#10 - Water Tower 3 Pay Request 14

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STAFF REPORT DATE: February 6, 2024 CONSENT AGENDA ITEM: Approve Pay Request No. 14 for the Water Tower No. 3 Project SUBMITTED BY: Chad Isakson, Project Engineer REVIEWED BY: Clark Schroeder, Interim City Administrator Clarissa Hadler, Finance Director Marty Powers, Public Works Director Jack Griffin, City Engineer ISSUE BEFORE COUNCIL: Should the City Council approve Pay Request No. 14 for the Water Tower No. 3 project? BACKGROUND: Phoenix Fabricators & Erectors, LLC was awarded a construction contract on January 18, 2022 for the construction of Water Tower No. 3. Work remains in progress. The contract requires a milestone 1 completion date of November 18, 2022, milestone 2 completion date of March 31, 2023, milestone 3 completion date of July 28, 2023, substantial completion date of October 13, 2023 and final completion date of November 17, 2023. PROPOSAL DETAILS/ANALYSIS: Phoenix Fabricators & Erectors, LLC has submitted Partial Pay Request No. 14 in the amount of $71,250.00. The request has been reviewed and payment is recommended in the amount requested. In accordance with the contract documents, the City has retained 5% of the total work completed. The amount retained is with Pay Request No. 13 is $162,264.10. FISCAL IMPACT: None. Partial payment is proposed in accordance with the Contract for the project. Payment remains within the authorized scope and budget. RECOMMENDATION: Staff is recommending that the City Council approve, as part of the Consent Agenda, Pay Request No. 14 for the Water Tower No. 3 project. If removed from the consent agenda, the recommended motion for the action is as follows: “Move to approve Pay Request No. 14 in the amount of $71,250.00 to Phoenix Fabricators & Erectors, LLC. for the Water Tower No. 3 project”. ATTACHMENTS: 1. Partial Pay Estimate No. 14.