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~~/ <br />City of <br />Elk --..~ <br />River <br />REQUEST FOR ACTION <br />TO ITEM NUMBER <br />Ci Council 3.3 <br />AGENDA SECTION MEETING DATE PREPARED BY <br />Consent Ma 16, 2011 ustin Femrite, Ci En ~ eer <br />ITEM DESCRIPTION REVIEWED By <br />193`d Avenue Final Pay Estimate and Project Closure Lori ohnson, Ci Administrator <br /> REVIEWED BY <br />ACTION REQUESTED <br />Accept the improvements, approve the final payment, and start the warranty period for the 193`d Avenue <br />project. <br />BACKGROUND/DISCUSSION <br />The project identified has been completed and is recommended for acceptance. I have reviewed the <br />attached pay estimate and find it to be accurate and in accordance with the respective contracts. <br />Additionally, all final IC134's, mechanics lien waivers, and wage rate documents have been submitted by <br />the contractor and reviewed in accordance with the contract requirements. <br />FINANCIAL IMPACT <br />PROJECT PAY EST. # CONTRACTOR AMOUNT <br />193`d Avenue Street and Utility Improvements Final R.L. Larson Excavating $173,815.59 <br />This project was completed below the approved contract amount. The final project costs are <br />summarized as follows: <br />Contract Amount Final Cost % Difference <br />193` Avenue Street and Utility Improvements $3,486,355.00 $3,234,168.86 7.2% <br />ATTACHMENTS <br />^ Pay estimate as referenced above. <br />Action Motion by Second by Vote <br />FOllow Up <br />N:\Public Bodies\Ciry Council\Council RCA\Agenda Packet\05-16-2011\Pay Estimates.docm <br />