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~C~~~ <br />v <br />Total estimated project cost X86,890.10 <br />In our letter of April 30th, 1958 we estimated the total contract to <br />be ~8i~,437.l~t~. <br />btie have also made an estimate of the final contract amount for the <br />Peter Lame+ti Construction Company. <br />The total contract plus extras equals ~ 617,573.22 <br />Deduct Credits 1,100.80 <br />This includes the amount of °617.00 as a credit for the work omitted <br />on Tatum St. and a credit to the Village in the amount of X339.80 <br />which represents one-half the cost of cleaning the culverts and <br />ditches along Ruggles Ave. <br />The net contract equals ~ 646,572.k2 <br />The amount of previous payments equals 615,l~59.82 <br />Estimated final amount to Peter Lametti Con- <br />struction Co. 31,112.60 <br /> The estimated total contract cost to Peter Lametti <br /> Construction Co. and Jay W. Craig Co. 733,1162.00 <br /> Deduct original contract amount as follows: <br /> Jay W. Craig Co. ~ 71,22$.00 <br /> Peter Lametti Construction Company ~ 621,630.65 <br /> Total ~ 692,858.65 <br /> Overrun of the two contracts 96 110,603.87 <br />In our letter of April 30th we estimated the overrun on both contracts <br />to be X39,169.96. The difference between the final estimated cost and <br />those submitted to you on April 30th is plus ~1,1131t.91." <br />Mayor Nilsen expressed his disavpointment that the contract would <br />exceed the °900,000.00. <br />Tatum St. WHEREAS, pursuant to an advertisment for bids for the improvement of <br />Resolution Tatum St. from Larpenteur Avenue to Roselawn Avenue by grading and <br />storm sewer work, the bid of T. A. Shifsky & Sons in the amount of <br />X68,673.115 was received complying with the advertisement. <br />AND WHEREAS it appears that T. A. Shifsky & Sons, 361 W. County <br />Road E., St. Paul 12, is the lowest responsible bidder, NOW <br />THEREFORE BE IT RESOLVED BY THE VII;CAGE COUNCIL OF FALCON HEIGHTS, <br />MINNESOTA: <br />The Pdayor and Clerk are hereby authorized and directed to enter <br />into the contract submitted with T. A. Shifsky 3c Sons, 361 W. <br />County Road E., St. Paul, 12, Minnesota, in the name of the Village <br />of Falcon Heights for the improvement of Tatum Street from Larpenteur <br />Avenue to Roselawn Avenue by grading and storm sewer construction <br />