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' �� �� y xF 99(4/4 came <br />MAYOR <br />Michael 1. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Matt Anderson <br />Riek Montour <br />515 Little Canada Road, Little Canada. MN 55117-1600 ADMINISTRATOR <br />(651) 766 -4029 / FAX: (651) 766 -4048 Joel R. Hanson <br />www. ci.little- Canada. mn. us <br />MEMORANDUM <br />TO: Mayor Fahey & Members of the City Council <br />FROM: Greg Schroeder, Public Works Director <br />DATE: November 9, 2001 <br />RE: Little Canada Road Improvements Project <br />Partial Pay Estimate No. 9 <br />I have reviewed the Little Canada Road Improvement Project Pay Estimate No. 9 for Palda and <br />Sons, Inc. This pay estimate includes placement of the final bituminous lift and striping on Little <br />Canada Road. The City Engineer has inspected the work performed by Palda and Sons, Inc. and <br />finds it to be in compliance with the plans, specifications, and contract documents. <br />The original contract amount is $1,765,242.32, however, the contractor has only earned <br />$1,582,187.44 to date. Since this project is substantially complete, this will result in the total <br />project cost less than the original contract amount. <br />Since the project is substantially completed and contractor is working on the punch list items We <br />have reduced the retainage from 5% to 2.5 %. The remainder of the retainage ($39,554.69), <br />which is sufficient to cover the remaining work, will be held until all work is completed. <br />The total due the contractor this period is $113,659.35 + $39,554.69 released retainage = <br />$153,214.04. Based on the above, I recommend Council approval of Pay Estimate No.9 in <br />the amount of $153,214.04. <br />H: \GregSWay Estimates \Pay Estimate No. 9 Palda.doc <br />Page 32 <br />