HomeMy WebLinkAbout05(L) - Approve Resolution to Accept the Improvements and Approve Final Payment for the 170th Street/Towering Woods Reconstruction Project (CP 2020-35) Report
City of Prior Lake | 4646 Dakota Street SE | Prior Lake MN 55372
CITY COUNCIL AGENDA REPORT
ITEM: 5L
MEETING DATE: March 21, 2022
PREPARED BY: Nick Monserud, Assistant City Engineer
PRESENTED BY: Nick Monserud
AGENDA ITEM: Accept the improvements and approve final payment for the 170th
Street/Towering Woods reconstruction project (CP 2020-35)
GOAL AREA
OBJECTIVE:
Transportation & Mobility
1. Maintain quality local street system based on a financially stable
plan that meets Overall Condition targets.
2. Promote neighborhood connectivity and safety through
development and street reconstruction projects.
RECOMMENDED ACTION:
Adopt a resolution accepting the improvements and approving final payment for the 170th
Street/Towering Woods reconstruction project (CP 2020-35).
BACKGROUND:
On June 21, 2021, the City Council awarded a construction contract to Northwest Asphalt for
the 170th Street/Towering Woods Reconstruction Project, City Project number 2020-35. 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.
The final payment amount is $156,900.26. With this payment, the total final contract amount
paid to Northwest Asphalt will be $735,993.07. This amount is $55,932.77 under the original
contract amount of $791,925.84.
Northwest Asphalt delivered a quality project and has addressed all outstanding work items. It
is appropriate to provide full and final payment currently.
FINANCIAL IMPACT:
Funding for the final payment is available in the Development Agreement Fund (F260) for this
project.
The final project costs are as follows:
170th St/Towering
Woods
Construction Contract $735,993.07
Street Lighting (Xcel) $15,517.30
Engineering, Legal, Admin. $106,561.00
Total Project Cost $858,071.37
Item 5L
Page | 2
Funding of this project is shown on the table below:
FUND
170th St/Towering
Woods
Revolving Park Fund (F430) $364,641.99
Habitat for Humanity $493,429.38
Total Project Cost $858,071.37
The transfers from the Revolving Park Funds are adjusted at the time of final payment to reflect
the actual costs that were incurred. The transfers needed are shown in the table below:
TRANSFER FROM 260 TO:
170th
St/Towering
Woods
Revolving Park Fund (F430) $49,358.01
Habitat for Humanity $197,320.62
Total Transfers $246,678.63
ALTERNATIVES:
1. Motion and second as part of the consent agenda to adopt a resolution accepting the
improvements, approving final payment for the 170th Street/Towering Woods
reconstruction project (2020-35), and approving the fund transfer of $49,358.01 from
F260 to F430.
2. Motion and second to remove this item from the consent agenda for additional
discussion.
ATTACHMENTS:
1. Resolution - Accept the improvements and approve final payment for the 170th
Street/Towering Woods reconstruction project (CP 2020-35)
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 22-
A RESOLUTION AUTHORIZING FULL AND FINAL PAYMENT TO NORTHWEST ASPHALT FOR
TH
THE 170 STREET/TOWERING WOODS RECONSTRUCTION PROJECT (CITY PROJECT
#2020-35)
Motion By: Second By:
WHEREAS, on June 21, 2021, the City Council adopted Resolution 21-088 which
authorized the City to accept bids and award the City’s standardized
construction contract for the 170th Street/Towering Woods Reconstruction
Project; and
WHEREAS, the Contract outlined the improvements Northwest Asphalt was responsible for
installing; and
WHEREAS, these improvements and all other Contract responsibilities are now complete
to the satisfaction of the City; and
WHEREAS, the Assistant City Engineer has reviewed the improvements and has written
the acceptance letter for this project.
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 City Council hereby accepts the improvements for the 170th Street/Towering Woods
Reconstruction Project.
3. Final payment will be made to Northwest Asphalt in the amount of $156,900.26.
4. Staff is hereby authorized to amend the 2022 budgets and make the appropriate transfers
between funds effective as of March 21, 2022. See the table below for the transfer
summary:
TRANSFER FROM F260 TO: 170th St/Towering Woods
Revolving Park Fund
$49,358.01
(F430)
Passed and adopted by the Prior Lake City Council this 21st day of March 2022.
VOTE Briggs Thompson Burkart Braid Churchill
Aye
☐
☐ ☐ ☐ ☐
Nay
☐ ☐ ☐ ☐ ☐
Abstain
☐ ☐ ☐ ☐ ☐
Absent
☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager