HomeMy WebLinkAbout2022-11-07 J08B Triumph Park_Partial Release of RetainageAGENDA ITEM:
CITY OF WAUKEE, IOWA
CITY COUNCIL MEETING COMMUNICATION
MEETING DATE: November 7, 2022
AGENDA ITEM:Consideration of approval of Payment Estimate No. 22 (partial release of
retainage) to Larson Construction, Co., Inc., for the Triumph Park Project in
the amount of $482,852.47.
FORMAT:Motion
SYNOPSIS INCLUDING PRO & CON: Payment Estimate No. 22 to Larson Construction, Co.,
Inc., is for partial release of retainage. Design team and City staff feel it is
appropriate to release the partial retainage based on the punch list items that
are left. We will continue to retain 2.5% retainage ($482,852.47) and will be
released upon completion of the remaining punch list items. Lien waivers,
letter notifying sub-contractors of their request, and a notification from the
bond company have been received by city staff.
FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:
COMMISSION/BOARD/COMMITTEE COMMENT:
STAFF REVIEW AND COMMENT: Approve Payment
RECOMMENDATION: Approve the resolution.
ATTACHMENTS: I. Letter of Recommendation
II. Payment Estimate No. 22 Release of Partial Retainage
PREPARED BY: Matt Jermier
REVIEWED BY:
PUBLIC NOTICE INFORMATION –
NAME OF PUBLICATION:
DATE OF PUBLICATION:
J8B
thinkconfluence.com
November 2, 2022
Mr. Matt Jermier, Parks and Recreation Director
Parks and Recreation Department
City of Waukee
805 University Avenue
Waukee, IA 50263
RE: Contractor Application for Payment #22 - Triumph Park
Dear Mr. Jermier:
Attached please find contractor Application for Payment #22 in the amount of $482,852.47 for approval and
signature by Waukee City Council. This is a partial release of retainage that we feel is appropriate at this time. All
Lien Waivers have been received by the City of Waukee. Punch list work is continuing but we are still with holding
2.5% retainage ($482,852.47) and agree that the withheld amount is appropriate for this stage of the project. We
do anticipate an upcoming payment application later this month to account for all the final agreed upon change
orders dating back to January of 2022.
Confluence recommends approval and payment as indicated.
If there are any questions, please let me know.
Sincerely,
Confluence
Matthew O. Carlile, ASLA, LEED AP
Principal
Confluence
525 17th Street
Des Moines, Iowa 50309
Cc: Project File