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HomeMy WebLinkAboutCity Council Resolution 2006-493CITY OF PLYMOUTH RESOLUTION NO. 2006-493 REQUEST FOR PAYMENT NO. 2 AND FINAL 2006 TEMPORARY OVERLAY PROJECT — PHASE 2 CITY PROJECT NO. 6134 WHEREAS, the City of Plymouth as owner and FPI Paving Contractors, Inc. as contractor, have entered into an agreement for the 2006 Temporary Overlay Project, City Project No. 6134, said agreement was approved by the City Council on August 22, 2006; and WHEREAS, the Engineer has certified his acceptance of the work and his approval of the final request for payment. NOW, THEREFORE BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: • That the original contract amount was $113,628.60 and the value of the work to date is $133,466.25 and is herewith approved. This project is over the original contract amount by 17%. • That the work performed by the contractor for the 2006 Temporary Overlay Project - Phase 2 and certified to the Council by the Engineer as acceptable, being the same, is hereby 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. • Request for Payment No. 2 and Final in the amount of $26,358.98 to FPI Paving Contractors, Inc. for the 2006 Temporary Overlay Project -Phase 2 is hereby approved and the City Finance Director is hereby authorized and directed to pay the same forthwith. Funding will be from: • 2006 Seal Coating Budget, $131,096.85 • Reimbursements received from Nathan Lane property owners, $2,531.75 Adopted by the City Council on December 12, 2006.