HomeMy WebLinkAboutCity Council Resolution 2023-017
C ITY OF P LYMOUTH
R ESOLUTION N O. 2023-017
R ESOLUTION A PPROVING F INAL C LOSEOUT FOR THE
C OMSTOCK L ANE AND S CHMIDT L AKE R OAD I NTERSECTION I MPROVEMENTS (ST220002)
WHEREAS, the City of Plymouth as the owner, and Valley Paving, Inc. as the contractor, have
entered into an agreement for the Comstock Lane and Schmidt Lake Road Intersection Improvements.
Said agreement was approved by the City Council on June 28, 2022; 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 $449,857.79
and the final contract amount is $427,333.25, or 5% under the original contract amount.
2. That the work performed by the contractor for the Comstock Lane and Schmidt Lake Road
Intersection 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. The total project cost is $545,282.34, which includes the improvements ($441,026.25) and
engineering and administration ($104,256.09).
BE IT FURTHER RESOLVED:
1. The original funding for this project was from the Street Reconstruction Fund ($233,778.59)
and Developer Reimbursement ($337,221.41).
2. That the funding for this project would be from the Street Reconstruction Fund
($209,589.63) and Developer Reimbursement ($335,692.71).
APPROVED by the City Council on this 10th day of January, 2023.