HomeMy WebLinkAbout~Master - Settlement agreement for construction of Fire Station No. 3 RESOLUTION NO. 03-460
RESOLUTION APPROVING SETTLEMENT AGREEMENT WITH
THE KEYSTONE GROUP, LLC, PERTAINING TO
CONSTRUCTION OF FIRE STATION NO. 3
FOR THE CITY OF AMES
WHEREAS, under the terms of the construction agreement between The Keystone Group,
LLC, and the City of Ames, five percent was held back as retainage until all terms of the agreement
were met; and,
WHEREAS, Fire Station No. 3 was placed in service November 2002, and since
September 2002, staff and representatives from the general contractor have worked towards the
completion of the remaining punch list items; and,
WHEREAS, of major concern was spalling of the apparatus room cement floor, and punch
list items have been addressed and a settlement agreement reached regarding the floor; and,
WHEREAS,the agreement calls for a reduction in the retainage paid to the general contractor
as full settlement to the original construction contract; and,
WHEREAS, the reduction of$7,950 will be used to fix pitting of the apparatus floor at a
future date; and,
WHEREAS, in addition to the reduced pay-out, the general contractor has provided a
$20,000 bond with a five-year duration in case of future degradation of the apparatus floor.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the settlement agreement with The Keystone Group,LLC,is hereby approved and final payment
of$45,821 is authorized for the construction contract for Fire Station No. 3.
ADOPTED THIS 16th day of December, 2003.
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Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Hoffinan
Voting aye: Cross, Goodhue, Hoffman, Mahayni, Wirth
Voting nay: None Absent: Vegge
Resolution declared adopted and signed by the Mayor this 16th day of December, 2003.