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<br />. ~~-:J ' CONSULTING ENGINEERS <br /> Maier Stewart & Associates Inc. <br /> July 9, 1992 <br /> File No: 520-019-30 <br /> Honorable Mayor and City Council <br /> City of Arden Hills <br /> 1450 W. Highway 96 <br /> Arden Hills, MN 55112 <br /> RE: PAY ESTIMA1E NO.4 <br /> 1991 NOlITH SNELLING AVENUE STREET IMPROVEMENTS <br /> Dear Council Members: <br /> Please fmd attached three copies of Pay Estimate #4, in the amount of $63,198.73 for the above <br /> referenced project. This pay estimate represents final quantities for the entire project, as all <br /> punchlist items were successfully completed this week. The final construction cost for this project <br /> was $230,237.91. The contract price, including the necessary change order for additional <br />. subgrade excavation work was $242,504. This final construction costs represents a reduction of <br /> 5.1 % of the contract price. A fifth and fmal pay estimate will be processed to release the <br /> retainage amount of $10,125,20 when the Contractor has submitted all necessary paperwork. <br /> We will be submitting all necessary documentation to the Minnesota Department of Transportation <br /> to close out the State Aid account for this project. <br /> We respectfully recommend payment of Pay Estimate #4, in the amount of $63, 198.73 to Midwest <br /> Asphalt, Inc. for this project. <br /> We will be in attendance at your July 13, 1992 City Council meeting to further discuss this matter. <br /> Sincerely, <br /> MAIER S1EWART AND ASSOCIATES, INC. <br /> /Jf~4~ <br /> Mark J. Graham, P.E. <br /> MJG/ks <br /> enc. <br />. 019-Q901.JUL <br /> 1959 SLOAN PLACE, SUITE 200, ST. PAUL, MINNESOTA 55117 612-774-6021 <br /> 9800 SHELARD PARKWAY, SUITE 102, MINNEAPOLIS, MINNESOTA 55441 612-546-0432 . Equal Opportunity Employer <br />