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Page 2 of 2 <br /> <br />Financial Implications <br />With the final payment, the total amount paid to the contractor is $1,618,265.47 which is <br />$49,610.72 over the awarded contract amount and approved by Council through the change order <br />process. Approximately 87% of the construction cost is being funded by Ramsey County through <br />a Cooperative Agreement. The remaining construction cost is being funded by Municipal State <br />Aid funds and assessments to the benefitted properties. <br /> <br />Attachments <br />Attachment A: Elfering letter <br />Attachment B: Final Payment Estimate #8