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HomeMy WebLinkAboutCity Council Resolution 2016-197 C ITY OF P LYMOUTH R ESOLUTION N O. 2016-197 R ESOLUTION A PPROVING R EQUEST FOR P AYMENT N O. 3 AND F INAL 2016 M ILL AND O VERLAY P ROJECT (15002.1) WHEREAS, the City of Plymouth as the owner and GMH Asphalt Corporation as the contractor, have entered into an agreement for the 2015 Mill and Overlay Project, said agreement was approved by the City Council on May 26, 2015; 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 $1,279,677.71 and that the value of the work to date is $1,294,387.71 and is herewith approved. The final contract amount is $14,710.00 or 1.1% above the original contract amount. 2. That the work performed by the contractor for the 2015 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 $64,719.39 to GMH Asphalt Corporation for the 2015 Mill and Overlay Project is hereby approved and the Administrative Services Director is hereby authorized and directed to pay the same forthwith. 4. Funding for this project will be from the following sources: assessments in the amount of $1,299,034.13, the Street Reconstruction Fund in the amount of $462,372.14, the Water Fund in the amount of $455,295.10, the Water Resources Fund in the amount of $253,005.90, the Sewer Fund in the amount of $204,834.45, and the Street Maintenance Budget in the amount of $30,000.00. APPROVED by the City Council on this 14th day of June, 2016.