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City of <br />Pequott <br />Lakes— <br />AGENDA ITEM #3.6 <br />REPORT TO <br />CITY COUNCIL <br />Date: July 7, 2009 <br />Subject: Partial Pay Estimate #2 — South Oak Project <br />Report: The attached partial pay estimate in the amount of <br />$62,420.68 has been approved by the City Engineer and Mike <br />Loven. A 5% retainer of this amount has been deducted from the <br />payment. The total payment to the contractor will be $59,299.65. <br />Council Action Requested: Council motion approving Partial <br />Pay Estimate #2 in the amount of $62,420.68 with a retainer of 5% <br />(actual payment at this time is 59,299.65). <br />