City of Monticello
RESOLUTION #2026-12
Approving Pay Request #5 to Roger Stephen, Re: Stephen Addition Trunk
Sewer Project and for partial payment of retainage to Roger Stephen,
Re: Stephen Addition Trunk Sewer Project in the amount of $250,221.85
WHEREAS, the City of Monticello, Iowa is an incorporated city within Jones County, Iowa; and
WHEREAS, the Council entered into an agreement (the “Development Agreement”) with Roger Stephen (the “Developer”) with respect to the construction of a regional sanitary sewer improvement, from Kitty Creek extending westerly to South Main Street, in the City of Monticello, County of Jones, State of Iowa, with Resolution #2025-99 dated July 21, 2025 and
WHEREAS, the Development Agreement would provide financial incentives to the Developer in the form of payments for a portion of the public infrastructure necessary to construct the subdivision, and
WHEREAS, Roger Stephen has been paid for their work for the section from Pay Request #2 & 3, with the exception of the retainage of 30% that has been held by the City, and that the City Engineer has recommended approval of reducing the retainage associated with the work completed for Pay Requests #2 & #3 from 30% down to 5%.and all work completed with Pay Request #5 is being retained at 30%, including items that have been tested and passed the required testing. With the cumulative amount of $250,221.85 for the work completed with Pay Request #5 being retained at 30% and reducing the retainage associated with the work completed for Pay Requests #2 & #3 from 30% down to 5%, and
NOW THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve Pay Request #5 for the partial retainage pay request from Pay Requests #2 & #3 from 30% down to 5%.and all work completed with Pay Request #5 is being retained at 30%, including items that have been tested and passed the required testing in the cumulative amount of $250,221.85.
IN THE TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 19th day of January 2026.
Jake Ellwood, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer