HomeMy WebLinkAbout05(L) - Adopt Resolution No. 20-017 - Accepting Final Payment for the 2019 Reconstruction Project Report
MEETING DATE:January 21, 2020
PREPARED BY:Nick Monserud, Assistant City Engineer
PRESENTED BY:Nick Monserud
AGENDA ITEM:Adopt Resolution No. 20-017 –Authorizing Full and Final
Payment to GMH Asphalt Corporation for the 2019 Fish Point
Road Reclamation Project (TRN19-000003)
GOAL AREATransportation & Mobility
OBJECTIVE: ⦁
Maintain quality local street system based on a financially
stable plan that meets Overall Condition targets.
⦁
Promote neighborhood connectivity and safety through
development and street reconstruction projects
.
RECOMMENDED ACTION:
Approve a resolution authorizing full and final payment to
GMH Asphalt Corporation for the 2019 Fish Point Road Reclamation Project, City
Project number TRN19-000003 as part of the consent agenda.
BACKGROUND:
The purpose of this item is to authorize full and final payment for the 2019 Fish Point
Road Reclamation Project. This project included full depth pavement reclamation, spot
curb replacement, replacement of the existing bituminous trail, and ADA improvements
at the existing curb ramps.
History
On March 18, 2019, the City Council awarded a construction contract to GMH Asphalt
Corporation (GMH) for the 2019 Fish Point Road Reclamation Project, City Project
number TRN19-000003. All work under the contract has been completed in
accordance with the contract. All punch list items have been completed and any
additional repairs will be covered under the project warranty.
Current Circumstances
The final payment amount is $35,543.30. With this payment, the total final contract
amount paid to GMH will be $340,425.63. This amount is $48,288.51 under the original
contract amount of $388,714.14.
Conclusion
GMH delivered a quality project and has addressed the outstanding work items. It is
appropriate to provide full and final payment at this time.
FINANCIAL IMPACT:
Funding for the final payment is available in the Construction Fund for this project.
The final project costs are as follows:
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wop60F3.tmpMicrosoft_Excel_Worksheet.xlsx
Funding of this project is shown on the table below:
wop6152.tmpMicrosoft_Excel_Worksheet1.xlsx
As bond proceeds were sufficient to cover project costs, $92,826.69 remains unspent
at the end of the project and, per bond counsel, can be reauthorized by City Council for
another improvement project.Staff recommends that the funds remain in the
Construction Fund to help offset the costs of other improvement construction
projects.Per bond requirements, any excess bond proceeds that are not reauthorized
for another improvement project must be transferred to the Debt Service Fund for
payments on the related bonds.
ALTERNATIVES:
⦁
Approve a resolution authorizing full and final payment to GMH Asphalt
Corporation for the 2019 Fish Point Road Reclamation Project, City Project
number TRN19-000003 as part of the consent agenda.
⦁
Approve a motion to remove this item from the consent agenda for additional
discussion.
ATTACHMENTS:
⦁
Resolution 20-019
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