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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Fischer and Members of the City Council <br /> <br />FROM: Eric Seaburg, P.E., City Engineer <br /> <br />DATE: October 25, 2023 <br /> <br />RE: Partial Payment #5– Pioneer Park Improvements <br /> <br /> <br />ACTIONS TO BE CONSIDERED: <br />Motion to approve Partial Pay Estimate No. 5 to Albrecht Company in the amount of <br />$387,804.25. <br /> <br />BACKGROUND: <br />The total amount earned by the Contractor on this partial pay request is $709,424.00. The <br />amount previously paid is $286,148.55. Withholding a 5% retainage, the amount due is <br />$387,804.25. <br /> <br />SOURCE OF FUNDS: <br />Park improvements will be funded through the City’s Capital Improvement Plan Fund (Fund <br />400), the 10% Fund (Fund 408), American Rescue Plan Act (ARPA) funds, a MnDNR Grant, <br />and a donation from the Little Canada Recreation Association (LCRA). Lighting improvements <br />from Change Order 3will be funded with carryover funds from the 2022 Capital Improvement <br />Fund. <br /> <br />STAFF RECOMMENDATIONS: <br />Staff recommends that the City Council approve payment in the amount of $387,804.25 to <br />Albrecht Company. <br />