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<br />A./ ~\ <br />( II <br />flk River <br /> <br />ITEM 8.5.c. <br /> <br /> <br />TO: <br /> <br />MAYOR & CITY COUNCIL <br /> <br />FROM: <br /> <br />~ <br />LORI JOHNSON, FINANCE DIRECTOR ~~ <br /> <br />DATE: AUGUST 19, 1993 <br /> <br />SUBJECT: PAY ESTIMATE BOR-SON CONSTRUCTION <br /> <br />At last Monday's Council meeting the City Council tabled <br />approval of a Pay Estimate in the amount of $57,990.10 to <br />BOR-SON Construction. Since that time, staff has had several <br />discussions with Eos and BOR-SON regarding the items yet to be <br />completed. Most of the items yet to be completed relate to the <br />Police facility; however, there have been ongoing concerns and <br />problems with the heating and ventilation in the entire <br />building. A list of concerns has been provided to both Eos and <br />BOR-SON. James Ericson of BOR-SON indicated that he was <br />unaware of some of the problems. However, now that he has a <br />written list he will make every effort to get the items <br />completed as soon as possible. <br /> <br />e <br /> <br />The City is holding retainage on the building in the amount of <br />$53,653.86. This amount should be adequate to cover the items <br />that need to be corrected or completed. Also, the contract sum <br />to date is $2,168,193. The amount completed and stored to date <br />is $2,146,127.86. That leaves a balance of $22,065.14 or a <br />total of $75,719.00 in retainage plus the balance to finish. <br />As I stated earlier, this balance should be adequate to cover <br />the outstanding items. <br /> <br />e <br /> <br />P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br />