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• A project summary sheet detailing costs and schedule. <br /> • Certification from the City Engineer verifying that all of the work has been completed in <br /> accordance with plans and specifications. <br /> • A resolution by the City Council accepting the contract and beginning the one-year warranty. <br /> Financial implications: The work performed on this contract was part of the 1999 Pavement <br /> Management Program. The cost of this contract has been financed as outlined in the feasibility <br /> report approved by the City Council on January 25, 1999. <br /> The final contract amount, $1,716,541 .00 is $249,705.8 1 greater than the awarded amount of <br /> $1,465,935.19. This represents an overrun of approximately 17%. 2% of the overrun is due to <br /> change orders, 10%is from additional private driveway and sewer work, and 5%is from quantity <br /> overruns. <br /> Staff recommendation: All necessary items have been completed in accordance with project <br /> plans and specifications. Since all items have been completed as outlined in the policy regarding <br /> final contract acceptance,staff recommends the City Council approve a resolution accepting the <br /> work completed under 1999 Contract A and authorizing final payment of$178,314.18. The total <br /> amount paid for 1999 Contract A is$1,716,641.00. <br /> RECOMMENDED COUNCIL ACTION: <br /> Approval of a resolution accepting the work completed under 1999 Contract A as outlined above, <br /> starting the one-year warranty and authorizing final payment of$178,3 14.18. <br /> Prepared by: Debra Bloom <br />