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Page 1 of 1 <br /> <br />DATE: July 13, 2015 <br /> <br />TO: Honorable Mayor and City Councilmembers <br />Patrick Klaers, City Administrator <br /> <br />FROM: Terry Maurer, Public Works Director <br /> <br />SUBJECT: County Road E/Pine Tree Drive Improvements <br />Payment #3 <br /> <br />Requested Action <br /> <br />Approve Payment #3 to Park Construction, Inc., in the amount of $286,905.10 for the County <br />Road E/Pine Tree Drive Improvements. <br /> <br />Background <br /> <br />The City Council awarded the County Road E/Pine Tree Drive Improvements to Park <br />Construction, Inc., on February 9, 2015, in the amount of $1,349,913.06. <br /> <br />Discussion <br /> <br />This third pay request is primarily for removal and reconstruction of the north side curb and <br />gutter and the preparation of the dual left turn lanes at Lexington Avenue . The pay request is in <br />the amount of $286,905.10 after retainage of $15,100.27. <br /> <br />Financial Implications <br /> <br />Approximately eighty-seven percent of the construction cost is being funded by Ramsey County <br />through a Cooperative Agreement. The remaining construction cost is being funded by <br />Municipal State Aid funds and assessments to the benefitted properties. <br /> <br />Attachments <br /> <br />Attachment A: Payment Estimate #3 <br />CONSENT ITEM – 5B <br /> <br /> <br />MEMORANDUM <br />