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3.4 2023 Street Maintenance Project 23-01 Pay Application #2 Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner September 25, 2023 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.4 – Pay Application 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 to Pearson Bros, Inc. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The 2023 Street Maintenance Project is almost complete. This pay application is for line striping. Pavement message painting is yet to be complete. In accordance with Minnesota Statute, the City is withholding the maximum 5% retainage of work completed, which amounts to $4,348.89 at this time until a final payment request and final documentation is received from the Contractor. SUPPORTING DOCUMENTS ATTACHED: • Pay Application #2 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Application #2 to Pearson Bros in the amount of $50,564.47 for the 2023 Street Maintenance Project, City Project No. 23-01. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes