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MEMORANDUM <br /> DATE: December 17, 1998 <br /> TO: Honorable Mayor and Council <br /> FROM: Ry -Chel Gaustad, CMC City Clerk <br /> RE: Pay Estimate #3 for Parkview Addition <br /> Included in your packet is a copy of Lien Guaranty Inc. Bond Filing on Parkview Addition Street, <br /> Storm and Sanitary Sewer & Watermain. Bonine Excavating retained Northern Escrow Inc. to <br /> disburse checks on their behalf, for the above- mentioned project. Unfortunately, Northern Escrow <br /> has not paid Schmidt Curb Company, Inc. for services rendered. Therefore, the City received <br /> request for payment and now may file a claim against the Bonine Excavating's Construction bond. <br /> However, I spoke with former City Engineer Dave Nyberg and City Attorney James Hoeft and I <br /> suggested exploring other options, thus reducing paperwork. Options areas follows: <br /> 1. Do not pay the estimate until the City is in receipt of a lien waiver from the Bond <br /> Company. <br /> 2. Pay Northern Escrow less $5,322.70 and 5% retainage ($8,598.84). <br /> 3. Approve pay estimate 93, contingent upon Schmidt Curb Company's financial satisfaction. <br /> 4. Issue checks to both Schmidt Curb Company and Northern Escrow in their <br /> respective amounts, less the 5% retainage. <br /> City Attorney Hoeft will be present to discuss the options and to answer your questions. <br />