2020.02.03 CC Packet - Laserfiche WebLink

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The current letter of credit for the 1st Addition is in the amount of $500,000. Staff has inspected the work completed to date and recommends Council approve the reduction in the letter of credit to $297,979. This is a reduction to 10% of the original letter of credit of $2,979,798. The current letter of credit for the 2nd Addition is in the amount of $325,000. Staff has inspected the work completed to date and recommends Council approve the reduction in the letter of credit to $157,849. This is a reduction to 10% of the original letter of credit of $1,578,491. The Excelsior Group is also requesting a release of the cash escrow for the grading of Phase 2. Phase 2 grading is complete, seeded and mulched and staff recommends Council approve the release of cash escrow in the amount of $167,400. This is a release to 10% of the original amount of cash escrow of $186,000. G.11 Approve Pay Voucher No. 6 for 130th Street Improvement Project The City has received Pay Voucher No. 6 from Dresel Contracting for work done on the 130' Street Improvement Project. Staff has reviewed the pay request and finds it acceptable for the work certified through January 29, 2020. Staff recommends Council approve payment in the amount of $252,376.44 to Dresel Contracting, Inc. G.12 Approve Pay Voucher No. 7 for Water Tower No. 4 Project The City has received Pay Voucher No. 7 from CB&I, LLC, for work done on Water Tower No. 4. Staff has reviewed the pay request and finds it acceptable for work certified through December 19, 2019. Staff recommends Council approve payment in the amount of $76,600.59 CB&I, G.13 Approve Resolution Appointing Election Judges for 2020 Elections Municipalities must, by resolution, appoint election judges 25 days prior to the election. Staff has prepared a resolution appointing judges to work the Presidential Primary on March 3rd, the State Primary on August 1 lth, and the General Election on November 3rd of 2020. Staff recommends Council approve the resolution appointing election judges to work the 2020 elections. G.14 Approve Donation to the Hugo Fire Department from Hugo American Legion The Hugo American Legion Post 620 would like to donate $500 to the Hugo Fire Department. These funds will go toward department training and equipment. Staff recommends Council accept the donation of $500 to the Hugo Fire Department. G.15 Approve Purchase of Asphalt Roller/Compactor The Public Works Department is requesting authorization to replace the existing Wacker asphalt roller/compactor used to assist in filling potholes and road patching. This piece of equipment has been in service for 14 seasons. Staff would like to purchase a Caterpillar CB22B through the Sourcewell Cooperative Contract, which is equivalent to the MnDOT Cooperative Purchasing Venture, to ensure best pricing. Staff has worked with the Finance Department, and the money is included in the 2020 Budget. Staff recommends approval of the purchase of a Caterpillar asphalt roller/compactor in the amount of $43,061.