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<br />~ <br /> <br /> <br />~ <br />EN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />September 19, 2007 <br /> <br />AGENDA ITEM 4.C. <br /> <br />TO: <br /> <br />Mayor and City Council <br />Michelle Wolfe, City Administrator <br /> <br />FROM: <br /> <br />Greg Hoag, Public Works Dire.c}~f / <br />Kristine Giga, Civil Engineer If:Jf::1 <br /> <br />SUBJECT: <br /> <br />Motion to Approve Payment #1 and Final to Pearson Bros., Inc. in the <br />Amount of $79,448.30 for the 2007 Crack Sealing and Seal Coat <br />Project. <br /> <br />BACKGROUND <br /> <br />The 2007 Crack Sealing and Seal Coat Project was awarded to Pearson Bros., Inc. of Hanover, <br />MN on July 30, 2007 for a total contract amount of $74,036.50. Since the 2007 budgeted amount <br />for seal coating was $100,000, City staff identified the Perry Park parking lot as an area that <br />would benefit from a seal coat at this time. This addition increased the project cost by <br />$4,460.00, for a total project cost of $78,496.50. <br /> <br />DISCUSSION <br /> <br />The project has been completed in accordance with the plans and specifications, with the <br />addition of the work at the Perry Park parking lot. Payment #1 represents final payment for the <br />work. <br /> <br />FINANCIAL IMPLICATIONS <br /> <br />The amount allocated in the 2007 budget for this project was $100,000. The recommended <br />payment of $79,448.30 exceeds the project cost of $78,496.50 by $951.80 due to additional <br /> <br />\\Metro-inet.us\ardenhills\PR&PW\Engineering\2007\Council_ Actions\9-24-07Memo _ Sealcoat_Payment_l andfinal.doc <br />