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3.7 Water Tower #4 Project Pay Estimate #12 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 Agenda City Administrator/Finance Director Flaherty 3.7 – Project Payment Water Tower #4 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 Estimate #12 to Landmark Structures, LLC. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: Pay Estimate #12 includes payment for work done through September 5, 2022 including grading of the site, placement of light foundations, and completion of the interior room. The only items that remain are control panels, instrumentation, electrical and security items, finish site grading, concrete curb and gutter, paving of the driveway, and site restoration. The project is nearing completion. City staff is confident the contractor and sub-contractors will be able to have the tower online this year. The project appears to be ahead of schedule for the substantial completion date of 12/15/2022. The project is well ahead of the final completion date, including the tower brought online, of 6/30/2023. In accordance with Minnesota Statute, the City is withholding the maximum of 5% retainage of work completed, which accounts to $188,774.36 at this time. SUPPORTING DOCUMENTS ATTACHED: • Pay Estimate #12 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Estimate #12 in the amount of $65,556.89 to Landmark Structures, LLC for work completed on the Otsego Water Tower #4, City Improvement Project 20-08. BUDGET INFORMATION FUNDING: BUDGETED: Fund 601 – Water Utility Yes