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Resolution approving final payment for contract 24-07 / Project 324000007, 2024 Street & Utility Improvements, to Stark Pavement Corp in the amount of $239,639.47
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WHEREAS, Stark Pavement Corp. entered into Contract 24-07 / Project 324000007 with the City for the completion of the 2024 Street & Utility Improvements; and
WHEREAS, the work under the contract included improvements on N. 115th Street, N. Colonial Drive, and W. Sarasota Place; and
WHEREAS, the original base bid for the project was $989,999.00; and
WHEREAS, the final contract value is $973,385.00, reflecting a reduction of $16,614.00 due to liquidated damages incurred; and
WHEREAS, the Assistant Construction Manager has certified that the work has been completed in a satisfactory manner and recommends acceptance of the project; and
WHEREAS, the remaining balance due to the contractor for the completed work is $239,639.47.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City that Contract 24-07 / Project 324000007, 2024 Street & Utility Improvements, is hereby accepted.
BE IT FURTHER RESOLVED that final payment in the amount of $239,639.47 is approved and authorized to be made to Stark Pavement Corp.
By: Board of Public Works
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