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• <br />AGENDA ITEM 1 F <br />STAFF ORIGINATOR: James E. Studenski, City Engineer <br />COUNCIL MEETING DATE: May 22, 2006 <br />TOPIC: Resolution No. 06 -87, Approving Change Order No. 2 and Final Payment, <br />2005 Overlay Project <br />VOTE REQUIRED: 3/5 Vote Required <br />BACKGROUND: <br />The contractor for the 2005 Overlay Project, Universal Enterprises of Mid - Minnesota, <br />Inc. is requesting City approval of Payment Certificate No. 2 (Final) in the amount of <br />$6,142.37. A copy of the Final Payment is attached. The contractor has satisfactorily <br />completed all work and has provided all necessary documentation. <br />The current contract amount was $124,389.36 and the final contract amount is <br />$122,847.32. Also included within the request for Final Payment is Change Order No. <br />2, which is a compensating change order in the deduct amount of $1,542.04. With this <br />• Change Order, the final contract amount is still $33,662.68 below the Engineer's <br />Estimate of $156,510.00. <br />Approval of the Final Payment will begin the one -year warranty period. <br />OPTIONS: <br />1. Return to staff for further review. <br />2. Approve Resolution 06 -87 Approving Change Order No. 2 and Final Payment for the <br />2005 Overlay Project. <br />RECOMMENDATION: <br />Option No. 2 - Staff recommends that Resolution 06 -87 be approved. <br />• <br />