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Item 3.10 2024 Street Maintenance Project Pay Application 1 Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner October 14, 2024 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.10 – Pay Application for 2024 Street Maintenance 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 #1 to Asphalt Surface Technologies. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: Pay Application #1 includes payment for much of the micro-surfacing (bituminous material, scratch/surface course), fog sealing (bituminous material), and striping (lines, arrows, crosswalk). In accordance with Minnesota Statute, the City is withholding the maximum of 5% retainage of work completed, which amounts to $13,508.31 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 $256,657.81 to Asphalt Surface Technologies Corporation for work completed on the 2024 Street Maintenance Project, City Project No. 24-01. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes