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REQUEST FOR COUNCIL ACTION DATE: 11/18/02 ITEM NO.: XI. F. Department Approval: ~ Manager Reviewed: Agenda Section: Consent -~ J3a:t5 Item Description: Final contract acceptance of2001 Contract A, Background: 2001 Contract A was awarded to T. A. Schifsky and Sons of North St. Paul, Minnesota on May 14,2001. The road reconstruction, rehabilitation, and pathway were constructed during the summer of 200 1. All final punch list items have been completed, and the contractor has requested final payment. City Proiects included in 2001 Contract A: P-ST-SW-Ol-lO Neighborhood 15 Josephine Road, Hamline Avenue to Lexington Avenue P-OI-04 Mill & Overlay Neighborhood l7 Neighborhood 41 Aglen Street, Woodhill Ave to County Road C2 Grandview A venue, Cul-de-sac to Rice Street Matilda Street, Cul-de-sac to County Road B2 Woodbridge Street, Rice Street to Grandview Woodbridge Circle, Minnesota to Cul-de-sac Policy objectives: City policy requires that the following items be completed to finalize a construction contract: · Certification from the City Engineer verifying that all of the work has been completed in accordance with plans and specifications. . A resolution by the City Council accepting the contract and beginning the one-year warranty. Financial implications: Josephine Road was a Ramsey County Turnback road that was added to our Municipal State Aid roadway system in 1995. The contract financing as proposed in the feasibility report approved by the City Council on February 21,2001, was modified by the adoption of the new City Assessment Policy on July 18, 2002. Please see attached financing summary for details. The 2001 Mill and Overlay projects were financed using City infrastructure funds. The final contract amount, $729,926.50 is $53,426.00 greater than the awarded amount of$676,500.50. This represents an increase in contract of approximately 8%. 5% of this is due to private driveway work paid for by property owners, and 3% is from quantity overruns.