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3.2. SR 03-19-2007 City of Elk River REQUEST FOR COUNCIL ACTION Agenda Section Meeting Date Consent March 19, 2007 Item Description Pay Estimates Item Number 3.2. Prepared by Tim Simon, Finance Director Reviewed by Introduction Below is a final pay estimate submitted for approval. by the city engineer. The pay estimate has been reviewed and approved DISCUSSION The contractor for the 2005 Street Improvement Project was Universal Enterprises. During 2006, Universal Enterprises ceased business operations. The bonding company for Universal Enterprises hired Hardives, Inc. to complete the work on the City project. The project had an overrun of approximately 2.5% mainly related to field changes to the underground utilities on the project. Financial Impact Project 2005 Strect Improvemcnt Proj. 2005 Street Improvement Proj. Pay Est. No. F F Contractor Hardrives, Inc. CNA Surety Amount $ 115,298.06 32,622.33 Attachments . Memo from City Engineer to CNA surety describing finalizing of the project . Response from CNA surety Action Requested The City Council is asked to approve the pay estimate and change order as stated above. Council Action Motion by_ Second by _ Vote Follow Up c: \Documents and Settings \jnullcr\Local Settings \ Temporary Internet Files\ OLK3E\Pay Esbmatoo0319 .doc February 26, 2007 File: 226-050C Mr. Douglas Mraz Surety Claims Counsel CNA Surety Surety Claims - 41 ~ Floor 333 So. Wabash Avenue Chicago, IL 60604 Bond No. Claim No. Obligee: Principal: Project Surety: 929365060 9A713054 City of Elk River Universal Enterprises of Mid-MN, Inc. 2005 Street Improvements Project Western Surety Company Via electronic mail Dear Mr. Mraz: We have worked with Mr. Don Hall from Hardrives, Inc. in completing the City of Elk River's 2005 Street Improvement Project. Attached to this letter is an invoice from Hardrives, Inc. outlining the unit construction items they placed to complete this project. We have worked with them in preparing this invoice and agree with all of the units completed shown in the first column. They have broken up their price into three columns: 1. Amount Due from the Owner 2. Amount Due from CNA 3. Open Items As we work through the finaIing of this project, we would propose the following: A. The last pay estimate the City of Elk River made to Universal Enterprises was in January 2006. It was Pay Estimate No.8. The retainage the City is holding from that pay estimate is $42,138.08. B. There are three items that were completed prior to Partial Pay Estimate No.8, but did not get fully paid on Partial Pay Estimate No.8. They include the following: Schedule 3 ,Street Item 32 Schedule 3, Street Item 35 Extra work for Northdale Common excavation Sub$'ade preparation Adiust hydrants TOTAL 4,300 c.Y. @ $5/C.Y. - $21,500 30 Rd Sta (IV, $62/Rd Sta - $1,860 $855 $24,215 Therefore, the City still has a total due for work performed on this projecrwhen Universal had the contract of ($42,138.08, plus $24,215.00) $66,353.08. C. Hardrives, Inc. Invoice (1.) The amount due from owner shown as $73,782.05 is new work performed. This column indicates the pay per item based on the Universal Enterprises contract amount. Therefore, the City is in agreement that they should pay $73,782.05 for this work. (2.) Amount due from CNA of $29,130.75 is due to increased unit cost from the Universal Enterprises' contract amount for Hardrives to complete the work. The City will pay this amount out of the retainage previously discussed of Universal Enterprises. (3.) The open items of $12,385.26 are a combination of items that should be paid from retainage and new work. The items we believe should be paid from retainage are Item No. 28 - Adjust gate valves for $1,350, Item No. 31, Adjust drainage structure for $1,900, and Item No. 71- In place density and air voids for $1,350. These all represent original bid items from the Universal Enterprises contract which Hardrives has asked for increased money per unit to complete. The total of these three items is $4,600. Therefore, the new work total of this column is ($12,385.26 minus $4,600.00) $7,785.26. (4.) The City proposes to make a full payment to Hardrives, Inc. in the amount of $115,298.06. This would be paid as a combination of new work and from the Universal Enterprises retainage. The breakdown of these two payment items described above is summarized as follows: New work - $73,782.05 from amount due from owner column of Hardrives invoice, and $7,785.26 of the amount due under Open Items from the Hardrives invoice, for a total of $81,567.31. To be paid from retainage, $29,130.75 from the amount due from CNA column of the Hardrives invoice, and $4,600, which is a portion of the Open Items amount due from the Hardrives invoice for a total of $33,730.75. The City would then release to CNA the amount of $32,622.33. This is the total amount that the City is holding from Universal Enterprises' retainage plus work completed but not paid under Universal Enterprises' contract of C:\Documents and Settings\tm.aurer\Desktop\02 26 07 lrr Mrnz CNA.doc . $66,353.08 minus the amount of retainage used to pay Hardrives, Inc. of $33,730.75. Please review this infonnation and let me know if you concur with this analysis of the final payments. Once we receive concurrence from CNA Surety, I will proceed to put the item on our City Council agenda and have the checks issued to Hardrives, Inc. and CNA Surety. If you have any questions regarding this analysis or need any additional infonnation, please contact me at 763/635-1051 or email attmaurerlqlci.elk-riveJ:.mn.us. Sincerely, ~~ Terry J. Maurer, PE City Engineer C\Documents and Settings\tmaurer\Desktop \0226 07 ltt Mraz CNA.doc Page 1 of1 Maurer, Terry From: Mraz, Douglas [Douglas.Mraz@cnasurety.com] Sent: Monday, February 26,20073:19 PM To: Maurer, Terry Subject: RE: City of Elk River-2005 Street Improvement This is ok with us. Please make our check payable to Western Surety Company and send to my attention. 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