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3.15 2022 Street Renewal Project Pay Application #2 (Final) 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 3.15 – Pay Application for 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 is recommending City Council approval of Pay Application #2 (Final) to Minnesota Paving & Materials. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The 2022 Street Renewal Project (Walesch Estates & Oday Acres) is complete. This pay application includes final payment of retainage being held for remaining punch list items on the project, which have all been completed. The final construction cost is $742,654.10, which was less than the original bid, the engineer estimate, the feasibility report, and the capital improvement plan budget. SUPPORTING DOCUMENTS ATTACHED: • Pay Application #2 (Final) POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Application #2 (Final) in the amount of $37,132.71 to OMG Midwest, Inc. dba Minnesota Paving & Materials for the 2022 Street Renewal Project. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes