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Page 1 of 1 <br /> <br />DATE: November 30, 2015 <br /> <br />TO: Honorable Mayor and City Councilmembers <br />Susan Iverson, Acting City Administrator <br /> <br />FROM: John Anderson, Acting Public Works Director <br /> <br />SUBJECT: Round Lake Road Area Improvement - Payment #10 <br /> <br />Requested Action <br /> <br />Approve Payment #10 to Meyer Contracting, Inc., in the amount of $24,063.55 for the Round <br />Lake Road Area Improvement. <br /> <br />Background <br /> <br />The City Council awarded the Round Lake Road Area Improvement to Meyer Contracting, Inc., <br />on May 12, 2014, in the amount of $1,766,605.41. <br /> <br />Discussion <br /> <br />This tenth pay request includes work through September 25, 2015. Five percent is being <br />withheld from the work completed according to the contract documents. The payment is in the <br />amount of $24,063.55. <br /> <br />Financial Implications <br /> <br />The following breakdown shows the funding sources and the amounts for Payment #10 <br /> <br />Funding Source Amount <br />Municipal State Aid/TIF $ 16,507.59 <br />Surface Water Management $ 3,753.91 <br />Water Utility Fund $ 3,802.05 <br />Total $ 24,063.55 <br /> <br />Attachments <br />Attachment A: Payment Estimate #10 <br />CONSENT ITEM – 6F <br />f MEMORANDUM