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HomeMy WebLinkAboutCity Council Resolution 2023-281 C ITY OF P LYMOUTH R ESOLUTION N O. 2023-281 R ESOLUTION A PPROVING F INAL C LOSEOUT FOR THE 2020 S TREET R ECONSTRUCTION P ROJECT (ST209001) 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 Street Reconstruction 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 $9,272,150.81 and the revised contract amount was $9,279,940.74. At project completion the final contract amount is $9,120,122.78, or 2% under the revised contract amount. 2. That the work performed by the contractor for the 2020 Street Reconstruction 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 $10,651,297.30, which includes the improvements ($9,190,216.78), engineering and administration ($1,378,532.52), and easement acquisition ($82,548). BE IT FURTHER RESOLVED: 1. The original funding for this project was from the Street Reconstruction Fund ($6,265,713.67), special assessments ($2,085,380.61), Water Fund ($2,526,440.18), Three Rivers Parks District ($200,000), Water Resources Fund ($50,000), Sewer Fund ($218,278.05), and Parks Replacement Fund ($51,338.30). 2. That the funding for this project would be from the Street Reconstruction Fund ($5,743,093.27), special assessments ($2,178,747.81), Water Fund ($2,317,681.12), Three Rivers Parks District ($200,000), Water Resources Fund ($50,000), Sewer Fund ($110,436.80), and Parks Replacement Fund ($51,338.30). APPROVED by the City Council on this 14th day of November, 2023.