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CR2002-084 - Final Payment 2001 sealcoat J/ ~ CITY OF ~ . May 16, 2002 HOPKINS Council Report 2002-84 Authorize Final Payment 2001 Seal Coat Proiect City Proiect 01-0 I Proposed Action Staff recommends adoptil1n of the following motion: Move that Council adopt Resolution 2002-45, Resolution Accepting Work and Ordering Final Payment, 200] Seal Coat Proi ect, City Proi cet () 1-0] . Overview The contractor has completed the construction of the 200 I Scal Coat Project and has completed all punch list it~ms to the City's satisfaction. Primary Issues to Consider . Accepting Work and Final Payment The contractor has met all conti-act obligations. The work is done '- . satisfactorily and all the necessary documents and final payment submittals have been received. Staff recommends approval for final payment. . Project Budget The final contract project cost is $42,756.20, which is slightly under the bid award amount of$44,077.40 that was approved for the project. No change orders were necessary for this proj ect. . Resolution 2002-45 Adoption ofthis resolution formally acknowledges completion of the work and orders 1~nal payment. Supporting Information . Resolution 2002-45 lL~~ -tir-- Steven G. Bot Assistant City EngineCl' . Financial Impact: $42,756.')() Budgeted: Y/N Y Source: General Fund Related Documents (elp, ERP, elc.): 200') Budget Notes: . . CITY OF HOPKINS HENNEPIN COUNTY. MINNESOTA RESOLUTION NO. 2002-45 RESOLUTION ACCEPTING WORK AND ORDERING FINAL PAYMENT 2001 SEAL COAT PROJECT CITY PROJECT 01-01 WHEREAS, pursuant to a \vritten contract signed with the City on August 14.2001. Bituminous Roadways, Inc., has satisfacLorily completed construction of the 2001 Seal Coat Project commonly known as City Project 01-01. in accordance with such contract. NOW, THEREFORE. BE IT RESOL VED BY TIlE CITY OF HOPKINS, MINNESOT A: 1. The work completed under said contract is hereby declared accepted and . approved. 2. Order for fin:ll payment on such contract is hereby ordered, taking the contractor's receipt in full. Adopted by the City Council of Hopkins. Minnesota, this 21st day of May 2002. Eugene J. Maxwell. Mayor ATTEST: Terry Obermaier. City Clerk .