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G.7 Approve Payment Voucher No. 3 for the 2021 Downtown Improvement/Lions Park <br />Project <br /> <br />Peterson Companies, Inc. has submitted Pay Voucher No. 3 in the amount of $964,896.62 for <br />work certified through September 30, 2021, on the 2021 Downtown Improvement/Lions Park <br />Project. Concrete curb and gutter and paving in Phase 1 and concrete curb and gutter in Phase 2 <br />of the street portion of the project has been completed. Work is ongoing within Lions Park <br />including finishing both parking lots, playground work and lighting installs. Staff recommends <br />Council approve payment to Peterson Companies, Inc. in the amount of $964,896.62. <br /> <br />G.8 Approve Pay Request No.5 to Ebert Construction for Public Works Salt and Materials <br />Storage Project <br /> <br />Ebert Construction has submitted pay request No. 5 for payment for the City of Hugo Public <br />Works Salt and Materials Storage project in the amount of $57,963.68. The quantities completed <br />to date have been reviewed and agreed upon by the architect, contractor and City staff. The <br />amount indicated above reflects the work certified through October of 2021, with a 5% retainage <br />applied. Total retainage being held for the project to date is $28,666.75. Staff recommends the <br />City Council approve payment request No. 5 in the amount of $57,963.68 to Ebert Construction. <br /> <br />G.9 Approve Pay Request No. 13 to Ebert Construction for the Public Works Facility <br />Project <br /> <br />Ebert Construction has submitted pay request No. 13 for payment for the City of Hugo Public <br />Works Facility project in the amount of $1,232,216.33. The quantities completed to date have <br />been reviewed and agreed upon by the architect, contractor and City staff. The amount indicated <br />above reflects the work certified through October of 2021, with a 5% retainage applied. Total <br />retainage being held for the project to date is $371,244.94. Staff recommends the City Council <br />approve payment request No. 13 in the amount of $1,232,216.33 to Ebert Construction. <br /> <br />G.10 Approve Reduction in Cash Escrow for Hugo Gardens <br /> <br />The Hugo Gardens Project has had grading and utility work completed to date and the Hugo <br />Garden Apartments, LLC. is requesting a reduction in the Cash Escrow. The current amount of <br />cash escrow for the Hugo Gardens Project is in the amount of $1,338,696.47. Staff has inspected <br />the work completed to date and recommends Council approve the reduction in cash escrow to <br />$1,319,095.12 based on the value of work remaining to be completed. <br /> <br />G.11 Approve Reduction in the Letter of Credit for Oneka Place 5th <br /> <br />Oneka Place 5th Addition has had significant work completed to date, and the developer is <br />requesting a reduction in the letter of credit. The current letter of credit is in the amount of <br />$527,233. Staff has inspected the work completed to date and recommends reducing the letter of <br />credit by $426,958 based on the value of the work remaining to be completed. The remaining <br />value of the letter of credit will be in the amount of $100,275. Staff recommends Council <br />approve the reduction in letter of credit for Oneka Place 5th Addition. <br />