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HomeMy WebLinkAboutCity Council Resolution 2021-049 C ITY OF P LYMOUTH R ESOLUTION N O. 2021-049 R ESOLUTION A PPROVING P AYMENT N O. 3 AND F INAL FOR THE 2020 M ILL AND O VERLAY P ROJECT (ST209002) WHEREAS, the City of Plymouth as the owner and S.M. Hentges & Sons, Inc., as the contractor, have entered into an agreement for the 2020 Mill and Overlay Project. Said agreement was approved by the City Council on March 24, 2020; and WHEREAS, the City Engineer has certified his acceptance of the work and his approval of the request for final 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 $747,079.98 and the value of the work to date is $726,456.85 and is approved. The final contract amount is $20,623.13, or 2.8% below the contract amount. 2. That the work performed by the contractor for the 2020 Mill and Overlay 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. 3 and Final in the amount of $47,697.88 to S.M. Hentges & Sons, Inc. for the 2020 Mill and Overlay Project is approved and the Finance Manager is authorized and directed to pay the same forthwith. 4. The total project cost is $1,130,985.10 which includes the mill and overlay in the amount of $709,258.08, design, administration, and inspection in the amount of $124,555.51, and $297,171.51 in preventative maintenance. BE IT FURTHER RESOLVED, that the funding for this project would be from special assessments ($278,864.13), Street Reconstruction Fund ($655,368.01), Water Fund ($60,018.75), Sewer Fund ($43,260.00), Water Resources Fund ($25,000.00), and Parks ($68,474.21). The appropriate funds will be transferred for 2020 year end. APPROVED by the City Council on this 9th day of February, 2021.