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Item 3.5 2024 Street Renewal Project Pay Application 3 Final Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Public Works City Engineer Wagner February 24, 2025 PRESENTER(s) REVIEWED BY: ITEM #: Consent City Administrator/Finance Director Flaherty 3.5 – 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 #3 (Final) 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 concrete driveway damaged by the contractor. Final payment is for the remaining retainage minus the driveway repair cost. A quote was obtained by the homeowner for the driveway repair and agreed to by the City’s contractor. Upon completing the repair, the homeowner will submit a paid invoice to the City, who will then reimburse the homeowner for the cost of the repair, to a maximum of $2,500. 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 $6,868.19 to Knife River Corporation for work completed on the 2024 Street Renewal Project. BUDGET INFORMATION FUNDING: BUDGETED: Fund 201 – Pavement Management Yes