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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: December 20, 2023 <br /> <br />RE: Partial Payment #7 – Twin Lake Boulevard Improvements <br /> <br /> <br />ACTIONS TO BE CONSIDERED: <br />Motion to approve Partial Pay Estimate No. 7 to Minnesota Paving and Materials in the amount <br />of $125,535.33. <br /> <br />BACKGROUND: <br />The total amount earned by the Contractor to date is $1,782,196.90. The amount paid previously <br />is $1,621,017.63. Withholding a 2% retainage, the amount due is $125,535.33. The remaining <br />2% retainage, equal to $35,643.94 will be released once final punchlist work is completed in the <br />Spring. <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 $125,535.33 to <br />Minnesota Paving and Materials. <br />