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~/ <br />City of <br />Elk -~.--, <br />River <br />REQUEST FOR ACTION <br />To Item Number <br />Ci Council 3.3. <br />Agenda Section Meeting Date Prepared by <br />Consent anua 7, 2008 Tim Simon, Finance Director <br />Item Description Reviewed by <br />Pay Estimates Lori ohnson, Ci Administrator <br /> Reviewed by <br />Action Requested <br />The City Council is asked to approve the pay estimate as stated below. <br />Background/Discussion <br />Below is a pay estimate submitted for approval. This pay estimate has been reviewed and approved by <br />RJM construction, architect (BWBR) or department head in charge of the project. <br />Financial Impact <br />Pay Est. <br />Project No. Contractor Amount <br />YMCA project * 2 RJM Construction $419,641 <br />YMCA project * 3 RJM Construction 1,213,381 <br />* Due to the structure of the bond sale the Economic Development Authority (EDA) maintains a project <br />fund and debt service fund for the recreation facility project. The construction payments will be <br />approved by the EDA and the City Council. The EDA will approve the pay estimates on January 14, <br />2008. <br />Attachments <br />Pay estimate for the above project <br />Project budget vs. actual <br />Action Motion by Second by Vote <br />Follow Up <br />S: \Council\Tim\Payestimate0107. doc <br />