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RESOLUTION 9245 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA APPROVING FINAL PAYMENT TO RAK CONSTRUCTION FOR THE SPLASH PAD INSTALLATION WHEREAS, The City Council Approved Resolution 8966 in May of 2018, authorizing RAK Construction the installation of the Splash Pad; and WHEREAS, RAK Construction provided the following services consisted; assisting Public Works Staff as General Contractor, overseeing the Electrician and Plumber for a proposed cost of $90,991.00; and WHEREAS, during the project, changes and modifications were required. Staff approved the majority of these changes, but in the interest of timing and progress there were a few modifications that were not; and WHEREAS, at the end of the project Staff received an invoice from RAK for an additional $22,536.39; and WHEREAS, after several meetings and working with RAK Construction, Staff was able to lower the invoice amount to $14,500.00; and WHEREAS, The City owes RAK Construction the retainage of $4,549.55. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View, Ramsey County, Minnesota as follows: 1. All work completed under the contract between the City and RAK Construction for the Installation of the Splash Pad Equipment is hereby accepted and approved. 2. The City Council approves a budget adjustment for the 2020 budget in the Park Dedication Fund, 451-4470-7050, of $19,049.55. 3. The Finance Director is authorized to issue final payment of $19,049.55 to RAK Construction Inc. of East Bethel MN. Adopted this 24th day of February, 2020 _____________________________ Carol A. Mueller, Mayor ATTEST: Nyle Zikmund, City Administrator (SEAL) The Mounds View Vision A Thriving Desirable Community