Agenda - Council - 02/22/1983 - Laserfiche WebLink

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I Hakanson Anderson Associates, Inc. I I I engineers and surveyors 222 Monroe Street Anoka, Mbmesota 55303 612/427-5860 February 15, 1983 Honorable Mayor and City Council City of Ramsey 15153 Nowthen Boulevard N.W. Ramsey, Minnesota 55303 Re: Payment to U.D. Contracting 167th Avenue N.W. Project i I I I I I I I I Dear Council Members: At your council meeting on January 25, 1983, I presented Pay Estimate No. 5 on the above referenced project. This estimate was approved so it could be forwarded to the state for release of MSAS funds. The City of Ramsey should be receiving MSAS funds for that project in the next several days. In accordance to Pay Estimate No. 5, the contractor has completed $218,465.59 of work on the project. BY retaining five percent ($10,923.28) as allowed by State Statutes, the contractor's total payment due amounts to $207,542.31. To date, the contractor has been paid $180,000.00; therefore, I would recommend payment of $27,542.31 upon receipt of MSAS funds. It is our opinion that the $10,923.28 retainage is adequate to protect the City from loss due to defective work or failure to clean up the project. In addition to the retainage, the City has a performance bond from the Travelers Indemnity Company, which binds both the Travelers Indemnity Company 'and U.D. Contracting to the City for completion of the project. I will be present at your February 22., 1983 meeting to answer any further questions in regard to the project. Yours truly, HAKANSON ANDERSON ASSOCIATES, INC. I I I Peter R. Raatikka, P.E. PRR/j kw CC: Lloyd Schne/le, City Administrator Bill Goodrich, City Attorney File: RA3:15-1 I civil · municipal · planning · soils · land sur~'eying