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3.9 2021 Street Renewal Project Fina Pay Application Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner July 25, 2022 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.9 – Project Payment 2021 Street Renewal STRATEGIC VISION MEETS: THE CITY OF OTSEGO: Is a strong organization that is committed to leading the community through innovative communication. X Has proactively expanded infrastructure to responsibly provide core services. Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. Is a social community with diverse housing, service options, and employment opportunities. Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: City staff recommends City Council approval of Pay Application #3 (Final) to Omann Contracting Companies, Inc. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The 2021 Street Renewal Project (Heritage Hills) is complete. The final pay application includes final payment of retainage being held for remaining punch list items on the project. The final construction cost is $526,347.74, 11.99% above the original bid of $469,989.84. SUPPORTING DOCUMENTS ATTACHED: • Pay Application #3 (Final) POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Application #3 (Final) in the amount of $26,317.39 to Omann Contracting Companies Inc. for work completed on the 2021 Street Renewal Project. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes