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HomeMy WebLinkAbout4.i. Payment #7, West Ridge 5th & Shannon Pond 3rd Additions, City Projects #242 & #248 . CITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: August 1, 1995 AGENDA ITEM: Payment #7, West Ridge 5th & Shannon AGENDA SECTION: Pond 3rd Improvements, City Projects #242 & #248 Consent . PREPARED BY: Bud Osmundson AGENDA ���R , � t_ � City Engineer/Public Works Director �v� �'�' ATTACHMENTS: Payment Voucher #7 APPROVED BY: This item requests the seventh payment to Hydrocon, Inc. in the amount of S23,076.07 for construction of City Project No.'s 242 & 248, a joint project for West Ridge 5th Addition and Shannon Pond 3rd Addition Street and Utilities. Work completed and represented in this amount as of July 19. 1995 is 100% of the contracted work, only punch list items and a final inspection by the City remain. Attached is a copy of the Pay Estimate for your information. Staff recommends approval of this seventh payment request. l t1 A RECOMMENDED ACTION: MOTION TO APPROVE PAYMENT #7 TO HYDROCON, INC. IN THE AMOUNT OF 523,076.07 FOR THE WEST RIDGE 5TH AND SHANNQN POND 3RD ADDITION STREET AND UTILITY IMPROVEMENTS, CITY PROJECT NO.'S 242 & 248. COUNCIL ACTION: 4 . F - �� MEMORANDUM - �"ST.PAUL,MN ❑ MINNEAPOLIS,MN ❑ ST.CLOUD,MN L' CHIPPEWA FALLS, WI ❑ MADISON,WI TO: Bud Osmundson,City Engineer/Director of Public Works FROM: David F. Simons,P.E. DATE: July 20, 1995 RE: Rosemount,Minnesota West Ridge 5th Addition and Shannon Pond 3rd Addition City Project Nos. 242 &248 SEH No. A-ROSEM9403.02 and A-ROSEM9403.03 Attached is Application for Payment No.7 for the above referenced project. The cornbined amount due between the two projects is $23,076.07. This brings the total amount earned to $295,620.83 which is about 102% of the total contract amount. The 2% overage was due to unanticipated modifications,repairs and/or adjustrnents that had to be made to existing utilities in the project area. All the utilities,curbing,bihuninous base,bituminous wear,sidewalk,sod and seed have now been installed. Only punch list items and a final inspection by the City remain to be completed on this project. Of the$23,076.07 due this application, $15,852.46 is attributable to West Ridge 5th Addition(242) and the remaining$7,223.61 is attributable to Shannon Pond 3rd Addition(248). The detailed cost split calculations aze also attached. Please call me if you have any questions. tlo Attachments r� CITY OF ROSEMOUNT APPLICATION FOR PAYMENT NO. 7 CITY PROJECT NO: 242 &248 SEH FILE NO: A-ROSEM9403.02&9403.03 PROJECT: WEST RIDGE 5TH ADDN. &SHANNON POND 3RD ADDN. �ONTRACTOR: Hydrocon,Inc. CONTRACT DATE: P.Q.Box 129 APPLICATION DAT'E: North Branch,MN 55056 FOR PERIOD ENDING: 7/15/95 Total Contract Amount $289,252.00 Total Amount Earned $ 295,620.83 Material Suitably Stored on Site, Not Incorporated irito Work � Contract Change Order No. _ Percent Complete $ Contract Change Order Na _ Percent Complete $ Contract Change Order No. _ Percent Complete $ GROSS AMOUNT DIJE . . . . . . . . . . . . . . . . . . . . . . . . . . $ 295,620.83 LESS 5%.RETAINAGE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,781.04 AMOUNT DLJE TO DATE . . . . . . . . . . . . . . . . . . . . . . . $ 280,839.79 LESS PREVIOUS APPLICA'TION . . . . . . . . . . . . . . . . . . . . $ 257,763.72 AMOUNT DUE THIS APPLICATION . . . . . . . . . . . . . . . $ 23,076.07 APPROVED: ���� ' Bud Osmundson City Engineer/Director of Public Works COST SPLlT CITY PROJECT 242 & 248 APPLICATION NO. 7 West Rid�e 5th Addition Shannon Pond 3rd Addition Total Amount Earned $191,661.61 $103,959.22 Materials on Site 0.00 0.00 Contract Change Order No. - 0.00 0.00 Gross Amount Due $191,661.61 $103,959.22 Less 5%Retainage $9,583.08 $5,197.96 Amount Due to Date $182,078.53 $98,761.26 Less Previous Application $166,226.07 $91,537.65 Amount Due this Application $15,852.46 $7,223.61