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4.3 SR 02-20-2024 Request for Action To Item Number Mayor and City Council 4.3 Agenda Section Meeting Date Prepared by Consent Agenda February 20, 2024 Brandon Wisner, Engineering Project Manager Item Description Reviewed by Pay Estimates Justin Femrite P. E., Public Works Director Reviewed by Cal Portner, City Administrator Action Requested Approve, by motion, the pay estimate detailed below. Background/Discussion The following pay estimate has been reviewed and found to be accurate and in accordance with approved contracts. Financial Impact PROJECT Pay Est. # Contractor Amount Rolling Hills Stormwater Pond Dredging 1 - Partial Valdes Lawn Care & Snow Removal, LLC $46,426.50 Mission/Policy/Goal  Ethical, efficient and responsible Attachments  Pay Estimate 1 – Valdes Lawn Care & Snow Removal, LLC The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023 th INVOICE 9591 60 Street North Lake Elmo, MN 55042 34772 (651) 714-7113 Net 90 joe@valdeslawn.com 01/26/2024 valdeslawn.com 06/30/2024 City of Elk River 13065 Orono Parkway Elk River, MN 55330 DATEACTIVITYQTYRATEAMOUNT ***Rolling Hills Pond Dredging*** Temporary and Permanent Turf Restoration as Needed12,000.0012,000.00 Pond Excavation SRV Level 1 (EV)70024.7517,325.00 Pond Excavation SRV Level 2 (EV)38027.7510,545.00 Clearing and Grubbing of Dredging Sites9,000.009,000.00 Note: Customer is to pay 95% of the project on February 21st, 2024 and remaining 5% in June of 2024, after turf inspection. - A 3% increase as convenience fee will reflect on the final estimate/ invoice when payments are made by phone with credit card -Final payment for work completed is due upon completion of the work performed. Any balances not paid in full within 15 days of work being completed will be charged a 5% interest fee per month until the amount is paid in full.