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~j <br />City of <br />El -~-~ <br />River <br />REQUEST FOR ACTION <br />To Item Number <br />Economic Develo ment Authori 3.5 <br />Agenda Section Meeting Date Prepared by <br />Consent Se tember 14, 2009 Tim Simon, Finance Director <br />Item Description Reviewed by <br />Pay estimate -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 are the pay estimates submitted for approval for the YMCA project. The 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 />Project No. Contractor Amount <br />YMCA project* 20 RJM Construction $29,639 <br />* Will be reviewed by the City Council on September 21, 2009. <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\2009 \EDAPayestimateYMCA#20.doc <br />