Adopt Resolution 2019R-026 accepting work on Phase 1 and Phase 2 of the Vierling Drive Project, and issuing final payment for Phase 2 in the amount of $2,093.95 to Eureka Construction, Inc.

Approval of Resolution R2019-026.

All work for the Vierling Drive Phase 1 and  Phase 2 street and utility project (CIF-18-007) has been completed in accordance with the contract documents. Phase 1 consisting of the watermain and sanitary sewer utility work was completed in the fall of 2017. Phase 2 consisting of the storm sewer, street lighting, roadway and streetscaping was completed in 2018. 

Attached are certificates of completion for each phase. The original Phase 1 contract amount was $321,712.50 with actual final costs of $295,892.75; and the original Phase 2 contract amount was $1,759,901.32 with actual final costs of $2,093,951.53. All required project documentation has been received and is compliant. Final payment for Phase 1 was issued to the contractor in 2018. The project will be closed out upon issuance of final payment to the Phase 2 contractor (Eureka Construction, Inc.) in the amount of $2,093.95.

The total final project amount is $2,796,840.01 (see attached Cost summary). This project is funded by the Capital Improvement Fund (CIF), Tree Fund, Shakopee Public Utilities Water Fund, and the EDA as indicated in the attached Funding Summary.