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R-16-33RESOLUTION NO. R-16-33 Resolution of City of Fairfax Funding Commitment for the Northfax Intersection and Drainage Improvements Project WHEREAS, the City recently received bids for the construction of the Northfax Intersection and Drainage Improvements Project VDOT UPC 16632, Project 0029-151- 105; and WHEREAS, the lowest bid for the work was $23,848,500, which is 55% higher than the Engineer's Estimate, and leaves the project with a net construction -phase funding shortfall of approximately $8M; and WHEREAS, in order for the Virginia Department of Transportation to authorize the award of the construction contract, the City must demonstrate a commitment to fund the full cost of the project. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Fairfax, Virginia that the City hereby affirms its commitment to fund the full cost of the Northfax Intersection and Drainage Improvements Project per the approved plans within the timeframe of the construction contract. Adopted: July 12, 2016 Mayor ATTEST: City Clerk The vote on the motion to approve was recorded as follows: VOTE: Mayor Silverthorne Aye Councilman DeMarco Aye Councilman Greenfield Aye Councilman Meyer Aye Councilmember Miller Aye Councilmember Schmidt Aye Councilman Stehle Aye