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CR2002-174-Final Payment Knollwood Pond . . CITY Of- ~ . October 3 I, 2002 NOPKINS Council Report 2002-174 Authorize Final Payment Knollwood Pond Improvements City Proiect 00-14 Proposed Action Staff recommends adoption of the following motion: Move that Council adopt Resolution 2002-100, Resolution Accepting Work and Ordering Final Payment, Knollwood Pond Improvements, City Proiect 00-14. Overview The contractor has completed the construction of the Knollwood Pond Improvements and has completed all punch list items to the City's satisfaction. Primary Issues to Consider . Accepting Work and Final Payment The contractor has met all contract obligations and staff recommends . approval for final payment. The work is done satisfactorily and if Council approves final payment, the final payment will be made once staff has received all the necessary documents and final payment submittals. The City and the Contractor have agreed to all project quantities . Project Budget The final contract project cost is $67,083.57, which is under the bid award amount of$74,742.39 that was approved for the project. No change orders were necessary for this project. . Resolution 2002-100 Adoption ofthis resolution formally acknowledges completion of the work, orders final payment, and initiates the contract warranty period. Supporting Information . Resolution 2002-100 Jt:-~&; ~ - .' ~,'t-l/'-. -.- - Steven G. Bot . Assistant City Engineer Financiallmpact: $67.083.57 Budgeted: YIN Y Source: Storm Sewer Fund and Special Assessments Related Documents (ClP, ERP, etc.): CIP Notes: . . . CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2002-100 RESOLUTION ACCEPTING WORK AND ORDERING FINAL PAYMENT KNOLLWOODPONDIMPROVEMENTS CITY PROJECT 00-14 WHEREAS, pursuant to a written contract signed with the City on March 18, 2002, Sunram Construction, Inc., has satisfactorily completed construction of the Knollwood Pond Improvements, commonly known as City Project 00-14, in accordance with such contract. NOW. THEREFORE. BE IT RESOLVED BY THE CITY OF HOPKINS, MINNESOT A: l. The work completed under said contract is hereby declared accepted and . approved. 2. Order for final payment on such contract is hereby ordered, taking the contractor's receipt in full. ,., The contract warranty on the contract work shall commence as of the date of this .). resolution. Adopted by the City Council of Hopkins, Minnesota, this 5th day of November 2002. Eugene J. Maxwell, Mayor ATTEST: . Terry Obermaier. City Clerk