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<br /> <br />City of Elk River <br />REQUEST FOR COUNCIL ACTION <br />Agenda Section Meeting Date <br />Consent March 19, 2007 <br />Item Description <br />Pay Estimates <br /> <br />Item Number <br />3.2. <br /> <br />Prepared by <br />Tim Simon, Finance Director <br />Reviewed by <br /> <br />Introduction <br /> <br />Below is a final pay estimate submitted for approval. <br />by the city engineer. <br /> <br />The pay estimate has been reviewed and approved <br /> <br />DISCUSSION <br />The contractor for the 2005 Street Improvement Project was Universal Enterprises. During 2006, <br />Universal Enterprises ceased business operations. The bonding company for Universal Enterprises hired <br />Hardives, Inc. to complete the work on the City project. <br /> <br />The project had an overrun of approximately 2.5% mainly related to field changes to the underground <br />utilities on the project. <br /> <br />Financial Impact <br /> <br />Project <br />2005 Strect Improvemcnt Proj. <br />2005 Street Improvement Proj. <br /> <br />Pay Est. <br />No. <br />F <br />F <br /> <br />Contractor <br /> <br />Hardrives, Inc. <br />CNA Surety <br /> <br />Amount <br />$ 115,298.06 <br />32,622.33 <br /> <br />Attachments <br /> <br />. Memo from City Engineer to CNA surety describing finalizing of the project <br /> <br />. Response from CNA surety <br /> <br />Action Requested <br />The City Council is asked to approve the pay estimate and change order as stated above. <br /> <br />Council Action <br /> <br />Motion by_ <br /> <br />Second by _ <br /> <br />Vote <br /> <br />Follow Up <br /> <br />c: \Documents and Settings \jnullcr\Local Settings \ Temporary Internet Files\ OLK3E\Pay Esbmatoo0319 .doc <br />