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HomeMy WebLinkAboutCity Council Resolution 2024-016 C ITY OF P LYMOUTH R ESOLUTION N O. 2024-016 R ESOLUTION A PPROVING F INAL C LOSEOUT FOR THE F OUR S EASONS M ALL D EMOLITION (ST-23-0007) WHEREAS, the City of Plymouth as the owner, and Rachel Contracting, LLC as the contractor, have entered into an agreement for the Four Seasons Mall Demolition and said agreement was approved by the City Council on October 25, 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 $849,390.00 and the final contract amount is $867,112.50. 2. That the work performed by the contractor for the Four Seasons Mall Demolition 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 $955,209.13 which includes the improvements ($867,112.50) and engineering and administration ($88,096.60). BE IT FURTHER RESOLVED: 1. Original funding for the project was from the Transit Fund reserves fund ($1,061,737,50). 2. The funding for the project will be from the Transit Fund reserves fund ($955,209.13). APPROVED by the City Council on this 9th day of January, 2024.