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Page 1 of 1 <br /> <br />CONSENT ITEM – 8P <br /> <br />MEMORANDUM <br /> DATE: December 11, 2023 <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> Dave Perrault, City Administrator <br /> <br />FROM: Lucas J. Miller, Assistant Public Works Director <br /> <br />SUBJECT: Arden Oaks Street Improvements Project – Paym ent No. 3 & Final Closeout <br /> <br /> Budgeted Amount: Actual Amount: Funding Source: <br /> $583,000 $530,766.95 PIR, Special Assessments, <br /> Utility Funds <br /> Council Should Consider <br /> Motions to approve, table, or deny the following: <br /> <br />• Payment No. 3 and Final Closeout for the Arden Oaks Street Improvements Project to <br />ASTECH Corporation in the amount of $21,668.35. <br /> <br />Background/Discussion <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 Arden Oaks Street Improvements Project is complete and ready for Final Payment and <br />Closeout. Payment No. 3 is in the amount of $21,668.35. TKDA has provided a recommendation <br />to accept Payment No. 3 along with final closeout documents (Attachment A). Staff <br />recommends that Council approve Payment No. 3 and Final Closeout. <br /> <br />Budget Impact <br /> Final Contract Amount $ 433,366.95 <br /> <br /> Engineering Design $ 55,300.00 <br /> Construction Mgmt. $ 27,100.00 <br /> Material Testing $ 15,000.00 <br /> $ 530,766.95 <br />Attachments <br /> <br />Attachment A: TKDA Letter of Recommendation, Pay Request No. 3 with Final Closeout docs <br /> <br />