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~/ <br />City of <br />El -,.-_- <br />River <br />REQUEST FOR ACTION <br />To Item Number <br />EDA 3.5 <br />Agenda Section Meeting Date Prepared by <br />Consent March 9, 2009 Tim Simon, Finance Director <br />Item Description Reviewed by <br />Pay estimates -YMCA project <br /> Reviewed by <br />Action Requested <br />The Economic Development Authority (EDA) is asked to approve the pay estimates as stated below. <br />Bac kgrou nd/Discussion <br />Below are the pay estimates submitted fox approval fox the YMCA project. These pay estimates have <br />been reviewed and approved by RJM construction, architect (BWBR) ox department head in charge of <br />the project. <br />Due to the structure of the bond sale the EDA maintains a project fund and debt service fund for the <br />recreation facility project. The construction payments will be approved by the EDA and the City <br />Council. <br />Financial Impact <br />Pay Est. <br />Project No. Contractor Amount <br />YMCA project* 16 RJM Construction $25,821 <br />YMCA project** 17 RJM Construction 51,613 <br />* Reviewed by the City Council on February 17, 2009, as the February EDA meeting was canceled. <br />** Will be reviewed by the City Council on March 16, 2009. <br />Attachments <br />^ Pay estimates for the above project <br />Project budget vs. actual <br />Action Motion by Second by Vote <br />Follow Up <br />S: \ Council\Tim\2009\EDAPayes timateYMCA# 16& 17. doc <br />