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REQUEST FOR ACTION <br />To Item Number <br />Ci Council 3.3. <br />Agenda Section Meeting Date Prepared by <br />Consent Februa 19, 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 estimates as stated below. <br />Background/Discussion <br />Below are pay estimates submitted for approval. These pay estimates have been reviewed and approved <br />by RJM construction, architect (BWBR/KITE) or department head in charge of the project. <br />Financial Impact <br />Project <br />YMCA project <br />WWTP Phase II Improv.** <br />Pay Est. <br />No. Contractor <br />5 RJM Construction <br />1 Gridor Constr., Inc. <br />Amount <br />$511,014 <br />36,602 <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 approved the pay estimate on February 11, 2008. <br />**Gridor has elected to submit securities in lieu of retainage. <br />Attachments <br />^ Pay estimates for the above projects <br />^ Project budget vs. actual (YMCA project) <br />Action Motion by Second by Vote <br />FOIIOW Up <br />C:\Documents and Settings\jmiller\Local Settings\Temporary Internet <br />Files\OLK3E\Payestimate0219.doc <br />