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AGENDA ITEM #9.1.0 <br /> c=��f <br /> Pequot <br /> Lakes=� <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Tim Houle <br /> Date• May 5, 2020 <br /> Subiect: Rasmussen Road & South Washington Avenue Improvement Project <br /> — Partial Payment Estimate <br /> Report: The Construction Contract calls for payments to the Contractor, RL <br /> Larson Excavating, on a monthly basis. This Project is a unit price job where the <br /> Contractor provided unit prices for estimated quantities for different items of work. <br /> RL Larson Excavating has submitted quantities for the work performed in this first <br /> Partial Payment Estimate (PPE) Number l, which we have verified. All PPEs, per <br /> the Contract, include 5% retainage held back by the City until the end of <br /> construction. <br /> We are holding weekly progress meetings with RL Larson Excavating and at this <br /> very early stage in the Project, they indicate they are on schedule. <br /> Council Action Requested: Council motion approving Partial Payment Estimate <br /> Number 1 to RL Larson Excavating Inc. in the amount of$468,238.07. <br />