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HomeMy WebLinkAboutResolution No. 7027 397 RESOLUTION NO. 7027 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 June 2024 to $154,000 for the construction, improvement, repair, or maintenance of public works and $77,000 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 4.77% from May 2024 to May 2025. 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 $161,000, effective July 1, 2025. 2. Professional services contracts related to public works is $81,000, effective July 1 , 2025. 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 23rd day of June, 2025. q9it..) \AA MAYOR OF THE CITY OF CYPRESS ATTEST: ce, jta CITY C ERK OF TH CITY 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 23rd day of June, 2025, by the following roll call vote: AYES: 3 COUNCIL MEMBERS: Minikus, Peat and Medrano NOES: 2 COUNCIL MEMBERS: Chang and Burke ABSENT: 0 COUNCIL MEMBERS: None CITY CL RK OF THE CITY OF CYPRESS