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I W Of <br />NEW <br />BRICATFON <br />the city that works for you <br />Report Number <br />Agenda Section <br />Council Meeting Date <br />REQUEST FOR COUNCIL CONSIDERATION <br />14 -037 <br />VI -2 <br />February 25, 2014 <br />ITEM DESCRIPTION: CONSIDERATION OF FINAL PAYMENT, PARTIAL PAYMENT 2 <br />CITY PROJECT 13 -5, RICE CREEK TERRACE STORM SEWER REPAIR. <br />DEPARTMENT HEAD'S APPROVAL: (*40 <br />CITY MANAGER'S APPROVAL: <br />No comments to supplement this re <br />Comments attached <br />Recommendation: To approve contract Final Payment, Partial Payment 2 for City Project 13 -5, Rice <br />Creek Terrace Storm Sewer Repair to the Penn Contracting, Inc. in the amount of $584.80. <br />Legislative History: Council Authorized Project December 11, 2012 <br />Contract Awarded February 12, 2013 <br />Financial Impact: The original contract amount based on estimated quantities was for $14,846. The <br />final construction amount based on installed quantities was for $11,696 ($3,150 under budget). <br />Please see attached payment breakdown for details. <br />Explanation: All contract work with Penn Contracting, Inc. for City Project 13 -5, Rice Creek <br />Terrace Storm Sewer Repair has been completed and accepted by City staff. This payment includes <br />payment on all contract final quantities associated with the project. It also releases all payment <br />retainage. <br />Costs and Funding: The total cost of this project will paid from the storm water enterprise account <br />— Fund 703 -4950 -3510. <br />Grant M. yffels, P lf. <br />Director of Public Works <br />Attachment <br />