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MEMORANDUM <br /> <br />**Item 3.2.** <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor and Council <br /> <br />Lori Johnson, Finance Director <br /> <br />November 26, 2001 <br /> <br />Pay Estimates <br /> <br />Attached are pay estimates for two improvement projects, including the final pay estimate for <br />the East Elk River water and sewer improvement project that started in 1999. The city <br />engineer has reviewed the pay estimates and recommends approval with the condition that the <br />final payment to S. R. Weidema, Inc., be held until the contractor delivers the hydrant tools <br />and keys as required by the contract. <br /> <br />CONTRACTOR <br /> <br />PAYMENT <br />REQUEST <br /> <br />RETAINAGE <br /> <br />Pay Estimate #1 - 2001 Overlay Improvements <br />Bauerly Brothers, Inc. $ 315,288.59 <br /> <br />$ 16,594.14 <br /> <br />FinM Pay Estimate (#18) - Eastern Acea Water and Sewer Improvements <br />S. R. Weidema, Inc. $ 249,133.29 <br />Total project cost is $5,690,752.00, which is less than the original contract amount of <br />$5,775,963.65. <br /> <br />Action Requested <br /> <br />The City Council is asked to approve the pay estimates as listed above with the payment to S. <br />R. Weidcma, Inc., to be released when all contract obhgations have been met. <br /> <br /> <br />