HomeMy WebLinkAbout~Master - Reducing Project Retainage for 2021/22 Sanitary Sewer Rehabilitation (Ames High School and Veenker Golf) RESOLUTION NO. 24-451
RESOLUTION REDUCING PROJECT RETAINAGE FOR THE 2021/22 SANITARY
SEWER REHABILITATION (AMES HIGH SCHOOL AND VEENKER GOLF)
FOR THE CITY OF AMES,IOWA
WHEREAS, on November 22, 2022, City Council awarded a contract to Municipal Pipe
Tool Co. LLC of Hudson, Iowa, in the amount of$3,791,558.69; and,
WHEREAS, the project is substantially complete, with only minimal work remaining,
including street patching, grading, and seeding of the project. Public Works has received a request
from Municipal Pipe Tool Co. LLC to reduce the amount of project retainage, which is currently
$173,441.10; and,
WHEREAS,the remaining work has an estimated value of$10,000. Section 26.13 of Iowa
Code requires that a minimum of 200% of the value of the work remaining must be withheld as
retainage when a project is substantially complete, which would be $20,000. All paperwork
required per Iowa Code has been received by the Public Works Department.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that reducing project retainage for the 2021/22 Sanitary Sewer Rehabilitation (Ames High School
and Veenker Golf)project to $20,000 is hereby approved.
ADOPTED THIS 13th day of August, 2024.
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Renee hall, City Clerk John A. Haila, Mayor
Introduced by: Beatty-Hansen
Seconded by: Junck
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 131h day of August, 2024.