The City of Monticello, Iowa
RESOLUTION #2024-84
Approving Pay Request #1 to Bill Bruce Builders, Inc., Re: Wastewater Treatment Plant Improvement Project in the amount of $801,958.69
WHEREAS, The City of Monticello, Iowa is an incorporated city within Jones County, Iowa; and
WHEREAS, Bill Bruce Builders, Inc. contracted with the City for the construction of public improvements described in general, as construction of the Wastewater Treatment Facility Improvements Project, and
WHEREAS, Bill Bruce Builders, Inc. has submitted their first pay request in the gross amount of $844,167.04 which, after reducing same by the contractually agreed upon 5% retainer, reduces the current amount due to $801,958.69, and
WHEREAS, The Council finds that the pay request is supported by the work completed and that the City Engineer has recommended approval of said pay request.
NOW THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the first pay request from Bill Bruce Builders, Inc., in the amount of $801,958.69, same reflecting the maintenance of a 5% retainer in the current amount of $42,208.35.
IN THE TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 20th day of May 2024.
Wayne Peach, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer