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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: March 12, 2025 <br /> <br />RE: Payment #8 (Final) – Twin Lake Boulevard Improvements <br /> <br /> <br />ACTIONS TO BE CONSIDERED: <br />Motion to approve Final Pay Estimate No. 8 to Minnesota Paving and Materials in the amount of <br />$74,312.95. <br /> <br />BACKGROUND: <br />Work on this project has been complete for some time. However, it took the contractor several <br />months to submit all of the necessary closeout forms and documents. <br /> <br />The final amount earned by the Contractor on this project is $1,820,865.91 Withholding <br />previous payments, the amount due is $74,312.95. <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 $74,312.95. <br />