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1 REQUEST FOR COUNCIL ACTION <br />, <br />3 Date: 5/07/07 <br />4 Item No: 7.a <br />.� <br />6 Department Approval: Manager Approved: Agenda Section: <br />T � .�. � � � ��� <br />, ��'�;� l r��'���.'_L�-� . _... {-��}r,ur�: <br />� �� �� <br />9 Item Description: Approval of Payments <br />�� <br />]] <br />] 2 Introduction <br />]� State Statute requires the City Council to approve all payment of claims. The following <br />�� summary of claims has been submitted to the City for payment. <br />�� <br />9 {� <br />I? <br />18 <br />I {� <br />��f <br />�� <br />�� <br />?:} <br />�{� <br />�� <br />,� <br />�� <br />_, <br />�� <br />��� <br />3�k <br />3; <br />3? <br />3.� <br />�� <br />�� <br />ACH Payments $412,123.15 <br />47271-47368 $177,908.02 <br />Total $590,031.17 <br />A detailed report of the claims is attached. City Staff have reviewed the claims and considers <br />them to be appropriate for the goods and services received. All expenditures have been funded <br />by the current budget and/ar monies that have been donated. <br />For purposes of added information, all Twin Lakes-related items have been highlighted by an <br />asterisk on the attached report. Where applicable, these costs will be forwarded to the Twin <br />Lakes developer for reimbursement as specified under the terms and conditions of the <br />Redevelopment Agreement. In the event that the developer does not submit reimbursement, the <br />City will draw upon a bank-certified Letter of Credit by a corresponding amount. As of �rE�v �x <br />�i�t��, the City has drawn on the Letter of Credit by approximately $132,400.37. <br />Staff Reco�mea�da��v� <br />Staff recommends approval of all payment of claims. <br />Council Action Requested <br />Approve payment of claims as submitted. <br />