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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: November 8, 2023 <br /> <br />RE: Partial Payment #6 – Twin Lake Boulevard Improvements <br /> <br /> <br />ACTIONS TO BE CONSIDERED: <br />Motion to approve Partial Pay Estimate No. 6 to Minnesota Paving and Materials in the amount <br />of $344,025.35. <br /> <br />BACKGROUND: <br />The total amount earned by the Contractor to date is $1,706,334.35. The amount paid previously <br />is $1,276,992. Withholding a 5% retainage, the amount due is $344,025.35. <br /> <br />SOURCE OF FUNDS: <br />Street and utility improvements will be funded through the City’s Infrastructure Capital <br />Improvement Fund, special assessments, a cost-sharing Agreement with the City of Vadnais <br />Heights, and a grant received through Ramsey County’s Community Development Block Grant <br />Program. <br /> <br />STAFF RECOMMENDATIONS: <br />Staff recommends that the City Council approve payment in the amount of $344,025.35. <br />