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HomeMy WebLinkAbout3G - Franklin Trail Sidewalk Payment CONSENT AGENDA: PREPARED BY: SUBJECT: DATE: 3 (g) BRUCE LONEY, ASSISTANT CITY ENGINEER CONSIDER APPROVAL FOR FINAL PAYMENT ON PROJECT 92-11, FRANKLIN TRAIL SIDEWALK IMPROVEMENTS JANUARY 4, 1993 INTRODUCTION BACKGROUND: The City of Prior Lake contracted with Weststar Curb & Concrete, Inc. of Watkins, Minnesota for the construction of concrete sidewalk and appurtenant work along Franklin Trail from Trunk Highway l3 (south intersection) to Trunk Highway 13 (north intersection). The purpose of this Agenda item is to receive Council approval of the final payment on this project. Weststar Curb & Concrete, Inc entered into a contract with the City on July 6, 1992. The City's engineering staff prepared the plans and specifications, and performed the contract administration on the project and has certified that the work has been completed according to the specifications. The Contractor has signed the final estimate and submitted the following documents necessary for final payment: 1. Consent of Surety to Final Payment 2. Affidavits for Obtaining Final Settlement of Contract with the State of Minnesota and an~ of Its Political or Governmental Subdiv1sions. 3. Lien Waivers ALTERNATIVES: The contract bid amount for the project was $54,491.80 with the final contract amount to complete the project is $53,065.20. The final project cost was $1,426.60 under the contract bid amount. The final payment due to the Contractor is $2,653.26. The final payment voucher will be included with the invoices for Council approval on January 19, 1992 if approval of final payment is given at this meeting. The alternatives are as follows: 1. Approve a motion authorizing final contract payment for Project No. 92-11, in the amount of $2,653.26 to Weststar Curb & Concrete, Inc. 4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLDYER RECOMMENDATION: BUDGET IMPACT: ACTION REQUIRED: 2. Deny the motion for a specific reason. 3. Table this item for a specific reason. Alternate number one is recommended as the Contractor has completed the work, submitted the necessary documentation and has agreed to the final payment. This project has been paid for Dedication Funds which included General Fund balance transfer. through Park a $75,000.00 As part of the Consent Agenda, make a motion to authorize final payment to Weststar Curb & Concrete, Inc. in the amount of $2,653.26 for project No. 92-11.