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HomeMy WebLinkAboutCity Council Resolution 2021-172 C ITY OF P LYMOUTH R ESOLUTION N O. 2021-172 R ESOLUTION A PPROVING P AYMENT N O. 5 AND F INAL FOR THE D UNKIRK L ANE S TREET AND U TILITY I MPROVEMENTS C ITY P ROJECT N O. 13015 WHEREAS, the City of Plymouth as the owner and New Look Contracting as the contractor, have entered into an agreement for the Dunkirk Lane Street and Utility Improvements. Said agreement was approved by the City Council on February 25, 2014; and WHEREAS, the Engineer has certified his acceptance of the work 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 $1,267,798.60 and the value of the work to date is $1,294,356.75 and is approved. The final contract amount is $26,558.15, or 2.1% above the revised contract amount. 2. That the work performed by the contractor for the Dunkirk Lane Street and Utility Improvements 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 $72,912.33 to New Look Contracting for the Dunkirk Lane Street and Utility Improvements is approved and the Finance Manager is authorized and directed to pay the same forthwith. 4. The total project cost was $1,492,347.41 which includes the street and utility construction ($1,298,193.90) and 15% for design and administration ($194,153.51). BE IT FURTHER RESOLVED, that funding for this project shall come from Special Assessments ($1,143,649.41), Municipal State Aid Fund ($244,340.79), Street Reconstruction Fund ($8,625.78) and Utility Trunk System Expansion Fund ($95,731.43). APPROVED by the City Council on this 22nd day of June, 2021.