SUBJECT
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Authorizing City Manager to approve final project acceptance, approve change order # 1, a decrease in the amount of $ 199,040.00, and release of retainage and approval of final payment in the amount of $129,007.41 to Southern Trenchless Solutions, LLC for the 16-inch Waterline Project. The final contract amount is $3,120,434.09. The total working days are 560 Working Days. Funding is available in the 2020 Revenue Bond.
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PREVIOUS COUNCIL ACTION
On December 6, 2021 council approved award of construction contract to Southern Trenchless, LLC in the amount of $3,319,474.09 for the 16-inch waterline utility improvements from Cuatro Vientos Boulevard, along Lomas Del Sur to Concord Hills to serve the proposed Buenavista Sports Complex.
BACKGROUND
Project final payment and release of retainage. Project is complete.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Approval of motion.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Y
Source of Funds: 2020 Revenue Bond
Account #: 557-9877-535-9301
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in the 2020 Revenue Bond. Account 557-9877-535-9301 Project WP2118