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lt <br /> EN HILLS <br /> MEMORANDUM <br /> DATE: October 29, 2012 <br /> TO: Honorable Mayor and City Councilmembers <br /> Patrick Klaers, City Administrator <br /> FROM: Terry Maurer, Public Works Director <br /> SUBJECT: 2011 PMP Final Payment#4 <br /> Background <br /> The City Council awarded Astect Corporation of St. Cloud, Minnesota, the 2011 <br /> Pavement Management Program (PMP) project on April 25, 2011, in the amount of <br /> $1,056,476.80. Change Order 41 was approved by the City Council at the August 8, <br /> 2011, meeting in the amount of $9,322.60 for minor modifications to the storm sewer <br /> improvements. There were no other changes to the contract amount; therefore, the total <br /> contract amount was $1,065,799.40. <br /> There was no additional work performed for payment with this pay estimate, it simply <br /> reflects the coordination of final quantities and the release of the 5% retainage. Final <br /> payment#4 is in the amount $64,651.80. <br /> Financial Implications <br /> With the final payment the total paid to the contractor is $1,057,872.89 which is slightly <br /> under the awarded contract amount. The following table provides the breakdown by fund <br /> of the awarded amount versus the final payment amount. <br /> Funding Summary <br /> Fund Bid Award Final Construction Cost <br /> PIR $ 833,094.22 $ 816,353.14 <br /> Surface Water 101,368.97* 95,258.64* <br /> Water 118,983.78 133,160.63 <br /> Sanitary Sewer 12,352.43 13,100.48 <br /> $1,065,799.40 $1,057,872.89 <br /> *The City received cost-share funding from Rice Creek Watershed District in the <br /> amount of$21,000. <br /> City Council Meeting <br /> PAAdmin\Council\Agendas&Packet Information\2012\10-29-12 Reg Mtg\Packet\10-29-12 2011PMP Final Payment.doc <br /> Page 1 of 2 <br />