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9.e) Staff Report-Final Payment, 2012 Seal Coat and Bituminous Patching Project ; , i'� .-', ■p`e '�. ..l � .1 /�1`�... �Y!�r��•��4 �'�/ •�i�.i/� Staff Renort Date of Meeting: October 16,2012 To: City Council From: Kristina Handt,City Administrator Re: Final Payment, 2012 Seal Coat and Bituminous Patching Project Agenda Item#: 9.e) Background: At the June 19, 2012 meeting,the Council awarded a contract for 2012 Seal Coat and Bituminous Patching Project to Allied Blacktop Company in the amount of$218,493.00. The first payment was approved by the Council at the August 2l, 20]2 meeting for$177,630.19. Issue: Should the City approve the final payment to Allied Blacktop Company in the amount of $28,843.17? Proposal Details: The Engineer has reviewed the request for payment of$28,843.17 and found it to be in order. Fiscal Impact: The final amount is $12,019.64 less than the original bid amount because of work removed from the contract that was completed by the Public Works Department. Options: 1) Approve final payment to Allied Blacktop Company for$28,843.17. 2) Take no action at this meeting. Recommendation: Option l.