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HomeMy WebLinkAbout2024-02-20 I01E_10 Triumph Park_Pmt Est 25-RetainageAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: February 20, 2024 AGENDA ITEM:Consideration of approval of Payment Estimate No. 25 (Release of retainage) to Larson Construction, Co., Inc., for the Triumph Park Project in the amount of $23,128.97. FORMAT:Consent Agenda SYNOPSIS INCLUDING PRO & CON: Payment Estimate No. 25 to Larson Construction, Co., Inc., is for release of remaining retainage plus Change Order #9 and #10. The Waukee City Council previously approved Change Order #9 (a $3,050.00 credit to the project) and they will be reviewing Change Order #10 (a $3,748.97 add) – consideration at this meeting. Therefore, the net change to the contract is an add of $698.97. This Final payment application includes the $698.97 plus the remaining retainage that was being withheld for the project. Once all final Lien Waivers have been received, City staff will release the payment to Larson Construction. 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. 25 Release of Retainage PREPARED BY: Matt Jermier REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: DATE OF PUBLICATION: I1E10 thinkconfluence.com February 14, 2023 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 #25 - Triumph Park Dear Mr. Jermier: Attached please find contractor FINAL Application for Payment #25 in the amount of $23,128.97 for approval and signature by Waukee City Council. This payment is for all the items included in Change Orders #9 and #10. You previously approved #9 (a $3,050.00 credit to the project) and you are also reviewing #10 (a $3,748.97 add) at this meeting. Therefore, the net change to the contract is an add of $698.97. This FINAL payment application also includes all the retainage on the project that was being withheld. City Staff and the Design team have reviewed the project and agree that is it complete. Confluence recommends approval and payment as indicated and would again like to share our appreciation for being given the opportunity to work with you and your team on this project. 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