Common Council Regular Meeting - Includes Action Items


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  Agenda Item No. G.1.c.       
Meeting Date: 10/04/2021  
Item Requested By: Herschel Workman
Staff Contact: Herschel Workman
Contact Phone Number: 928-668-0555  
Type of Agenda Item: Consent, Includes Contract Agreement, New Business
STRATEGIC PLAN
This project addresses the below Priority Area(s) and relates to the listed Specific Initiative(s):
Not Applicable
 
Effect of Yes or No Votes:
A "yes" vote will approve the settlement agreement for final payment to Standard Construction.

A "no" vote will not approve the settlement agreement for the payment for this project.

AGENDA ITEM:
Consideration and Action to Approve a Settlement Agreement for Final Payment to Standard Construction for the Jefferson Street Waterline Project - Herschel Workman, Public Services Director
BACKGROUND INFORMATION:
As the result of recent Council negotiations with Standard Construction, they have agreed to accept the Town's offer of $157,766.74 dollars for resolution of costs associated with changes and claims on the Jefferson Street Waterline project which was completed on October 15, 2020.  An additional payment of $88,962.14 will be issued to Standard.  Previously a payment had been issued to Standard in an amount of $68,804.60 for undisputed additional costs associated with the contract.  With the final payment of $88,962.14, the Town will proceed with the necessary paperwork in order to close out the contract.
SUGGESTED MOTION:
I move to approve a Settlement Agreement for Final Payment to Standard Construction in the amount of $88,962.14 for final resolution of all costs associated with the Jefferson Street Waterline project completed on October 15, 2020.

Fiscal Impact
Total Funding Request: $88,962.14
Is it Included in the Budget Yes/No: Yes
GL Account #: 500-020215
One-Time Expenditure of Funds Yes/No: Yes
Amount of Annual Expenditure of Funds: N/A
Is Quote/Bid Information Included Yes/No: No
Attachments
Standard Construction Acceptance Letter
Standard Construction Settlement Agreement

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Form Review
Form Started By: Herschel Workman Started On: 09/22/2021 02:25 PM
Final Approval Date: 09/28/2021

    

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