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ty of Report Number: 1 ~ Agenda Section: SR (ATI ON Report Date June 29, 2007 the city that woks %or you Council Meeting Date July 10, 2007 REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: CONSIDERATION OF PARTIAL PAYMENT I FOR PROJECT 07-1, 2007 SREET RECONSTRUCTION DEPARTMENT HEAD'S APPROVAL: C~M1vl' CITY MANAGER'S APPROVAL: Comments attached No comments to supplement this report Recommendation: To approve contract Partial Payment 1 for Project 07-1, 2007 Street Reconstruction in the amount of $171,855.34 to North Valley, Inc. Legislative History: The City Council ordered Project 07-1, 2007 Street Reconstruction, on March 27, 2007, and awarded a contract to North Valley, Inc. on May 22, 2007. On June 25, 2007, the City Council approved Change Order No. 1 which added the milling and overlaying of the Service Drive to the original contract. Financial Impact: Please see attached payment breakdown for details. Explanation: Project 07-1 consists of the reconstruction of approximately 0.6 miles of residential streets in 2007. The provisions of the contract with North Valley, Inc. stipulate that the City makes a partial payment to the contractor at lease once each month at regular intervals on the basis of the work performed during that preceding month. This partial payment shall not exceed 95 percent of the value of the certified estimate. Costs and Funding: The public improvement portion of this project will be paid for from. general taxes and special assessments, and the costs associated with Change Order 1, the Service Drive, will be paid for from Fund 422, Contract Maintenance, which was set up to include this type of work. Grant M. Wy feh P.E. Director of Public Works Attachment I'.\COUNCILaEPORTS\2007\6ngineering\07-1 Partial Payment I CR.dac