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Page 2 <br /> 1997 Contract B <br /> 4/13/98 <br /> • requires that the following items be completed to finalize a <br /> ���1����� �����. City�]����� � <br /> construction contract: <br /> � Ai project summmy sheet detailing costs and schedule. <br /> Certification Engineer ve to that all of the cork has been completed in <br /> from the City <br /> accordance with plans and specifications. <br /> resolution by <br /> the City Council accepting the contract and beginning the one-yeas' <br /> warranty. <br /> implications: The work performed on this contract was part of the 1997 Pavement <br /> Financial �Iri��i���i�IY�. � <br /> Management Program. The cos � <br /> t of this contract will he financed as outlined in the feasibility <br /> pp <br /> report approved by the City Council on January 27, 1997. <br /> P <br /> his project There were change orders tot p � g $16,073.21. The change orders covered costs <br /> associated with additional storm sewer work and the removal of the Central Park arboretum <br /> portion of the project. <br /> 043.7 is 164,052.78 greater than the awarded amount of <br /> The� contract a�n�un#, 1,� . <br /> an overrun of approximately 18%. of the 1 64,052.78, $58,000 is <br /> 0 , 90,��. This represents �� . . <br /> • directly b roe owners and 2000 's due to additional <br /> due to private cork that is funded y y property� <br /> overly project and Dale Street. The <br /> work on the Terrace Drive nil and Y 'ect between County road F � <br /> involved removal of the cul-de-sac near County Road and <br /> additional work on Terrace Drive <br /> complete removal of the roadway i <br /> surface instead of milling. This will result in a better roadway in <br /> the long ruin. <br /> Construction Highway 3 resulted in an excess cost of 5,000. Staffs intent <br /> of the berms along gh Y . <br /> . , cost, This was based on the fact that the berm site offered <br /> was to construct the buns at nunimal <br /> excess material, The cost in this case would have been included <br /> as the contractor a location to place exc i <br /> � . <br /> In reviewin the contractor's bids, there was very little cost savings. <br /> part of the project costs. g <br /> This year, staff has changed the approach to constructing the herons which will greatly reduce or <br /> • Contract it is proposed to fund the cost of building the berms <br /> elinnnate the costs. For 199 � � � <br /> with the contingency fund. <br /> M excess of 5% of the original contract amount be <br /> Current City policy requires that cos t overruns <br /> approved by the council. Not including the amount financed directly by property owners, the <br /> overmns total approximately$106.5,000 (12%). <br /> Of ' ' 402.75 is aid directly by property owners for private driveways <br /> the� contract amount, P <br /> ' airs 5o 794.39 is a <br /> and sanitary sever service � ppropriated to sewer and water funds for sewer <br /> • 4.89 is appropriated to storm utility for installation and repairs, <br /> and waterrna�n repairs, and 3�,�� <br />