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• AGENDA ITEM 7D <br />• <br />STAFF ORIGINATOR: James E. Studenski, City Engineer <br />COUNCIL MEETING DATE: February 24, 2003 <br />TOPIC: Resolution No. 03 -29, Approve Final Payment for 2002 Wear <br />Course Project <br />VOTE REQUIRED: 3/5 Vote Required <br />BACKGROUND: <br />The contractor for the 2002 Wear Course Project, Hardrives, Inc. is requesting <br />City approval of Payment No. 2 (final) in the amount of $11,235.78. A copy of <br />the final payment is attached. The contractor has completed all work and has <br />provided all necessary documentation. <br />The original contract amount was $223,423.10 and the final contract amount is <br />$210,408.59. The total for the project was $31,671.41 under the Engineer's <br />estimate of $242,080.00. <br />Approval of the final payment will begin the one -year warranty period. <br />OPTIONS: <br />1. Retum to staff for further review. <br />2. Approve Resolution 03 -29 Approving Payment No. 2 (final) for the 2002 Wear <br />Course Project. <br />RECOMMENDATION: <br />Option No. 2 - Staff recommends that Resolution 03 -29 be approved. <br />