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<br />rei ----\) <br />( )j <br />tril <br /> <br />ITEM 4.6. <br /> <br />FROM: <br /> <br />MAYOR AND CITY COUNCIL \ <br />LORI JOHNSON, FINANCE DIRECTOR~~ <br /> <br /> <br />TO: <br /> <br />DATE: <br /> <br />11/10/93 <br /> <br />SUBJECT: PAY ESTIMATES <br /> <br />a. HILLSIDE ESTATES FINAL PAY ESTIMATE <br /> <br />A copy of the Final Pay Estimate to R.L. Larson Excavating, <br />Inc., in the amount of $23,671.74 for work completed on the <br />Hillside Estates project is attached. The final construction <br />cost of these improvements was $460,112.50. The entire cost <br />was assessed to the developer and is payable over three years. <br /> <br />b. PAY ESTIMATE #1 FOR MEADOWVALE HEIGHTS TRUNK UTILITY <br />IMPROVEMENTS <br /> <br />Attached is a copy of Pay Estimate #1 to Richard Knutson <br />Construction, Inc., for work completed on the Meadowvale <br />Heights Trunk Utility Improvements. The pay estimate is in the <br />amount of $156,468.63. The City is holding retainage of <br />$17,385.40. <br /> <br />. <br /> <br />The City Engineer has inspected the work completed on each of <br />these projects, reviewed the pay estimates and recommends <br />payment of $156,468.63 to Richard Knutson Construction, Inc., <br />and payment of $23,671.74 to R.L. Larson Excavating, Inc. <br /> <br />. <br /> <br />P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br />