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HomeMy WebLinkAbout4B - Lakefront Park Imp. Proj MEETING DATE: AGENDA # PREPARED BY: REVIEWED BY: AGENDA ITEM: DISCUSSION: FISCAL IMPACT: AL TERNA TIVES: RECOMMENDED MOTION: REVIEWED BY: CITY COUNCIL AGENDA REPORT FEBRUARY 4, 2002 4B AL FRIEDGES, PARKS SUPERVISOR BUD OSMUNDSON, PUBLIC WORKS DIRECTOR CONSIDER APPROVAL A RESOLUTION AUTHORIZING FULL AND FINAL PAYMENT TO INGRAM EXCAVATING, INC. FOR CONSTRUCTION OF LAKEFRONT PARK IMPROVEMENT PROJECT. . History On May 3, 1999 the City entered into a contract with Ingram Excavating, Inc. for the construction of Lakefront Park Development. All work under the contract has been completed and this agenda item requests full and final payment. Current Circumstances The final payment is for $6,560.00 for a total contract amount of $1,385,827.50. This is $8,776.50 over the original contract amount, or a variance of just over ';2 percent from the base bid. The final contract amount is based upon actual rather than projected contract quantities. Conclusion It is staffs recommendation to approve the final payment as requested The original contract for the construction of Lakefront Park Development was $1,377,051.00. The final payment amount is $6,560.00. The funds will be drawn from the Lakefront Park portion of the referendum. There are three alternatives for the City Council to consider: 1. Approve a resolution authorizing full and final payment to Ingram Excavating, Inc. 2. Table this agenda item for a specific reason. 3. Deny this agenda item for a specific reason and provide staff with direction. Staff recommends alternative number 1. Bud C:\'f~Bd"E'cigWc:}'Je~t~~.F~~,l{S?pgtTI1Jt'~~1\~%W~~mcr"5SV3'~--lIj1e~'o7'~. (952) 447-4230 / Fax (952) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER "-1' T T r""'- RESOLUTION 02~,/ ~ IlrllVNESO~~ SOLUTION AUTHORIZING FULL AND FINAL PAYMENT TO INGRAM EXCAVATING, INC. FOR THE CONSTRUCTION OF LAKEFRONT PARK IMPROVEMENT PROJECT MOTION BY: WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, SECOND BY: On February 25, 1997 the citizens of Prior Lake passed a referendum which included the improvements to Lakefront Park; and Ingram Excavating, Inc. was awarded the contract for construction of Lakefront Park Development; and Ingram Excavating, Inc. has in all respects completed the contract for construction of Lakefront Park Development; and The original contract for the construction of Lakefront Park was $1,377,051.00; and Additional work was required for an increase of $8,776.50; and The final contract amount is $1,385,827.50; and Staff recommends acceptance ofthe project and full and final payment of the contract. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA, that 1. The recitals set forth above are incorporated herein 2. Final payment is hereby authorized to be made to Ingram Excavating, Inc. in the amount of $6,560.00 for the contract to construct Lakefront Park Development from the Park and Library referendum fund. Passed this 4th day of February 2002. { Seal } YES NO Haugen Haugen Ericson Ericson Gundlach Gundlach Petersen Petersen Zieska Zieska City Manager 162U6W~~Pewcmmn{t1J. h~~.~t fifr&'Pt~CW,\fWfllfr!~W6rb I~~n-'f'1flf -fa~:o~~~ 447-4230 / Fax (952) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER T c:: f- 0 U f- W u ffi ~ g z u z 3: c:: 0 '~[IIJ]O <( U 0 0 "5X .0 .-=: c;; is 8 8l <<I U? M .s ~ ~ in cO 0> co - b Z (f) 6 ..0 _oZ 1-1-1- <l:aU S:2ow ...J_-' 0..0::0 o..wo:: <:::0..0.. ~ g .. ~ .. Q. .. :: .. <( .. :::: ~ 0 .. .r: "" .t: ~ u ii .. E < :> e- .. ., ., .. ~ :> .Ii Q. ~ .; E .e w .. c f- <Ii ~ ii .. CD :> ~ Il C C 0 .. N W ~ > -=-~ .. E .. 10 .. 10 D .. 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