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• <br />AGENDA ITEM 6C <br />STAFF ORIGINATOR: James E. Studenski, City Engineer <br />COUNCIL MEETING DATE: August 8, 2005 <br />TOPIC: Resolution No. 05 -112, Approving Change Order No. 1 and Final <br />Payment, 2005 Sealcoat Project <br />VOTE REQUIRED: 3/5 Vote Required <br />BACKGROUND: <br />The contractor for the 2005 Sealcoat Project, Pearson Brothers, Inc. is requesting City <br />approval of Payment Certificate No. 1 (Final) in the amount of $48,666.65. A copy of <br />the Final Payment is attached. The contractor has satisfactorily completed all work and <br />has provided all necessary documentation. <br />The original contract amount was $48,235.00 and the final contract amount is <br />$48,666.65. Also included within the request for Final Payment is Change Order No. 1, <br />which is a compensating change order in the amount of $431.65. With this Change <br />Order, the final contract amount is still $19,760.85 below the Engineer's Estimate of <br />• $68,427.50. <br />Approval of the Final Payment will begin the one -year warranty period. <br />• <br />OPTIONS: <br />1. Return to staff for further review. <br />2. Approve Resolution 05 -112 Approving Change Order No. 1 and Final Payment for <br />the 2005 Sealcoat Project. <br />RECOMMENDATION: <br />Option No. 2 - Staff recommends that Resolution 05 -112 be approved. <br />-42- <br />