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3.14 2022 Street Maintenance Project Pay Application #1 Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner November 28, 2022 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.14 – Pay Application for Street Maintenance 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 is recommending City Council approval of Pay Application #1 to Asphalt Surface Technologies Corporation. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The 2022 Street Maintenance Project has been substantially completed. This includes work added by City staff for fog sealing of various municipal buildings and parking lots. In accordance with Minnesota Statute, the City is withholding the maximum of 5% retainage of work completed, which amounts to $4,344.79 at this time. SUPPORTING DOCUMENTS ATTACHED: • Pay Application #1 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Application #1 in the amount of $82,550.94 to Asphalt Surface Technologies Corporation for work completed on the 2022 Street Maintenance Project, City Project No. 22-01. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes