HomeMy WebLinkAboutCity Council Resolution 2021-341
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-341
R ESOLUTION A PPROVING P AYMENT N O. 5 AND F INAL FOR THE
P EONY L ANE/S CHMIDT L AKE R OAD A REA T RAFFIC I MPROVEMENT P ROJECT (ST200004)
WHEREAS, the City of Plymouth as the owner, and Peterson Companies as the contractor, have
entered into an agreement for the Peony Lane/Schmidt Lake Road Area Traffic Improvement Project.
Said agreement was approved by the City Council on May 26, 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 $712,799.48 and
the value of the work to date is $731,801.55 and is approved. The final contract amount is
$19,002.07, or 2.7% above the revised contract amount.
2. That the work performed by the contractor for the Peony Lane/Schmidt Lake Road Area Traffic
Improvement 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 $39,191.14 to Peterson Companies for
the Peony Lane/Schmidt Lake Road Area Traffic Improvement Project is approved and the
Finance Manager is authorized and directed to pay the same forthwith.
4. The total project cost is $915,957.45, which included the contracted improvements
($731,801.55), product pre-procurement ($5,910.00) and engineering, inspection, and
administration ($178,245.90).
BE IT FURTHER RESOLVED, that the funding for this project would be from the Street
Reconstruction Fund ($459,956.21) and the Wayzata School District ($456,001.24).
APPROVED by the City Council on this 14th day of December, 2021.