2005-022 Council Resolution - Laserfiche WebLink

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• • • AGENDA ITEM 6K STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: February 28, 2005 TOPIC: Resolution No. 05 -22, Approving Change Order No. 3R and Revised Final Payment, Elm 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. 7R (revised final) in the amount of $65,721.73. A copy of the revised final payment is attached. The additional $3,545.25 is due to sign panel costs that were mistakenly omitted by the contractor from the previous final payment. This was an item that has been completed, it was part of the original contract, and is owed to the contractor. 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 $1,420,523.03. The final contract amount is still $92,698.76 under the original contract amount. Change Order No. 3R is a revised compensating change order which balances out the contract. Approval of the final payment at the November 8, 2004 Council Meeting began the one - year warranty period. OPTIONS: 1. Return to staff for further review. 2. Approve Resolution 05 -22 Approving Change Order No. 3R and Payment No. 7R (revised final) for the Elm Street Reconstruction Project. RECOMMENDATION: Option No. 2 - Staff recommends that Resolution 05 -22 be approved.