HomeMy WebLinkAbout24-050 2021 FP1 Project Final Payment - RESO
4646 Dakota Street SE Prior Lake, MN 55372
RESOLUTION 24-050 A RESOLUTION AUTHORIZING FINAL PAYMENT TO MCNAMARA CONTRACTING FOR THE FISH POINT PHASE 1 RECONSTRUCTION PROJECT (CP 2020-17) Motion By: Burkart Second By: Lake
WHEREAS, on March 15, 2021, the City Council adopted Resolution 21-042 which authorized the City to accept bids and award the City’s standardized construction contract for the Fish Point Phase 1 Reconstruction Project; and, WHEREAS, the Contract outlined the improvements McNamara Contracting 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 Public Works Director 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 Fish Point Phase 1 Reconstruction Project. 3. Final payment will be made to McNamara Contracting in the amount of $109,085.90. 4. Staff is hereby authorized to make the appropriate utility fund transfers between funds as noted below:
Contract Actual
Final Utility Fund Transfers to/(from) F501 to Utility Fund Noted
Tax Levy $1,858,519 $1,563,994 $294,615
Assessment $562,320 $562,320
Utility Fund - Sewer $665,690 $614,282 $(51,408)
Utility Fund - Water $765,756 $751,006 $(14,750)
Water Quality Fund $324,795 $409,700 $84,905
Total $4,177,080 3,901,212
5. Staff is hereby authorized to transfer bond proceeds of $593,718.11 to the Wilds
Parkway Reclamation street reconstruction project (501-43500.00-39315.00-TRN25-000001) comprised of the following:
M:\2- City Clerk\City Council\Resolutions\2024\24-050 2021 FP1 Project Final Payment - RESO.docx 2
Contract Actual
Costs below Funding
Bond proceeds (tax levy & special assessments) above contract. This includes transfer in from 2018 street project prior to known project costs.
$2,420,839 $2,719,942 $299,103
Actual project cost below contract $1,858,519 $1,563,994 $294,615
Total bond proceeds $593,718
Passed and adopted by the Prior Lake City Council this 23rd day of April 2024. VOTE Briggs Braid Burkart Churchill Lake
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________ Jason Wedel, City Manager