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Council approves pay application of $142,833.10 for museum and band shell project
Summary
Council approved the contractor pay application No. 1 totaling $142,833.10 for the museum and band shell project; staff said project is progressing on schedule with a reduced retainage rate.
The Lennox City Council approved pay application No. 1 for the museum and band shell project in the amount of $142,833.10.
City staff said the original contract was $2,230,000 and had been increased by approximately $7,300 for early change orders; additional RFIs since then included a band-shell door change and an upgrade to LED lighting. Staff reported the project is progressing on a reasonable schedule and that retainage had been reduced from 10% to 5% as the project reached later stages. Staff also said they discussed scheduling to have the band shell available for a concert the following week and expressed optimism that timelines would allow that event.
Council moved and seconded approval; the motion carried. Staff indicated routine performance bonds and standard contract retainage procedures remain in place until substantial completion.
