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Home My WebLink AboutCity Council Resolution 2020-326 C ITY OF P LYMOUTH R ESOLUTION N O. 2020-326 R ESOLUTION A PPROVING P AYMENT N O. 5 AND F INAL FOR THE 2020 M ILL AND O VERLAY P REVENTATIVE M AINTENANCE - S TORM AND S ANITARY S EWER P ROJECT (ST209002) WHEREAS, the City of Plymouth as the owner and Asphalt Surface Technologies Corporation (ASTECH Corp.), as the contractor, have entered into an agreement for the 2020 Mill and Overlay Preventative Maintenance – Storm and Sanitary Sewer Project. Said agreement was approved by the City Council on May 14, 2019; and WHEREAS, the Engineer has certified his acceptance of the work and approval of the final request for payment. NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: 1. That the original contract amount between the owner and the contractor was $1,115,971.50 and the value of the work to date is $742,558.50 and is approved. The final contract amount is $373,413.00, or 33.5% below the contract amount. 2. That the work performed by the contractor for the 2020 Mill and Overlay Preventative Maintenance – Storm and Sanitary Sewer Project and certified to the Council by the engineer as acceptable, being the same, is released from the contract except as to the conditions of the performance bond, any and all legal rights of the owner, required guarantees, and correction of faulty work after final payment. 3. Request for Payment No. 5 and Final in the amount of $37,127.93 to ASTECH Corp. for the 2020 Mill and Overlay Preventative Maintenance – Storm and Sanitary Sewer Project is approved and the Finance Manager is authorized and directed to pay the same forthwith. 4. The total project cost was $779,686.43 which includes the preventative maintenance ($742,558.50) and 5% for design, administration, and inspection ($37,127.93). BE IT FURTHER RESOLVED, that the funding for this project shall come from the Street Reconstruction Fund ($417,422.52) and the Sanitary Sewer Fund ($362,263.91). APPROVED by the City Council on this 8th day of December, 2020.