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3.4 2023 Street Renewal Project Pay Application 3 Final Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner March 11, 2024 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.4 – Pay Application for the 2023 Street Renewal Project 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 #3 (Final) to Northwest Asphalt. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The project has been completed and is ready for final payment. Final Payment is $49,138.91, which includes payment for project retainage. SUPPORTING DOCUMENTS ATTACHED: • Pay Application #3 (Final) POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Application #3 (Final) in the amount of $49,138.91 to Northwest Asphalt for work completed on the 2023 Street Renewal Project. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes