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Item 3.5 Friedrich Park Project Pay Applicaton 4 Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner October 28, 2024 PRESENTER(s) REVIEWED BY: ITEM #: Consent Parks and Recreation Director Jacobs City Administrator/Finance Director Flaherty 3.5 – Pay Application for Friedrich Park 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. X 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 #4 to Vada Contracting, LLC. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The amounts requested for Pay Application #4 are consistent with the work progress to date and includes payment for seeding, bituminous surfacing and striping, and the multi-sport goal. In accordance with Minnesota Statute, the City is withholding the maximum of 5% retainage of work completed, which amounts to $16,187.25 at this time. SUPPORTING DOCUMENTS ATTACHED: • Pay Application #4 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to approve Pay Application #4 in the amount of $36,487.37 to Vada Contracting, LLC for work completed on the Friedrich Park Project. BUDGET INFORMATION FUNDING: BUDGETED: Fund 203 – Park Development Yes 10/22/2024