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� <br />EN HILLS <br />MEMORANDUM <br />DATE: <br />TO: <br />FROM: John M. Anderson, Assistant City Engineer ��,�,� <br />SUBJECT: Valentine Park Improvements - Payment #1 <br />Background <br />The City of Arden Hills awarded Interstate Pavement Maintenance of Forest Lake, <br />Minnesota, the Valentine Park Improvements Project on April 30, 2012, for a total contract <br />amount of $321,757.00. ; , - <br />Discussion <br />This pay request includes woriz on the project,completed through May 31, 2012. The major <br />work, completed as a part of this payment includes mobilization, clearing, grubbing, site <br />grading, erosion control, and sanitary sewer realignment. <br />` Financial Implications ` ` � <br />The following breakdown shows the fundmg sources and amounts for Payment #1: <br />Funding Source Amount <br />June 11, 2012 <br />Honorable Mayor and City Councilmembers <br />Patrick Klaers, City Administrator <br />Surface Water Management $ 67,445.07 <br />Sanitary Sewer $ 6,484.00 <br />Total $ 73,929.07 <br />After subtracting retainage of 5% ($3,696.45) the amount due the contractor is $70,232.62: <br />; . ,. , . , , .� <br />?� <br />., , ,;, <br />� Council Action Requested R =. ' �: . <br />Approve payment #1 to Interstate Pavement Maintenance in the amount of $70,232.62 for the <br />Valentine Park Improvement Project. " <br />C:\Users\sonja.klingberg�Desktop\6-11-12 memo payment nol.doc <br />Page 1 of 1 <br />