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Shakopee City Council
April 5, 2022
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| | | | | | | | | FROM: | Ryan Halverson, Assistant City Engineer | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Final Contract Payment for the 12th Avenue Trail Project | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2022-048, accepting work on the 12th Avenue Trail Project CIF-20-003, and authorizing final payment of $8,177.86 to Rosti Construction Company. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2022-048. | | |
| | | | | | | | Discussion:
On April 7, 2020, City Council awarded a contract for the 12th Avenue Trail Project to Rosti Construction Company.
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 $839,376.20 with actual final costs of $817,785.29. All required project documentation has been received and is compliant. The project will be closed out upon issuance of final payment to Rosti Construction Company in the amount of $8,177.86. | | |
| | | | | | | | Budget Impact:
The total final project amount is $1,218,516.40. The project is funded by the Capital Improvement Fund, Municipal State Aid Construction Funds, DNR grant money and Shakopee Public Utilities. The following table provides a summary of the costs and funding comparing the estimated amount based on bid award versus the final actual amount.
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Based On Bid Award
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Based on Final Project Costs
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COSTS
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Construction Cost
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$ 839,376.20
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$ 817,785.29
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Contingency
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$ 40,000.00
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$ 16,767.76
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Subtotal
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$ 879,376.20
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$ 834,553.05
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Easement Acquisition
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$ 242,000.00
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$ 245,015.14
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Eng/Admin/Legal
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$ 140,000.00
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$ 138,948.21
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Total Estimated Project Cost
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$ 1,261,376.20
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$ 1,218,516.40
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FUNDING
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Capital Improvements Fund
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$ 240,000.00
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$ 240,000.00
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Municipal State Aid
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$ 793,376.20
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$ 780,366.40
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Grant
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$ 150,000.00
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$ 150,000.00
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Shakopee Public Utilities
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$ 78,000.00
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$ 48,150.00
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Total Funding
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$ 1,261,376.20
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$ 1,218,516.40
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