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HomeMy WebLinkAbout2025-440-08.04.2025.docDocusign Envelope ID: DA7FF1CO-8FB1-4546-89CD-7CA2C5C79972 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-440 RESOLUTION APPROVING COMPLETION OF PROJECT AND RECOMMENDATION OF ACCEPTANCE OF WORK FOR WORK PERFORMED BY CEDAR VALLEY CORPORATION, LLC, OF WATERLOO, IOWA, IN THE AMOUNT OF $5,170,968.34, IN CONJUNCTION WITH THE FY 2024 BROADWAY STREET RECONSTRUCTION PROJECT, CONTRACT NO. 1095, AND RECEIVE AND FILE A TWO-YEAR MAINTENANCE BOND. WHEREAS, Cedar Valley Corporation, LLC, of Waterloo, Iowa, has completed work in accordance with the terms and specifications of Contract No. 1095 for the FY 2024 Broadway Street Reconstruction Project; and WHEREAS, the total cost of the completed work is $5,170,968.34, and the project has been inspected and found to meet all required standards and specifications; and WHEREAS, Cedar Valley Corporation, LLC has provided a two-year maintenance bond, ensuring the quality and durability of the work performed. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, 1. The City Council hereby approves the completion of the FY 2024 Broadway Street Reconstruction Project as performed by Cedar Valley Corporation, LLC, under Contract No. 1095 and acknowledges the work has been completed satisfactorily. 2. The Council authorizes the formal acceptance of the work executed by Cedar Valley Corporation, LLC, as complete in accordance with the contract documents. 3. The City hereby receives and files the two-year maintenance bond provided by Cedar Valley Corporation, LLC, ensuring adherence to quality standards and providing assurance for the maintenance period. PASSED AND ADOPTED this 4th day of August 2025. L6Do:ubSigned/1�-by: A i,A `tA, A -a lVUAA(. 4 Quentin art,ayor ATTEST: "—Signed by: KtCy fell& k@ty t e cite 'pity Clerk SEAL q OC re. te