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Item 3.15 2024 Street Renewal Project Pay Application 2 Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner December 9, 2024 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.15 – Pay Application for the 2024 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 recommends the City Council approve Pay Application #2 for the 2024 Street Renewal Project. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: This project has been completed except for a driveway issue. The City will be holding a 1% retainage of work completed, which is $9,368.19 until this is fixed. 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 in the amount of $111,073.49 to Knife River Corporation for work completed on the 2024 Street Renewal Project. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes