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HomeMy WebLinkAboutCity Council Resolution 2019-011 C ITY OF P LYMOUTH R ESOLUTION N O. 2019-011 R ESOLUTION A PPROVING R EDUCTION IN R ETAINAGE FOR THE T ROY L ANE R ECONSTRUCTION P ROJECT (ST180002) WHEREAS, on June 12, 2018 the City Council awarded the contract for the Troy Lane Reconstruction Project to GMH Asphalt Corporation; and WHEREAS, the contractor has completed the work on the project with only minor punch list items remaining; and WHEREAS, the contractor requested that retainage be reduced to 1%; and WHEREAS, retainage in the amount of 1% is sufficient to complete any remaining work items. NOW, THEREFORE, BE IT HEREBY RESOLVED by the Plymouth City Council of the City of Plymouth, Minnesota that the amount of retainage is reduced to 1% and is approved. APPROVED by the City Council on this 8th day of January, 2019.