12-20-2006 Council Agenda - Laserfiche WebLink

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lWU1RINC U(I.AT.S December 13, 2006 File No. 120015E -0071 Honorable Mayor and City Council City of Little Canada 515 Little Canada Road E. Little Canada, MN 55117 -1633 RE: 2004 STREET RECONSTRUCTION & UTILITY IMPROVEMENTS FINAL PAY ESTIMATE NO. 8 Dear Council Members: Enclosed are three copies of Final Pay Estimate No. 8 for Frattalone Companies on the 2004 Street Reconstruction & Utility Improvement project. To date the Contractor has earned $1,200,610.24. Subtracting previous payments of $1,139,063.58, the amount due the Contractor is $61,548.66. This payment releases all retainage currently being held and would represent closeout of the project. During our final project inspection, we identified a small street settlement on Twin Lake Road that must be corrected next spring. While holding retainage to ensure this correction is completed is an option, the Contractor has indicated that they would like to provide a separate bond to the City for completion of this work thereby allowing the project to be closed. We have indicated to the Contractor that, if allowed, an $8,000 bond would be the amount required. This amount would ensure that the City could have the correction made if the current Contractor failed to complete the work. We have inspected the work preformed by Frattalone and find it to be in compliance with the plans, specifications, and contract documents. Due to the time of year and the desire to closeout the project, we would recommend final payment to the Contractor in the amount of $61,548.66 contingent on an $8,000 bond being provided to the City for the street patch work and all other required final documents being received. If you have any questions regarding this issue please feel free to call. Sincerely, Elfering & Associates Lee Elfering City Engineer Enclosure Ltr- 121306 -CC (Final Payment #8) 10062 Flanders Court NE, Blaine, MN 55449 — Ph: (763) 780 -0450 — Fax: (763) 780 -0452