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STAFF REPORT <br />DATE: July 16, 2024 <br /> CONSENT <br /> <br />AGENDA ITEM: Approve Pay Request No. 2 for the 2024 Street and Utility Improvements <br />SUBMITTED BY: Mike Rusenovich, Project Engineer REVIEWED BY: Nicole Miller, City Administrator Clarissa Handler, Finance Director Marty Powers, Public Works Director Jack Griffin, City Engineer <br /> ISSUE BEFORE COUNCIL: Should the City Council approve Pay Request No. 2 for the 2024 Street <br />and Utility Improvements? BACKGROUND: Northdale Construction Company, Inc. was awarded a construction contract on April <br />16, 2024 to complete the 2024 Street and Utility Improvements. Work remains in progress with a substantial completion date of September 23, 2024 and final completion date of October 25, 2024. PROPOSAL DETAILS/ANALYSIS: Northdale Construction Company, Inc. has submitted Partial Pay Request No. 2 in the amount of $666,785.90. 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 $50,052.06. FISCAL IMPACT: None. Partial payment is proposed in accordance with the Contract for the project. Payment remains within the authorized scope and budget. <br />RECOMMENDATION: Staff is recommending that the City Council approve, as part of the Consent <br />Agenda, Pay Request No. 2 for the 2024 Street and Utility Improvements. If removed from the consent agenda, the recommended motion for the action is as follows: “Move to approve Pay Request No. 2 to Northdale Construction Company, Inc. in the amount of $666,785.90 for the 2024 Street and Utility Improvements”. <br /> ATTACHMENTS: <br />1. Partial Pay Estimate No. 2.