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HomeMy WebLinkAboutCity Council Resolution 2005-057CITY OF PLYMOUTH RESOLUTION NO. 2005-057 REQUEST FOR PAYMENT NO. 10 AND FINAL SCHMIDT LAKE ROAD BRIDGE & STREET IMPROVEMENTS PROJECT CITY PROJECT NO. 2021 WHEREAS, the City of Plymouth as owner and Lunda Constriction Company, as contractor, have entered into an agreement for Schmidt Lake Road Bridge and Street Improvements Project, City Project No. 2021, said agreement being dated January 27, 2003; 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: 1. That the original contract amount was $2,332,663.40. The value of the work to date is $2,250,886.02 and is herewith approved. The final value of work completed is less than the contract amount, by $81,777.38. 2. That the work performed by the contractor for Schmidt Lake Road Bridge and Street Improvements Project 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. 3. Request for Payment No. 10 and Final in the amount of $5,000 to Lunda Constriction Company for Schmidt Lake Road Bridge and Street Improvements Project is hereby approved and the City Finance Director is hereby authorized and directed to pay the same forthwith. Adopted by the City Council on February 22, 2005.