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DATE: September 24, 2018 <br /> <br />TO: Honorable Mayor and City Councilmembers <br />Dave Perrault, City Administrator <br /> <br />FROM: Sue Polka, Public Works Director/City Engineer <br /> <br />SUBJECT: 0.5 MG Water Tower Rehabilitation - Payments No. 5 and 6 <br /> <br /> Budgeted Amount: Actual Amount: Funding Sources: <br /> $900,000 $519,800 Water Utility Fund <br /> <br />Council Should Consider <br /> <br />Approve Payments No. 5 and 6 to Osseo Construction Co., LLC, in the amount of $84,360.00 <br />and $69,929.50, respectively for the 0.5 MG Water Tower Rehabilitation project. <br /> <br /> <br />Background/Discussion <br /> <br />The City Council awarded the 0.5 MG Water Tower Rehabilitation project to Osseo <br />Construction Co., LLC, on June 26, 2017, in the amount of $519,800.00. <br /> <br />The water tower rehabilitation is underway and is approximately 90% completed. Five percent <br />is being withheld from the work completed in accordance with the contract documents. The <br />Council approved the first four payment requests in the amount of $385,130.00. Payments No. 5 <br />and 6 in the total amount of $154,289.50 are recommended for approval by the project engineer. <br /> <br />Staff recommends Council approve Payments No. 5 and 6. <br /> <br /> <br />Attachments <br /> <br />Attachment A: Application for Payment No. 5 and 6 <br /> <br />CONSENT ITEM – 6F <br /> <br /> MEMORANDUM <br />