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HomeMy WebLinkAboutCity Council Resolution 2015-010CITY OF PLYMOUTH RESOLUTION No. 2015-010 A RESOLUTION TO REQUEST FOR PAYMENT N0. 3 AND FINAL FOR THE KINGSVIEW HEIGHTS EDGE MILL AND OVERLAY PROJECT (12002) WHEREAS, the City of Plymouth as owner and Knife River Corp. as contractor, have entered into an agreement for the Kingsview Heights Edge Mill and Overlay Project, City Project No. 12002, said agreement was approved by the City Council on July 24, 2012; 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 $1,099,200.51, revised contract amount of $1,271,960.35 and the value of the work to date is $1,290,782.17 and is herewith approved. 2. That the work performed by the contractor for the Kingsview Heights Edge Mill and Overlay 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. 3 and Final in the amount of $64,539.11 to Knife River Corp. for the Kingsview Heights Edge Mill and Overlay Project is hereby approved and the City's Administrative Services Director is hereby authorized and directed to pay the same forthwith. Funding for this project would come from the Water Fund ($171,106.24), Sewer Fund ($179,200.99), Water Resources Fund ($116,257.34), Street Replacement Fund ($924,476.14), Street Maintenance budget ($4,605.63), and assessments (1,013,039.00). APPROVED this 13th day of January, 2015.