City of Monticello
RESOLUTION #2026-26
Approving Pay Request #7 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 $70,930.67
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 performed to date, with the exception of the retainage that has been held by the City. The City Engineer has reported the improvements completed as part of the previous pay requests, which include earthwork, dewatering, sanitary sewer installation, sanitary sewer testing and storm water pollution prevention. All of the sanitary sewers and manholes have passed testing requirements. The City Engineer has recommended approval of reducing the retainage associated with improvements completed as part of the previous pay requests from 30% down to 3%, in the amount of $70,930.67, and
NOW THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve Pay Request #7 for the partial retainage pay request for the work performed to date in the amount of $70,930.67, same reflecting the maintenance of a 3% retainer in the current amount of $36,962.51.
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 16th day of March 2026.
Jake Ellwood, Mayor
Attest:
Sally Hinrichsen, City Clerk/Treasurer