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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 Reconstruction Project | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2022-049, accepting work on the 12th Avenue Reconstruction Project CIF-19-004, and authorizing final payment of $203,867.34 to S.M. Hentges & Sons. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2022-049. | | |
| | | | | | | | Discussion:
On May 7, 2019, City Council awarded a contract for the 12th Avenue Reconstruction Project to S.M. Hentges & Sons.
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 $2,869,489.38 with final contract amount of $2,800,588.73. All required project documentation has been received and is compliant. The project will be closed out upon issuance of final payment to S.M. Hentges & Sons in the amount of $203,867.34. | | |
| | | | | | | | Budget Impact:
The total final project amount is $3,756,958.81. The project is funded by the Canterbury Commons Development Tax Increment Funding and by Shakopee Public Utilities. The following table provides a summary of the costs and funding comparing the estimated amount based on bid award versus the final actual amounts.
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Estimate Based
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Final Project
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On Bid Award
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Costs
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COSTS
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Construction Cost
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$ 2,869,489.38
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$ 2,866,531.98
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Contingency
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$ 143,000.00
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$ 117,336.40
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Subtotal
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$ 3,012,489.38
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$ 2,983,868.38
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Easements
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$ 100,000.00
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$ 63,776.44
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Eng/Admin/Legal
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$ 712,000.00
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$ 709,313.99
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Total Estimated Project Cost
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$ 3,824,489.38
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$ 3,756,958.81
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FUNDING
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Canterbury Commons TIF
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$ 3,824,489.38
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$ 3,750,236.41
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Shakopee Public Utilities
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$ 0.00
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$ 6,722.40
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Total Funding
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$ 3,824,489.38
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$ 3,756,958.81
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The final contingency amount covered the costs of the 12th Avenue street light system, which wasn't included in the project estimate at time of award, and costs associated with a temporary traffic signal for detoured traffic around Canterbury Park during the closure of 12th Avenue. | | |
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