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<br />rei -\) <br />( )j <br />!fi~ <br /> <br />ITEM 7.11. <br /> <br /> <br />TO: <br /> <br />FROM: <br /> <br />MAYOR & CITY COUNCIL <br />LORI JOHNSON, FINANCE DIRECTOR~~ <br /> <br />DATE: SEPTEMBER 23, 1993 <br /> <br />SUBJECT: FINAL PAY ESTIMATE FOR HOLT <br />AVENUE AND 4TH STREET IMPROVEMENT <br />PROJECT <br /> <br />Attached is a copy of the final Pay Estimate to Bituminous <br />Consulting and Contracting, Inc., in the amount of $18,018.96 <br />for work completed on the Holt Avenue and 4th Street <br />Improvement Project. The total contract amount was <br />$148,867.88. <br /> <br />Of the final contract amount, $95,848.72 was assessed to <br />benefitted property owners. Taking into consideration the <br />contract and project overhead, this leaves the City with a <br />balance to be funded of approximately $88,000. The City's <br />portion of this project will be charged to the Capital Projects <br />Fund. <br /> <br />e <br /> <br />Terry Maurer has inspected this project, reviewed the Pay <br />Estimate, and recommends payment to Bituminous Consulting and <br />Contracting, Inc., in the amount of $18,018.96. <br /> <br />e <br /> <br />P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br />