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WHEREAS, Public Works Director/Principal Engineer, Brian Olson has inspected the <br />completed work and recommend 6 partial payment to be paid as such: to LaTour Construction <br />in the amount of $1,192,365.28 and Securities America for retainage of $62,756.06 for a total <br />payment of $1,255,121.34. <br />WHEREAS, Public Works Director/Principal Engineer, Brian Olson has <br />inspected the completed work and recommend 7 partial payment to be paid as such: to LaTour <br />Construction in the amount of $89,473.02 and Securities America for retainage of $4,709.11 for <br />a total payment of $94,182.15. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the City Council hereby authorizes partial payment to LaTour Construction for <br />Improvement Project #03 -20 in the amount of $94,182.15. <br />That the City Council hereby accepts the project and authorizes the Mayor or City <br />Administrator to sign the release form for this payment. <br />That the total amount of this payment is not included in resolutions approving payment of <br />bills for the date of October 24, 2006. <br />4) That the City of Ramsey Finance Department will be provided a signed copy of this <br />resolution. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />, and upon vote being taken thereon, the following voted in favor thereof: <br />and the fallowing voted against the same: <br />and the following abstained: <br />and the following were absent: <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this the 24t day of October 2006. <br />ATTEST: <br />City Clerk <br />Mayor <br />RESOLUTION #06- 10 -XXX <br />Page 2 of 2 <br />