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HomeMy WebLinkAbout8-21-07 ElevWaterTank No 2 Pay No 11 - final City Council Date: August 21, 2007 CONSENT Item: 5 Motion ITEM: Lake Elmo Elevated Water Storage Tank No. 2 Payment Certificate No. 11 (Final) SUBMITTED BY: Jack Griffin, City Engineer REVIEWED BY: Susan Hoyt, City Administrator Tom Bouthilet, Finance Director Ryan Stempski, Assistant City Engineer SUMMARY AND ACTION REQUESTED: The city council is being asked to approve final payment to Chicago Bridge and Iron (CB&I) Constructors, the contractor for the Elevated Water Storage Tank No. 2 project. CB&I has submitted Payment Certificate No. 11 (Final) for $41,304.34. Retainage is being released with this final payment in accordance with the contract. Payment represents 100% of the current total contract amount of $1,154,965.59. RECOMMENDATION Staff recommends final payment in the amount of $41,304.34 to CB&I for the Elevated Water Storage Tank No. 2 project. SUGGESTED MOTION FOR CONSIDERATION Approve payment in the amount of $41,304.34 for the Elevated Water Storage Tank No. 2 project, to be paid from the Elevated Water Storage Tank No. 2 Project Fund. ATTACHMENTS 1. Payment Certificate No. 11 - Final