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Financial Imnlications <br />The construction costs for this project will be paid for using grant monies (ARRA- <br />American Recovery and Reinvestment Act, SRTS- Safe Routes to School, and DNR <br />Local Trail Connection Program.) These are reimbursable grant programs which require <br />recipients to front project costs and be reimbursed during the course of the project. <br />Construction payments and reimbursements will be coded to the Special Revenue- Park <br />Fund. <br />The total revised contract amount with the additional changes is $484,019.76, and is <br />$1,219.76, or 0.3 %, more than the total amount allocated to the City through grant <br />monies ($482,800). <br />Council Action Requested <br />Approve Payrnent #7 to American Liberty Construction, Inc. in the amount of $20,545.35 <br />for the Elmer L. Andersen Memorial Connections Trail Project. <br />City Council Meeting <br />\�1Vletro-inet.us\ardenhills�PR&PW�Engineering\Council Actions�2011\12-12-11Memo_ELA Payment#7.doc <br />Page 2 of 2 <br />