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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of the City Council <br /> <br />FROM: Eric Seaburg, P.E., City Engineer <br /> <br />DATE: July 13, 2022 <br /> <br />RE: Partial Payments #1 – 2022 Street Improvements <br /> <br />ACTION TO BE CONSIDERED: <br />Motion to approve Partial Pay Estimate No. 1 to Minnesota Paving and Materials in the amount <br />of $174,122.13. <br /> <br />BACKGROUND: <br />The total amount earned by the Contractor on this partial pay request is $183,286.45. <br />Withholding a 5% retainage, the amount due is $174,122.13. <br /> <br />SOURCE OF FUNDS: <br />Street and utility improvements will be funded through the City’s Infrastructure Capital <br />Improvement Fund and special assessments. <br /> <br />STAFF RECOMMENDATIONS: <br />Staff recommends that the City Council approve payment in the amount of $183,286.45 to <br />Minnesota Paving and Materials. <br />