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REQUEST FOR COQIQCIL ACTION DATE: 1/11/93 <br />ITEM No *: P-;t, <br />Department A oval: Manager Reviewed. Agenda Section: <br />Reports and Recommendations <br />item Description: 'Final contract acceptance of city project <br />P- ST- SS�91�04, Terrace Drive <br />Background* city project PST -S -91 1 <br />Terrace Drive from Lincoln Drive west <br />existing Terrace Drive cul�de� sac* A <br />to Fe 14. Fratta l one Excavating of St. <br />attached construction project council <br />financing and schedule. <br />D4 consists of the construction of <br />across county Ditch No. 4 to the <br />contract for this work was - awarded <br />Paul on September S, 19910 The <br />action form details project <br />Policy objectives: city policy requires a project summary sheet, <br />certification from the City Engineer verifying that all of the work has <br />been completed in accordance with the plans and specifications, and a <br />resolution by the council accepting the project and beginning the one,- <br />year warranty. <br />Financial implications The work performed under this contract was <br />financed through H.S.A. funds, special assessments, utility funds, and <br />Tax Increment Financing as outlined in the feasibility report presented <br />to council on January 29, 19920 <br />Staff recc =endaticni Since all necessary items as outlined in the city <br />policy regarding final contract acceptance have been completed and all <br />work has been completed in accordance with project plans and <br />specifications, staff recommends the council approve a resolution <br />accepting the work completed under city project P- ST- SS�9Iw-04 and <br />authorize final payment in the amount of $17,681.85. The total <br />amount paid for city pro. j ect will be $549,237w82o <br />1 Co M ENDED COUNCIL ACTION: <br />Approval of resolution accepting work completed under city project <br />PST -SS -91-04 and authorizing final payment. <br />