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CONSENT ITEM <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: October 28, 2013 <br /> <br />TO: Honorable Mayor and City Councilmembers <br />Patrick Klaers, City Administrator <br /> <br />FROM: Terry Maurer, Public Works Director <br /> <br />SUBJECT: 2013 Seal Coat Improvement - Final Payment <br /> <br /> <br />Requested Action <br /> <br />Approve Final Payment No. 1 to Pearson Brothers, Inc., for the 2013 Seal Coat Improvement in <br />the amount of $96,433.95. <br /> <br />Background <br /> <br />The City of Arden Hills awarded the 2013 Seal Coat Improvement to Pearson Brothers, Inc., on <br />June 10, 2013, in the amount of $96,433.95. <br /> <br />Discussion <br /> <br />Final Payment No. 1 (a copy is attached) is for all the work in the contract which is now <br />complete. Since this is the final payment, no retainage is being withheld. The amount due the <br />contractor is $96,433.95. <br /> <br />All funding for the 2013 Seal Coat Improvement comes from the PIR Fund. <br /> <br />Attachment <br /> <br /> <br />Attachment A: Payment No. 1 <br />11 <br />Page of <br /> <br />