Title
Acceptance of the City Hall project and release of retainage to Construction LTD.
Body
Summary:
On January 17, 2017 council awarded construction of the new city hall to Construction LTD. in the amount of $6,121,000. The contract included an owner held contingency fund of $150,000 to be used by the city to authorize additional improvements/enhancements to the building as the project moved along. The project required one change order in the amount of $7,048.89 which was a credit issued back to the city by the contractor for the remaining unused contingency funds.
The contractor has completed the final punch list and City staff is recommending acceptance of the project and release of retainage. The workmanship is acceptable and the city has taken possession of the building. Acceptance of the project by council will also start a one-year maintenance period that is required in the contract documents.
Fiscal/Budgetary Impact:
Capital Improvement Fund 90-105-4902
Recommended action
Accept the project and closeout the project.