HomeMy WebLinkAbout~Master - Reducing Project Retainage for 2022/23 East 13th Street Sanitary Sewer Extension Project RESOLUTION NO. 24-452
RESOLUTION REDUCING PROJECT RETAINAGE FOR THE 2022/23 EAST 13TH
STREET SANITARY SEWER EXTENSION PROJECT
FOR THE CITY OF AMES,IOWA
WHEREAS, on October 10, 2023, City Council approved the contract with On Track
Construction, LLC of Nevada, Iowa, in the amount of$2,125,500; and,
WHEREAS, the project is substantially complete, with only minimal work remaining,
including grading and seeding of the project, which will occur early this fall. Public Works has
received a request from On Track Construction, LLC to reduce the amount of project retainage,
which is currently$114,104.65; and,
WHEREAS, the remaining work has an estimated value of$5,000. 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 completed, which would be $10,000. 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 2022/23 East 131h Street Sanitary Sewer Extension Project
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.