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13 FINANCIAL IMPACTS <br />14 The final contract amount, $2,284,872.40, is $251,337.59 less than the awarded amount of <br />15 $2,536,209.99. This represents a decrease in the contract of 9 %. The cost decrease is the result <br />16 of the actual quantities being less than the estimated. This project was financed using Municipal <br />17 State Aid funds, assessments, utility funds, and street infrastructure funds. <br />18 STAFF RECOMMENDATION <br />19 The work that was completed was in accordance with project plans and specifications, staff <br />20 recommends the City Council approve a resolution accepting the work completed as the 2009 <br />21 Contract B and authorize final payment of $114,243.62. <br />22 REQUESTED COUNCIL ACTION <br />23 Approve the resolution accepting the work completed as 2009 Contract B, starting the one -year <br />24 warranty and authorizing final payment of $114,243.62. <br />Prepared by: Debra Bloom, City Engineer <br />Attachments: A: Resolution <br />B: Certification from City Engineer <br />Page 2 of 2 <br />