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Page 2 of 2 <br />July 8, 2014 City Council Meeting <br />City Project 14 -4 <br />Costs and Funding: The total cost of this project will be funded from Fund 206 — NBCGRS Army Water Fund. <br />The provisions of the contract with Rice Lake Construction Group stipulate that the City makes a partial payment <br />to the contractor at least once each month at regular intervals on the basis of the work performed during that <br />preceding month. This partial payment shall not exceed 95 percent of the value of the certified estimate. <br />- J - <br />Grant Wyffels, P.E. <br />Director of Public Works <br />Attachment <br />