Title of Item:
BUDGET AMENDMENT No. 9, EARLY COMPLETION INCENTIVE FOR PFC TREATMENT SYSTEM (RC):
RESOLUTION No. 62-2019; A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF STUART, FLORIDA AUTHORIZING BUDGET AMENDMENT No. 9 TO THE 2018-2019 WATER SEWER FUND; APPROPRIATING AND AUTHORIZING THE EXPENDITURE OF FUNDS FOR A CHANGE ORDER WITH LAWRENCE LEE CONSTRUCTION SERVICES IN THE AMOUNT OF $61,500.00 FOR MEETING THE EARLY COMPLETION INCENTIVE WITHIN ITB #2018-109 FOR THE PER-FLUORINATED CHEMICAL TREATMENT SYSTEM PROJECT. PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES.
Summary Explanation/Background Information on Agenda Request:
Due to the importance of removing perfluorooctanesulfonic acid (PFOS) and perfluorooctanoic acid(PFOA) from the City's drinking water supply, the City incorporated an early completion incentive into the bid solicitation for the Per-Fluorinated Chemical Treatment System project to help aid in completing the project as soon as possible. The incentive clause included assessing an incentive in the amount of $1,000.00 for each calendar day up to 30 days and $1,5000.00 for each calendar day between 31 days and 60 days that the Contractor (Lawrence Lee Construction Services) achieves substantial completion prior to July 25, 2019. The Contractor achieved substantial completion on June 5, 2019; therefore, is entitled to a $61,500.00 incentive per the contract.
This budget amendment authorizes the appropriation and expenditure of funds for a change order with Lawrence Lee Construction Services in the amount of $61,500.00 for meeting the early completion incentive within ITB #2018-109 for the Per-fluorinated Chemical Treatment System project.
Funding Source:
From: Fund Balance $61,500.00
To: Water Treatment, Capital Outlay $61,500.00
Recommended Action:
Motion to approve Resolution No. 62-2019; Budget Amendment No. 9. |