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FINAL ACCEPTANCE AND FINAL PAYMENT OF CONTRACT K-1516-147 BY AND BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND DOWNEY CONSTRUCTION COMPANY FOR THE SAXON PARK FITNESS TRAIL AND ROAD CONSTRUCTION PROJECT.
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BACKGROUND: On 10 May 2016, City Council approved Contract K-1516-147 for the Saxon Park Road and Trail Construction Project and accepted a grant from the Oklahoma Tourism and Recreation Department. This project was a second phase of the John Saxon Jr. Community Park development and included the construction of a paved fitness trail with outdoor exercise stations along the trail and continued construction of the park road.
The total contract with Downey Construction Company was in the amount of $267,261 which included $160,000 in Recreation Trails Grant funding, $50,000 Room Tax funding, $34,953 Community Park Land Development funding and $22,308 in Capital funding.
DISCUSSION: On 4 November 2016, the site was inspected by City staff and found to be complete as per specifications. Partial payments were made throughout the project.
RECOMMENDATION: It is recommended that City Council accept the Saxon Park Road, Parking and Trail Construction Project as complete and authorize final payment in the amount of $13,363.05 to Downey Construction Company.
Funding for the project is as follows
Recreation Trails Grant (account 022-9674-452.61-01; project PC0003) - $160,000
Saxon Park Development Room Tax (account 023-9674-452.61-01; project RT0081) - $50,000
Saxon Park Development Park Land (account 052-9674-452.61-01; project PC0003) - $34,953
Saxon Park Development Capital (account 050-9674-452.61-01; project PC0003) - $22,308