4.3. SR 02-19-2019 EGty1� ,.,�� Request for Action
River
To Item Number
Mayor and City Council 4.3
Agenda Section Meeting Date Prepared by
Consent February 19, 2019 Justin Femrite P.E.,Public Works Director
Item Description Reviewed by
Pay Estimate Cal Portner, City Administrator
Reviewed by
Action Requested
Approve,by motion, the pay estimates detailed below.
Background/Discussion
The following pay estimate has been reviewed and found to be accurate and in accordance with the
approved contracts.
Financial Impact
PROJECT Pay EST. # CONTRACTOR AMOUNT
Lion's Park Pond,Phase 2 2 Peterson Companies,Inc. $281,933.88
Attachments
■ Pay Estimate
The Elk River Vision
A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By
service, and community engagement that encourages and inspires prosperity INAMIRE1
PE #2
Stormwater Pond Dredging, Lion's Park Pond Phase 2
Peterson Companies, Inc.
8326 Wyoming Trail
Chisago City, MN 55013
Date of Work Jan 1 -Feb 2, 2019
Temporary ar LS
Pond Excavat CY
Pond Excaval CY
0.88$
5,800.00 $
5,725.00 $
Total Earned $318,678.33
Retainage Less 2.5% $ (7,966.96)
Less Previous Payment $ 28,777.50
Total PE 2 - Lion's Park Pond, Phase 2 $ $281.933.88
Approved by:
Original Quote: $325,076.80
Previous Payements: $ 28,277.35