Adopt Resolution #19-168 Authorizing Final Payment to North Valley, Inc. for Improvement Project #18-00 Stanhope Terrace Street Reconstruction.

Resolution and Final Pay Request Attached.

Final construction costs were $6,637.18 less than the bid amount.  This is due to the use of less concrete valley gutter and sod than the plans called for.

Issuing final payment will be contingent on receipt of the following items from North Valley, Inc.:

1. IC 134 (Contractor’s Withholding Affidavit showing compliance with the provisions of Minnesota Statute 290.92 requiring withholding state income tax)
2. Waiver of Mechanic’s Lien Rights (Affidavits that all claims against North Valley, Inc. by reasons of the contract have been fully paid or satisfactorily secured)
3. Consent of Surety to Final Payment (Certification from the contractor’s surety)

Following receipt of these items, final payment will be issued.

The Engineering Technician II has inspected the completed work and recommends approving final payment to North Valley, Inc. for Improvement Project #18-00, Stanhope Terrace Street Reconstructions, in the amount of $5,942.39. 

Motion to adopt Resolution #19-168, Authorizing Final Payment to North Valley, Inc. for Improvement Project #18-00, Stanhope Terrace Street Reconstructions, in the amount of $5,942.39.