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DATE: June 13, 2016 <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 #11 <br /> <br />Requested Action <br /> <br />Approve Payment #11 to Meyer Contracting, Inc., in the amount of $1,015.79 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 eleventh pay request includes an adjustment to the installed fence quantity. Five percent is <br />being withheld from the work completed according to the contract documents. The payment is <br />in the amount of $1,015.79. <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 $ 1,015.79 <br />Surface Water Management $ 0.00 <br />Water Utility Fund $ 0.00 <br />Total $ 1,015.79 <br /> <br />Attachments <br />Attachment A: Elfering 6/1/16 Letter <br />Attachment B: Payment Estimate #11 <br />CONSENT ITEM – 5D <br /> <br /> MEMORANDUM <br />