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Page 1 of 2 <br /> <br />CONSENT ITEM – 6C <br /> <br />MEMORANDUM <br /> <br />DATE: September 12, 2022 <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> Dave Perrault, City Administrator <br /> <br />FROM: David Swearingen, P.E. Public Works Director / City Engineer <br /> <br />SUBJECT: Arden Oaks Street Improvements Project – Payment No. 1 <br /> <br /> Budgeted Amount: Actual Amount: Funding Source: <br /> $583,000 $660,879.68 PIR, Special Assessments, <br /> Utility Funds <br /> <br />Council Should Consider <br /> <br />Motions to approve, table, or deny the following: <br /> <br />• Payment No. 1 for the Arden Oaks Street Improvements Project to ASTECH <br />Corporation in the amount of $318,420.05. <br /> <br />All items need a simple majority for action unless otherwise noted. <br /> <br />Background/Discussion <br /> <br />On April 25, 2022, City Council approved Resolution 2022-024 Awarding the Arden Oaks Street <br />Improvements construction contract to ASTECH Corporation. <br /> <br />The project is approximately 65% complete. The draintile and casting improvements have been <br />installed and contractor has finished all concrete work and the first lift of bituminous. Five <br />percent is being withheld from the work completed in accordance with the contract documents. <br />Payment No. 1 is in the amount of $318,420.05. TKDA has provided a recommendation to <br />accept Payment No. 1 (Attachment A). Staff recommends that Council approve Payment No. 1. <br /> <br /> <br /> <br /> <br /> <br /> <br />