HomeMy WebLinkAbout~Master - Retainage for SE 16th Street Paving and Bridge Replacement Project RESOLUTION NO. 08-493
RESOLUTION APPROVING PARTIAL RELEASE OF RETAINAGE
FOR S.E. 16TH STREET PAVING AND BRIDGE REPLACEMENT PROJECT
FOR THE CITY OF AMES
WHEREAS, this project is for paving the gravel portion of S.E. 16' Street from Dayton
Avenue/U.S. Highway 30 interchange to approximately two blocks east of South Duff Avenue, as
well as constructing a bridge over the Skunk River; and,
WHEREAS,on February27,2007,the Council awardedthe contractto Peterson Contractors,
Inc., of Reinbeck, Iowa, in the amount of$3,599,280.20; and,
WHEREAS, the roadway has been open to traffic since May 12, 2008, and the project is
substantially complete; and,
WHEREAS,on November 7,2008,a request was received from Peterson Contractors,Inc.,
to reduce the amount of project retention from $181,063.73 to $25,508.49; and,
WHEREAS, remaining work to be completed as part of the contract includes placement of
approximately 150 tons of riprap at an estimated value of$4,600, and the amount of retention
remaining meets the requirement of a minimum of 200% of the value of the work to complete that
must be withheld.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the reduction of the project retainage for the S.E. 16t' Street Paving and Bridge Replacement
Project to $25,508.49 is hereby approved.
ADOPTED THIS 25`''day of November, 2008.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Mahayni
Seconded by: Goodman
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25'day of November, 2008.