01-23-2002 Council Agenda - Laserfiche WebLink

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`(J+ o/ d Y6DG(B `CJCUIZCL k 515 Little Canada Road, Little Canada, MN 55117 -1600 (651) 766 -4029 / FAX: (651) 766 -4048 www.ci.little- canada.mn.us MEMORANDUM TO: Mayor Fahey & Members of the City Council FROM: Greg Schroeder, Public Works Director DATE: January 18, 2002 RE: Little Canada Road Improvements Project Partial Pay Estimate No. 10 MAYOR Michael 1. Fahey COUNCIL. Beverly Sealze Jim LaValle Matt Anderson Rick Montour ADMINISTRATOR Joel R. Hanson I have reviewed the Little Canada Road Improvement Project Pay Estimate No. 10 for Palda and Sons, Inc. This pay estimate includes adjustment of quantities to match the work completed on this project, additional payment for bituminous wear placement agreed to in Change order #1, and the reduction of the amount retained. The City Engineer has inspected the work performed by Palda and Sons, Inc. and finds it to be in compliance with the plans, specifications, and contract documents. The original contract amount is $1,765,242.32, however, the contractor has only earned $1,591,493.51 to date. This project is substantially complete, except for reestablishment of grass around the storm water pond; therefore, the total project cost will be less than the original contract amount. Since the project is substantially completed and contractor has completed the punch list items we have reduced the retainage down to 1.0 %. The remainder of the retainage ($15,914.94) is sufficient to cover any remaining turf establishment work that may be needed and will be held until all of this work is completed in the spring of 2002. The total due the contractor this period is $9,306.07 + $23,639.75 released retainage = $32,945.82. Based on the above, I recommend Council approval of Pay Estimate No.10 in the amount of $32,945.82. lI: \GregS \Pay Estimates \Pay Estimate No. 10 Palda.doe