| | | | | | | | 
Shakopee City Council
August 16, 2022
|
| | | | | | | | | FROM: | Kirby Templin, Water Resources/Environmental Engineer | | TO: | Mayor and Council Members |
| | | |
| | | | | | | | Subject:
Final Contract Payment for the 7th Avenue West and 6th Avenue East Alley Improvements Project | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2022-109, accepting work on the 7th Avenue West and 6th Avenue East Alley Improvements Project Storm-20-002, and authorizing final payment of $1,602.17 to Link Excavating, Inc. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2022-109. | | |
| | | | | | | | Discussion:
On February 15, 2022, City Council adopted Resolution R2022-024 accepting the bids and awarding the contract for the 7th Avenue West and 6th Avenue East Alley Improvements project to Link Excavating, Inc., of Jordan, 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 $153,962.02 with actual final costs of $160,216.32. All required project documentation has been received and is compliant. Final payment to Link Excavating, Inc., in the amount of $1,602.17 will be issued once approved.
| | |
| | | | | | | | Budget Impact:
The total estimated final project amount is $211,857.21. This project is funded by the Storm Drainage Fund. The following table provides a summary of the costs and funding amounts comparing the estimated bid award budget versus the final project costs:
|
|
ESTIMATE BASED
|
BASED ON
|
|
|
ON BID AWARD
|
FINAL COSTS
|
|
COSTS
|
|
|
|
Construction Cost
|
$153,962.02
|
$160,216.32
|
|
Contingency
|
$18,500.00
|
$1,500.00
|
|
Subtotal
|
$172,462.02
|
$161,716.32
|
|
|
|
|
|
Eng/Admin/Legal
|
$50,000.00
|
$50,140.89
|
|
Total Estimated Project Cost
|
$222,462.02
|
$211,857.21
|
|
|
|
|
|
FUNDING
|
|
|
|
Storm Drainage Fund
|
$222,462.02
|
$211,857.21
|
|
Total Funding
|
$222,462.02
|
$211,857.21
|
| | |
|