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Shakopee City Council
May 2, 2023
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| | | | | | | | | FROM: | Alexander Enyi, Senior Engineering Technician | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Final Contract Payment for the Unbridled Avenue Project | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution R2023-058, accepting work on the Unbridled Avenue Project (CIF-20-014, Project 11), and authorizing final payment of $207,648.20 to Geislinger & Sons Inc. | | |
| | | | | | | | Recommendation:
Adopt Resolution R2023-058. | | |
| | | | | | | | Discussion:
On April 21, 2020, City Council awarded a contract for the Unbridled Avenue Project (CIF-20-014, Project 11) to Geislinger & Sons Inc.
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 $6,212,461.82 with final contract amount of $6,008,192.56. All required project documentation has been received and is compliant. The project will be closed out upon issuance of final payment to Geislinger & Sons Inc. in the amount of $207,648.20. | | |
| | | | | | | | Budget Impact:
The total final project amount is $7,506,279.11. The project is funded by the Canterbury Commons Development Tax Increment Funding and by Scott County. The following table provides a summary of the costs and funding comparing the estimated amount based on bid award versus the final actual amounts.
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Estimate Based
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Final Project
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On Bid Award
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Costs
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COSTS
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Construction Cost
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$ 6,212,461.82
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$ 6,008,192.56
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Contingency
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$ 500,000.00
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$ 208,920.82
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Subtotal
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$ 6,712,461.82
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$ 6,217,113.38
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Easements
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$ 5,000.00
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$ 6,983.00
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Eng/Admin/Legal
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$ 1,169,003.00
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$ 1,282,182.73
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Total Estimated Project Cost
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$ 7,886,464.82
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$ 7,506,279.11
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FUNDING
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Canterbury Commons TIF
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$ 7,886,464.82
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$ 7,414,912.56
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Scott County
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$ 0.00
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$ 91,366.55
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Total Funding
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$ 7,886,464.82
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$ 7,506,279.11
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The final contingency amount covered the costs of the Unbridled Avenue street light system and relocation of a digital message sign (DMS), which weren't included in the project estimate at time of award. | | |
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