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4.4 SR 11-18-2024The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To City Council Item Number 4.4 Meeting Date November 18, 2024 Prepared By Ryan Sandhoefner, Engineering Project Manager Item Description Pay Estimates Reviewed by Justin Femrite Lori Stich Joe Stremcha Cal Portner Tina Allard 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 Estimate # Contractor Amount Mega Loop Trail Improvements 2 Veit & Company, Inc. $397,817.46 Mission/Policy/Goal Responsible for every dollar - good stewards. Attachments 1. Pay Estimate 2 - Veit & Company, Inc. Page 11 of 204 Justin Femrite Chief 11-7-24 Code: 225-4-8546-4530 Page 12 of 204 Page 13 of 204 Page 14 of 204