HomeMy WebLinkAbout4.i. Payment #10 and Final, Rosemount Business Park, Phase 1A, City Project #256CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: January 2, 1996
AGENDA ITEM: Payment #10 & Final, Rosemount
Business Park, Phase IA, City Project #256
AGENDA SECTION:
Consent
PREPARED BY: Doug Utterer, Civil Engineer 4/..
AGENDA NO.
OvN
ATTACHMENTS: Payment Voucher #10 & Final
APPROVED BY:
This item requests the tenth and final payment to Richard Knutson, Inc. in the
amount of $53,228.76 for construction on City Project #256, Rosemount
Business Park, Phase IA.
The original contract amount was $1,014,881.69. Total construction cost,
including this final payment is $975,206.92. The final payment is 4% under
the contract amount. Upon final payment, a two year warranty period begins
(Until January 2, 1998) on the street and utilities. The City also accepts these
facilities for perpetual maintenance.
Attached is a copy of the application for payment for your information. Staff
recommends approval of this tenth and final payment request and acceptance of
the streets and utilities for perpetual maintenance.
RECOMMENDED ACTION: MOTION TO APPROVE PAYMENT NO. 10 AND FINAL TO
RICHARD KNUSTON, INC. IN THE AMOUNT OF $53,228.76 FOR ROSEMOUNT BUSINESS
PARK, PHASE IA, CITY PROJECT NO. 256 AND TO ACCEPT THE STREET AND UTILITIES
FOR PERPETUAL MAINTENANCE.
COUNCIL ACTION:
2
MEMORANDUM
XST. PAUL. MN ❑ MINNEAPOLIS. MN ❑ ST. CLOUD, MN ❑ CHIPPEWA FALLS. WI ❑ MADISON, WI
TO: Bud Osmundson, City Engineer /Director of Public Works
FROM: David F. Simons, P.E.
DATE: December 21, 1995
RE:
Rosemount, Minnesota
Business Park - Phase IA
City Project No. 256
SEH No. A- ROSEM3164.05
Attached is Application for Payment No. 10 (Final) for the above referenced project. The amount
due this application is $53,228.76. This brings the total amount earned by the contractor on the
project to $975,206.92, which is about 96% of the total contract amount.
All work items are now complete, and the City has conducted a final inspection. Accordingly, we
recommend that the City approve the final payment, contingent on the City's receipt of all close -out
documents. We recommend that the contractor's payment be held by the City until all close -out
documents are obtained.
Please call me if you have any questions.
tlo
Attachment
CITY OF ROSEMOUNT
APPLICATION FOR PAYMENT
NO. 10 (Final)
CITY PROJECT NO: 256 SEH FILE NO: A- ROSEM3164.05
PROJECT: Rosemount Business Park - Phase IA
CONTRACTOR: Richard Knutson Inc. CONTRACT DATE:
12585 Rhode Island Ave. S. APPLICATION DATE: 12/20/95
Savage, MN 55378 FOR PERIOD ENDING: 12/20/95
Total Contract Amount $1,014,881.69 Total Amount Earned $ 975,206.92
Material Suitably Stored on Site,
Not Incorporated into Work $
Contract Change Order No. _ Percent Complete
Contract Change Order No. _ Percent Complete
Contract Change Order No. _ Percent Complete
APPROVED:
GROSS AMOUNT DUE $ 975,206.92
LESS 0% RETAINAGE $ 0.00
AMOUNT DUE TO DATE $ 975,206.92
LESS PREVIOUS APPLICATIONS $ 921,978.16
AMOUNT DUE THIS APPLICATION $ 53,228.76
Bud Osmundson
City Engineer /Director of Public Works