Title
FINAL PAYMENT: $126,110.02
2540 W. JACKSON BLVD
PARK #574 DEVELOPMENT
ALL-BRY
SPECIFICATION NO. P-11004-051R
Body
To The Honorable Board of Commissioners of the Chicago Park District:
I. Recommendation
This is to certify that All-Bry Construction Company on May 26, 2015 completed in a satisfactory manner and in full compliance with the terms and conditions of the contract, all work in connection with Park #574 Development. The inspector approving final payment is Steffan Schoenauer.
It is therefore recommended that an order be approved for Final Payment in favor of All-Bry Construction Company in the amount of $126,110.02.
II. Final Payment Information
Vendor/Contractor: All-Bry Construction Company
145 Tower Drive Suite 7
Burr Ridge, IL 60527
Date of Notice to Proceed: September 30, 2013
Substantial Completion Date: September 30, 2014
Final Completion Date: May 26, 2015
Original Contract Amount: $2,200,400.00
Approved Change Orders: $ 68,203.30
Total Contract Amount $2,268,603.30
Aggregate Amount Paid to Date: $2,142,493.28
Amount of This Final Payment $ 126,110.02
Original Contract Amount Final Contract Amount Waived
MBE $600,000.00 (27.3%) $834,725.00 (36.8%) NO
WBE $118,688.00(5.4%) $115667.00 (5.1%) NO
III. Budget and Financial Information
Budget Classification: Capital
Fiscal Year: 2013
Funding code: 351.8260.0574.627030.IF001.G2.08.55149
IV. Explanation
The Park District will develop a 2.27 acre vacant site adjacent to the Chicago Housing Authority's Rockwell Gardens into a new outdoor active recreation park within Chicago's Near West Side Community area that has a growing residential population. The new park was part of a land exchange with the CHA that was previously approved by the Board on August 13, 2008. Before transfer, W. Adams Street was legally vacated between S.Rockwell Street on the north and S. Maplewood Street on the south creating the contiguous footprint for p...
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