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IR <br />www.ae2s.com <br />Summary <br />Based on the items noted above, AE2S believes the construction of the water treatment plant is <br />progressing well and is not expected to require additional funding beyond what is already reserved in the <br />construction allowances for change orders. AE2S has worked diligently to manage our construction phase <br />services budget, averaging approximately $32,500 per month in invoices to the City over the past 18 <br />months. At this current rate, we expect the remaining budget to be exhausted by August. Given the <br />Contractor's recent request for an extension to the construction contract, additional budget will be <br />necessary for AE2S to continue providing the same level of service through the extended construction <br />period and final project closeout. A detailed breakdown of this request will be provided in a future memo. <br />Should you have any further questions, please do not hesitate to contact us. <br />Submitted in Service, <br />AE2S <br />Ryan Hanson, PE <br />Project Engineer <br />Advanced Engineering and Environmental Services, Inc. <br />6901 East Fish Lake Road, Suite 184 Water Tower Place Business Center Maple Grove, MN 55369 • 763 463 5036 <br />