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AGENDA ITEM 5D <br />STAFF ORIGINATOR: John Powell, City Engineer <br />DATE: November 4, 1998 <br />TOPIC: Resolution No 98 -163, Approve Payment No 2 (final) and Change <br />Order No. 1, 1998 Sealcoat Project <br />BACKGROUND: <br />The Contractor for the 1998 Sealcoat Project is requesting City approval of <br />Payment No. 2 (final) in the amount of $2570.85 and Change Order No. 1. <br />The project included the sealcoating of various streets throughout the City. The <br />final contract amounts are summarized as follows: <br />Original Contract amount <br />Change Order No. 1 <br />Final Contract Amount <br />$ 55,912.50 <br />$ - 4A95.54 <br />$ 51,416.96 <br />Change Order No. 1 adjusts the final contract amount to reflect a reduction in the <br />material quantities used on the project. This change was not due to a reduction <br />in the scope of the project. Instead, a contingency was incorporated into the <br />estimated quantities for the project which was not used. <br />OPTIONS: <br />1. Return to staff for further review. <br />2. Approve Resolution 98 -163 approving Payment No. 2 (final) and Change <br />Order No. 1 for 1998 Sealcoat Project. <br />RECOMMENDATION: <br />Staff recommends that Resolution 98 -163 be approved. <br />