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Item No: 7B <br />Meeting Date: July 9, 2012 <br />Type of Business: Council Business <br />Administrator Review: ____ <br />City of Mounds View Staff Report <br /> <br /> <br /> <br />To: Honorable Mayor and City Council <br />From: Nick DeBar, Public Works Director <br />Item Title/Subject: Resolution 7967, Accepting Work for the 2011 Street and Utility <br />Improvement Project - Area D and Authorizing Final Payment to <br />Northwest Asphalt, Inc. <br /> <br />Background/Discussion: <br />Northwest Asphalt, Inc. submitted the lowest responsible bid and was awarded construction <br />for the 2011 Street and Utility Improvement Project in Area D (Res. 7771). Northwest Asphalt <br />performed construction for the project during summer 2011 and was substantially complete on <br />October 19, 2011 – the date that the two-year warrantee period begins. <br /> <br />A punch list was prepared after substantial completion for the remaining minor work and/or <br />repairs left to complete before project close-out. Northwest Asphalt completed those items <br />and has met all requirements of the contract documents in a satisfactory manner. The City <br />has been withholding 2% of the value of all completed work that Northwest Asphalt has <br />performed, pending completion of the punch list and other close-out requirements. The <br />following is a summary of the final construction costs: <br /> <br />Original Contract Amount: $ 1,969,374.79 <br />Change Orders (0): + $ 0.00 <br />Revised Contract Amount: $ 1,969,374.79 <br />Actual Construction Cost: $ 1,848,242.47 $121,132.32 below revised contract amount <br /> <br />The remaining payment amount owed to Northwest Asphalt is for $48,180.36. <br /> <br />Recommendation: <br />Public Works (and Stantec) recommend that the City Council adopt the attached resolution to <br />accept the construction work and release final payment for the Area D street and utility <br />improvements. Northwest Asphalt and their subcontractors have submitted IC-134 forms (as <br />required for project close-out). The final pay application is being processed under “Payment <br />of Claims” on tonight’s meeting agenda. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />Nick DeBar - Public Works Director <br />Attachments: <br />• Final Contractor’s Request for Payment Cover Page <br />• Resolution 7967