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~-1 /~ <br />oty or <br />Elk -,-~ <br />River <br />REQUEST FOR ACTION <br />To Item Number <br />EDA 3.5 <br />Agenda Section Meeting Date Prepared by <br />Consent Aril 14, 2008 Tim Simon, Finance Director <br />Item Description Reviewed by <br />Pay estimate -YMCA project <br /> Reviewed by <br />Action Requested <br />'1"he Economic Development Authority (EDA) is asked to approve the pay estimate as stated below. <br />Bac kground/Discussion <br />Below is a pay estimate submitted for approval for the YMCA project. This pay estimate has been <br />reviewed and approved by RJM construction, architect (BWBR) or department head in charge of the <br />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 />Project <br />YMCA project* <br />Pay Est. <br />No. Contractor <br />7 RJM Construction <br />Amount <br />$1,333,989 <br />* Will be reviewed by the City Council on April 21, 2008. <br />Attachments <br />^ Pay estimate for the above project <br />^ Project budget vs. actual <br />ACtIOn ~'~-Potion by Second b}' Vote <br />Follow Up <br />S: \Council\Tim\EDAPayestimateYMCA#7.doc <br />