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c- ~~ <br />Councihnember introduced the following resolution and moved for its adoption: <br />• RESOLUTION #07-12-XXX <br />RESOLUTION APPROVING 12TH PARTIAL PAYMENT TO LATOUR <br />CONSTRUCTION AND RELEASE OF RETAINAGE TO SECURITIES AMERICA FOR <br />PROJECT #03-20 NW SANITARY SEWER AND WATERMAIN EXTENSION <br />WHEREAS, the design of this project was authorized by the City Council. at their May <br />11, 2004 regular City Council meeting; and <br />WHEREAS, a public participation program was authorized by t11e City Council at their <br />December 6, 2004 regular City Council meeting; and <br />WHEREAS, a public informational meeting was held on February 7, 2005, at Ramsey <br />Fire Station No. 1 which outlined 5 alternative alignments; and <br />WHEREAS, a Option No. 3 was selected and authorized by the City Council at -their <br />April. 12th, 2005 regular City Council meeting; and <br />WHEREAS, on January 10, 2006 City Council adopted Resolution #06-O1-011 <br />approving plans and specifications and authorizing advertisement for bids; and <br />WHEREAS, on February 28th, 2006 the Ramsey City Council adopted Resolution #06- <br />• 02-069 awarding the contract to LaTour Construction; and <br />WHEREAS, 2nd partial payment will be paid as such; to LaTour Construction in the <br />amount of $595,093.38 and Securities America for retainage of $31,320.70 for a total pa}nnent of <br />$626,414.08. <br />WHEREAS, Public Works Director/Principal Engineer, Brian Olson has inspected the <br />completed work and recommend 3`d partial payment to be paid as such: to LaTour Construction <br />in the amount of $1,455,143.03 and Securities America for retainage of $76,586.47 for a total <br />payment of $1,531,729.50. <br />WHEREAS, Public Works Director/Principal Engineer, Brian Olson has inspected the <br />completed work and recommend 4th partial payrrient to be paid as such: to LaTour Construction <br />in the amount of $1,137,999.25 and Securities America for retainage of $59, 894.70 for a total <br />pa}~nent of $1,197,893.95. <br />WHEREAS, Public Works Director/Principal Engineer, Brian Olson has inspected the <br />completed work and recommend 5th partial payment to be paid as such: to LaTour Construction <br />in the amount of $1,010,241.47 and Securities America for retainage of $53,170.61 for a total <br />payment of $1,063,412.08. <br />• <br />RESOLUTION #07-12-X:XX <br />. Page 1 of 3 <br />_gg_ <br />