SUBJECT
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Authorizing the City Manager to approve final payment and release retainage in the amount of $495,362.52 for DN Tanks, Inc. and accepting the South Lyon Ground Storage Tank Demolition and Replacement project as complete. The final contract amount is $9,622,139.87 Funding is available in the Waterworks Fund-2020 and 2022 Water Revenue Bonds.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: Moderate
Supporting goal(s)/policy(ies):
Policy 6.5.7 Continue to implement the existing water conservation program.
Policy 7.2.4 Increase access to safe water
Summary of alignment:
This agenda item update aligns with Viva Laredo's Comprehensive Plan goals and policies addressing water quality by replacing aged water tank.
PREVIOUS COUNCIL ACTION
On October 3, 2022, the City Council approved a construction contract with DN Tanks, Inc. of Wakefield, MA, in the amount of $9,274,320.00 for the South Lyon Ground Storage Tank Demolition and Replacement Project. Subsequently, on January 28, 2025, Change Order No. 1 was approved in the amount of $347,819.87, which also extended the contract time by 226 calendar days.
BACKGROUND
It is recommended to accept the South Lyon Ground Storage Tank Demolition and Replacement project as complete. South Ground Storage has been placed online and working properly.
Contract Amount Days
Original Contract $9,274,320.00 420
Change Order No.1 $347,819.87 226
Total $9,622,139.87 646
COMMITTEE RECOMMENDATION
None
STAFF RECOMMENDATION
recommendation
Approval of Motion
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Fiscal Impact
Fiscal Year: 2026
Budgeted Y/N?: Y
Source of Funds: 2020/2022 Water Revenue Bond
Account #: 557-9877-535-9301
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in the 2020 and 2022 Water Revenue Bond Acct.No.557-9877-535- 9301 and 557-9879-535-9301, Project ID: WP1810...
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