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REQUEST FOR ACTION <br />To Item Number <br />EDA 3.5 <br />Agenda Section Meeting Date Prepared by <br />Consent December 8, 2008 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 estimate as stated below. <br />Background/Discussion <br />Below is a pay estimate submitted for approval fox 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 Ciry <br />Council. <br />Financial Impact <br />Pay Est. <br />Project No. Contractor Amount <br />YMCA project* 14 RJM Construction $282,961 <br />* Will be reviewed by the City Council on December 15, 2008. <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\ 2008\EDrlPayestimateYMC~1# 14.doc <br />