Greenway Pavement Markings Phase 2 (2021) Project - Final AcceptanceGREENWAY PAVEMENT MARKINGS PHASE 2 (2021) PROJECT – FINAL ACCEPTANCE
1
Background Information
Prior to release of retainage on a Public Works construction project, the City Council must accept the work as complete to meet State Department of Revenue and State Department of Labor
and Industries requirements.
2
2
Financial Impacts
This is the acceptance of the construction project as complete, therefore, no additional funds are proposed to be spent as part of this agenda item.
3
3
Project Budget
Approved Budget* - $252,042.00
Final Construction Amount - $210,660.00
Balance $ 41,382.00
*Budget was approved by Council on May 18, 2021 including a 5% contingency.
4
4
Options Considered
Authorize acceptance of the Greenway Pavement Markings Phase 2 (2021) Project constructed by Northwest Traffic, Inc., in the amount of $210,660.00 as complete?
Do not authorize acceptance of the Greenway Pavement Markings Phase 2 (2021) Project constructed by Northwest Traffic, Inc., as complete and provide direction to staff.
5
5
Mayor’s Recommendation
The Mayor recommends forwarding Option 1 to the November 16, 2021 City Council Consent Agenda for approval.
6
6
Questions?
7
7