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08/28/2012 Resolutions 2012-228 RESOLUTION 2012-228 WHEREAS,the Aeration Basin Improvements Construction Project is at substantial completion; and WHEREAS, the need to withhold additional retainage in the schedule of values is not warranted; and WHEREAS,City staff and the consulting engineer, Black&Veatch of Kansas City, Missouri recommend reducing the current withheld retainage of$188,898.77 to $80,000.00; and NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that retainage be reduced to the amount of $80,000.00 with the contracting firm, Oakview dck, LLC of Red Oak, Iowa, for WWTP-2010-3 Aeration Basin Improvements project at the Wastewater Treatment Plant is hereby approved. BE IT FURTHER RESOLVED,that City Staff is hereby authorized and directed to execute such retainage reduction on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Islane, ebraskft, Aua..st 28, 2 a avri -k, Mayor Attest: ot,r---)a.,2_ a) . 0 RaNae Edwards, City Clerk Approved as to Form R .11 August 28,2012 a ity' rney