HomeMy WebLinkAbout2025-626-11.03.2025.docDocusign Envelope ID: 1AA01DEC-56A7-41BA-8480-C42A884085C3
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-626
RESOLUTION APPROVING COMPLETION OF PROJECT
AND RECOMMENDATION OF ACCEPTANCE OF WORK
FOR WORK PERFORMED BY PETERSON CONTRACTORS,
INC., OF REINBECK, IOWA, IN THE AMOUNT OF
$15,326,632.08, IN CONJUNCTION WITH THE FY 2020
UNIVERSITY AVENUE RECONSTRUCTION PHASE 3
PROJECT, CONTRACT NO. 971, AND RECEIVE AND FILE A
TWO-YEAR MAINTENANCE BOND.
WHEREAS, Peterson Contractors, Inc. has completed the work associated with FY 2020
University Avenue Reconstruction Phase 3 Project, Contract No. 971, as per the contract
specifications with the City of Waterloo, Iowa; and
WHEREAS, the City Engineer has inspected the Project and recommends approval of
completion and acceptance of the work in accordance with the plans and specifications; and
WHEREAS, the final contract amount for the Project is $15,326,632.08; and
WHEREAS, the Contractor has submitted a two-year maintenance bond guaranteeing the
work as required by the contract documents.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. The completion of the project by Peterson Contractors, Inc., in the amount of
$15,326,632.08 for the FY 2020 University Avenue Reconstruction Phase 3 Project, Contract
No. 971, is hereby approved.
2. The work is accepted as meeting the required standards and specifications set forth in
the contract.
3. The two-year maintenance bond provided by Peterson Contractors, Inc. is hereby
received and filed to ensure continued compliance with quality standards.
PASSED AND ADOPTED this 3rd day of November 2025.
DocuSigned by:
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Signed by:
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Kelley Felchle, City Clerk
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