth in the fiscal impact section.