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The Mounds View Vision <br />A Thriving Desirable Community <br /> <br />Item No: 8F <br />Meeting Date: December 9, 2019 <br />Type of Business: CB <br />Administrator Review: ____ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Don Peterson, Public Works Director <br />Item Title/Subject: Resolution 9210, Approving the Final Payment for the 2019 Street <br />Reconstruction Project <br /> <br />Background: <br />North Valley Inc. submitted the lowest responsible bid and was awarded construction for the <br />2019 Street Rehabilitation Project. North Valley performed construction for the project during <br />summer 2019, and was substantially complete on August 9, 2019 – the date that the two-year <br />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. North Valley completed those items and has <br />met all requirements of the contract documents in a satisfactory manner. <br /> <br />The City has been withholding final payment to North Valley pending completion of the punch <br />list and other close-out requirements. The following is a summary of the final construction costs: <br /> <br />Original Contract Amount: $671,788.09 <br />Change Orders: 1,397.00 <br />Revised Contract Amount: $673,185.09 <br /> <br /> <br />The remaining payment amount owed to North Valley Inc. is for $16,667.06 <br /> <br />The City Council is being asked to approve the final payment to North Valley in the amount of <br />$16,667.06. Staff will hold the check until all the final paper work has been received and <br />approved. <br /> <br /> <br />Recommendation: <br />Public Works (and Stantec Consulting Services) recommend that the City Council adopt the <br />attached Resolution to accept the construction work and final payment of $16,667.09 for the <br />2019 Street Rehabilitation Project. North Valley and their subcontractors have not submitted IC- <br />134 forms (as required for project close-out). Staff will release of the final payment once all <br />closing paper work has been received. <br /> <br />Respectfully submitted, <br /> <br /> <br />Don Peterson <br />Director of Public Works