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HomeMy WebLinkAboutVI-02 - Final Payment for 2018 Mill & Overlay Program City Council Memorandum To: Mayor Hicks & City Council Members From: John Caven – Assistant City Engineer Date: November 5, 2018 Item: Approve Final Payment – 2018 Mill & Overlay Program COUNCIL ACTION REQUESTED Council is requested to adopt the attached resolution approving final payment to Park Construction on the 2018 Mill & Overlay Program. BACKGROUND INFORMATION The project work was completed in July, 2018 and the punchlist was completed in early October, 2018. FINANCIAL IMPACT The budget for the mill and overlay program is $450,000. The final construction cost for the mill and overlay project is $415,082.78, which is 8.4% less than the allowable budget. Final total cost, including material testing, is $427,921.28, which is 5.1% less than the allowable budget. STAFF RECOMMENDATION Staff is recommending that the City Council adopt the attached resolution approving final payment for the project. VI-02 CITY OF HASTINGS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. RESOLUTION ACCEPTING WORK AND ORDERING FINAL PAYMENT FOR PROJECT 2018 MILL & OVERLAY PROGRAM WHEREAS, pursuant to a written contract signed with the City of Hastings on May 21, 2018, Park Construction has satisfactorily completed the 2018 Mill & Overlay Program. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HASTINGS AS FOLLOWS; that the Clerk and Mayor are hereby directed to issue a proper order for the final payment of $18,581.06 on the above said project for such contracts, taking the contractor receipt in full. ADOPTED BY THE CITY COUNCIL OF HASTINGS, MINNESOTA, THIS 19TH DAY OF NOVEMBER, 2018. Ayes: Nays: Paul J. Hicks, Mayor ATTEST: Julie Flaten, City Clerk SEAL VI-02 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2 V I - 0 2