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4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 17-002
A RESOLUTION AUTHORIZING FULL AND FINAL PAYMENT TO HONEYWELL FOR THE
GUARANTEED ENERGY SAVINGS PROJECT (FAC-2012-001)
Motion By: McGuire Second By: Thompson
WHEREAS, Honeywell Inc, was awarded a contract in the amount of $2,677,924.00 for the
Energy Savings Project; and
WHEREAS, Honeywell Inc, has in all respects completed the contract work of the Energy
Savings Project in an amount totaling $2,604,709.00; and
WHEREAS, The Public Works Director and Maintenance Superintendent recommends
acceptance of the project and Final Payment of the contract
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The contract is decreased in the amount of $63,215.
3. The full and final payment is hereby authorized to be made to Honeywell, Inc. in the amount
of $260,470.90 for a total contract amount of $2,604,709.00 for the Energy Savings Project.
4. Funding for the final payment shall come from an escrow held by US Bank and booked to
the Facilities Fund (accounting code of 440-41960.00-55520.00).
5. The remaining funds held in escrow of $63,215 will be applied to the next Fund 562 GESP
lease/debt payment as defined in the Escrow Agreement.
Passed and adopted by the Prior Lake City Council this 9th day of January, 2017
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager