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� • Manson Street at Stanbridge Street <br />.. POLICY OBJECTIVE <br />_- City policy requires that the following items be completed to finalize a construction contract: <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 <br />� warranty. <br />�� FINANCIAL IMPACTS <br />- The final contract amount, $1,928,256.96, is $437,131.24 less than the awarded amount of <br />$2,365,388.20. The cost decrease is the result of actual contract quantities being less than <br />�- estimated, lower cost stormwater underground systems, and the removal of a stormwater repair <br />at Dale Street and County Road B which will be moved to a future project. <br />This project was iinanced using Municipal State Aid funds, utility funds, and street infrastructure <br />�. funds. <br />. STAFF RECOMMENDATION <br />f; The work that was completed was in accordance with project plans and specifications. Staff <br />recommends the City Council approve a resolution accepting the work completed as the 2014 <br />Pavement Management Project and authorize final payment of $40,372.93. <br />REQUESTED COUNCIL ACTION <br />��� Motion to approve the resolution accepting the wark completed as 2014 Pavement Management <br />Project, starting the one-year warranty and autharizing final payment of $40,372.93. <br />Prepared by: Marc Culver, Public Works Director <br />Attachments: A: Resolution <br />B: Certification from City Engineer <br />Page 2 of 2 <br />