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Shakopee City Council
August 16, 2022
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| | | | | | | | | FROM: | Kirby Templin, Water Resources/Environmental Engineer | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Ridge Creek Park Project Closeout | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2022-110, accepting work on the Ridge Creek Park and PLOC Improvements Project, PR-19-001, and authorize final payment in the amount of $49,466.58 to Frattalone Companies. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2022-110. | | |
| | | | | | | | Discussion:
On November 17, 2020, City Council adopted Resolution R2020-135 accepting the bids and awarding the contract for the Ridge Creek and PLOC Improvements Project to Frattalone Companies, of St. Paul, Minnesota.
All of the improvements have been constructed in accordance with the contract documents. Attached is the Certificate of Completion showing the original contract amount of $3,166,321.22 with actual final contract costs of $3,387,075.64. All required project documentation has been received and is compliant. The project will be closed out upon issuance of final payment to Frattalone Companies, in the amount of $49,466.58. | | |
| | | | | | | | Budget Impact:
The total final project amount is $3,946,337.53. This project is funded by the Park Development Fund, Storm Sewer Drainage Fund, Tree Replacement Fund, Cost Share with the Prior Lake Outlet Channel Cooperators, Lower Minnesota River Watershed District, Minnesota Board of Water and Soil Resource Watershed Based Funding Grant and Minnesota Department of Natural Resources Outdoor Recreation Grant. The following table provides a summary of the costs and funding comparing the estimated amounts based on bid award versus the final actual amounts.
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ESTIMATE BASED
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ON BID AWARD
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FINAL COSTS
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COSTS
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Construction Cost (Contract)
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$3,166,321.22
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$3,180,064.23
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Change/Work Orders (Contingency)
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$207,011.41
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$207,011.41
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Subtotal (final Contract Amount)
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$3,373,332.63
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$3,387,075.64
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Other Contingency
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$112,988.59
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$14,586.00
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Subtotal
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$3,486,321.22
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$3,401,661.64
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Eng/Admin/Legal
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$525,000.00
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$544,675.89
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Total Project Cost
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$4,011,321.22
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$3,946,337.53
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FUNDING
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Cost Sharing
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$210,000.00
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$210,000.00
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Grants
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$320,000.00
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$320,000.00
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Park Development Fund
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$2,488,390.69
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$2,438,372.56
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Storm Drainage Fund
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$942,930.53
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$923,118.97
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Tree Replacement Fund
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$50,000.00
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$54,846.00
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Total Funding
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$4,011,321.22
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$3,946,337.53
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