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• AGENDA ITEM 6E STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: November 8, 2004 TOPIC: Resolution No. 04 -169, Approving Change Order No. 2 & 3 and Final Payment, EIm Street Reconstruction Project VOTE REQUIRED: 3/5 Vote Required BACKGROUND: The contractor for the Elm Street Reconstruction Project, F. M. Frattalone Excavating and Grading, Inc. is requesting City approval of Payment No. 7 (final) in the amount of $62,176A8. A copy of the final payment is attached. The contractor has satisfactorily completed all work and has provided all necessary documentation. The original contract amount was $1,513,221.79 and the final contract amount is $1,416,977.78. Also included within the request for final payment is Change Order No. . 2 in the amount of $27,437.98. This Change Order essentially provides for the installation of 70 new trees along the street, along with some additional storm sewer and grading work. With this Change Order, the final contract amount is still $96,244.01 under the original contract amount. This reduced cost can generally be attributed to a significant reduction in the amount of subgrade work (common excavation and granular material) that was originally anticipated, and the Contractor's ability to keep the project on schedule and within budget. Change Order No. 3 is a compensating change order which balances out the contract. Approval of the final payment will begin the one -year warranty period. OPTIONS: 1. Return to staff for further review. 2. Approve Resolution 04 -169 Approving Change Order No. 2 & 3 and Payment No. 7 (final) for the EIm Street Reconstruction Project. RECOMMENDATION: Option No. 2 - Staff recommends that Resolution 04 -169 be approved. •