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Council releases final retainage: $25,207.01 partial payment to Peterson Companies
Summary
Council approved release of final 1% retainage for the Bridil project (carryover from 2025) and authorized a partial payment of $25,207.01 to Peterson Companies after staff confirmed final paperwork and lien waivers were submitted.
The Lindstrom City Council approved a partial payment to Peterson Companies in the amount of $25,207.01 to release the final 1% retainage on a 2025 Bridil project. Public works staff reported the contractor submitted required final paperwork, including lien waivers and payroll tax forms, and had completed restoration work that was carried over to spring.
Council moved and approved the payment; staff thanked the contractor for completing final items. The payment releases the final retainage and closes out the contractor’s obligations for that project pending any latent defects identified later under warranty.
