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4.3.B. SR 09-19-2011REQUEST FOR ACTION TO ITEM NUMBER Ci Council 4.3.B. AGENDA SECTION MEETING DATE PREPARED BY Consent Se tember 19, 2010 ustin Femrite, Ci En ' eer ITEM DESCRIPTION REVIEWED By 2011 Seal Coat Improvements Pay Estimate Phil Hals, Street Su erintendent REVIEWED BY Robert Thistle, Int(ed~ity Administrator \\ \ V ACTION REQUESTED The City Council is asked to approve the pay estimate as described below. BACKGROUND/DISCUSSION Listed below is the final pay estimate that has been submitted for approval. The pay estimate has been reviewed and is found to be accurate and in accordance with the contract documents. FINANCIAL IMPACT PROJECT 2011 Seal Coat Improvements PAY EST. /$ CONTRACTOR 1-Final Pearson Bros. Inc. AMOUNT $314,167.92 The awarded contract was for $311,234.40. The $2,935.52 overrun will be covered within the approved. 2011 street budget. ATTACHMENTS ^ Pay estimate as referenced above Action Motion by Second by Vote Follow Up N:\Public Bodies\City Council\Council RCA\Agenda Packet\09-19-2011\Pay Estimates.docx PEARSON BROS., INC. i io79 LAMONT AVE. N.E. I-IANOVER, MN 55341-4463 BILL TO City of Elk Giver Atten; Phil Hals 13065 Orono Parkway Elk River, MN 55330-5800 II1VQlCE~ DATE INVOICE N0. 9/13/2011 2869 P.0. N0. TERMS PROJECT Due ITEM . DESCRIPTION QTY RATE AMOUNT. Crs-2 P Bituminous Material For Seal Coat -Streets 96,379 2.48 239,019.92 Seal Coat Square Yard Seal Coat As Per Contract 370,000 0,17 62,900.00 Crs-2 P Bituminous Material For Seal Coat -Parking 2,080 2.85 5 928 00 Lots , , Aggregate FA-2 Aggr®gate Plaesd -Parking Lots 8,000 0.79 8,320.00 3) ~-~yog Thank You For Your Business, Phone # Fax # (763) 391-6622 (763) 391.6627 TO~a ~ $314,167.92 Z 'd 909 'ON Sr7d8 N0Sdd3d Wd60~6 l lOl '~l 'd3S