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3.4 2022 Street Micro-Surfacing Project Pay Application #1 (FINAL) Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner September 12, 2022 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.4 – Project Payment 2022 Micro-Surfacing 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 #1 (Final) to Asphalt Surface Technologies Corp. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The 2022 Street Micro-Surfacing Project has been completed. The Pavement Management Program, which is part of the Capital Improvement Plan for the City of Otsego, has total funding of $984,422, with $730,556.20 estimated for the work included within the bid. The Engineers Estimate presented to council for approval of the plans and specifications was $455,996.99. The low bid from ASTECH Corporation was in the amount of $443,754.60 and final costs were $437,471.95. SUPPORTING DOCUMENTS ATTACHED: • Pay Application #1 (Final) POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Application #1 (Final) in the amount of $437,471.95 to Asphalt Surface Technologies Corp. for the 2022 Street Micro-Surfacing Project, City Project No. 22-02. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes