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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 anua 12, 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 estimate as stated below. <br />Background/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 />Pay Est. <br />Proiect No. Contractor Amount <br />YMCA project* 15 RJM Construction $49,520 <br />* Will be reviewed by the City Council on January 20, 2009. <br />Attachments <br />Pay estimates for the above project <br />Project budget vs. actual <br />ACtlori Motion by Second by Vote <br />Follow Up <br />S: \Council\Tim\2009\EDllPayestimateYMC~1# 15.doc <br />