3.5. SR 07-20-1998~ity of
'ver
MEMORANDUM
**Item #3.5 **
TO:
FROM:
DATE:
SUBJECT:
Mayor & City Council
Lori Johnson, Asst. City Administrator/
Finance Director
July 20, 1998
Pay Estimates
Attached is a copy of a pay estimate for a 1998 improvement project. The
City Engineer has reviewed the pay estimate and recommends approval.
CONTRACTOR
PAYMENT
REQUEST
Pay Estimate No. 2 - Business Center Drive
Richard Knutson, Inc.
$131,338.30
RETAINAGE
$15,801.20
Action Requested
The City Council is asked to approve the Pay Estimate as listed above.
13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425
PARTIAL PAYMENT ESTIMATE
NO. 2
FROM: MAY 30. 1998
TO: JUNE 26, 1998
CONTRACTOR:
ADDRESS:
OWNER:
PROJECT:
RICHARD KNUTSON, INC.
12~ RHODE ISLAND AVENUE SOUTH, SAVAGE, MN 55378
CITY OF ELK RIVER
1998 BUSINESS CENTER DRIVE (230321J - 0071)
COMPLETION DATE
ORIGINAL:
REVISED:
AMOUNT OF CONTRACT:
ORIGINAL: $389,751.15
REVISED: $391,746.75
DESCRIPTION
BASE BID · TOTAL
CHANGE ORDER NO. 1 - TOTAL
E. XTRA WORK .- TOTAL
AMOUNT EARNED
AMOUNT RETAINED
MATERIAL ON SITE
MATERIAL DEDUCT.
PREVIOUS PAYMENTS
AMOUNT DUE
TOTAL THIS PERIOD
1,485.00
300
$138,250.~4
';6,912_54
$13.00
TOTAL TO DATE
314,239.09
1 ,.4~5.00
3O0
$316,024.~9
S15,801.:20
$0.00
$13'1,338.30
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