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Resolution No. 6938 immismom 423 RESOLUTION NO. 6938 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, AND ACTING AS EX-OFFICIO GOVERNING BOARD OF DIRECTORS OF THE CYPRESS RECREATION AND PARK DISTRICT, TO UPDATE THE FORMAL BID LIMIT FOR PUBLIC WORKS PROJECTS WHEREAS, the City updated the contract limits in October 2022 to $134,000 for the construction, improvement, repair, or maintenance of public works and $67,000 for professional services contracts related to public works projects; and WHEREAS, these limits shall be updated annually, based on the May cost index for construction costs in Los Angeles area as published by ENGINEERING NEWS- RECORD, New York, New York, by resolution of city council; and WHEREAS, the index increased by 13.8%from October 2022 to May 2023. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cypress updates public works contract limits as follows: 1. Contracts for the construction, improvement, repair, or maintenance of public works is $153,000, effective July 1, 2023. 2. Professional services contracts related to public works is $76,000, effective July 1, 2023. PASSED AND ADOPTED by the City Council of the City of Cypress, and acting as ex-officio governing Board of Directors of the Cypress Recreation and Park District, at a regular meeting held on the 12th day of June, 2023. &At, —hO (ate MAYOR OF THE Y OF CYPRESS ATTEST: CITY RK OU6(.44,0 EY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, Alisha Farnell, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 12th day of June, 2023, by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Burke, Peat, Minikus and Hertz-Mallari NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Marquez CITY CL RK OF THE C TY OF CYPRESS