12051966 Special Meeting - Laserfiche WebLink

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regular meeting, december 5, 1966 page two On Proposal I I (Construction yet to ,be done) the original estimate was $9,827.38. Mr. Wolff explain- ed that with the delay in completion of the project, a 10% increase in cost of materials had occurred, making the revised estimate at this time,$10,810. 12. The total cost is now estimated at $32,093.51, whi~h represents! the cost of improvements constructed on perimeter streets. In addition to this amount, the City will be responsible for i of the cost of the over-all project, less accrued credits. Xerox copies of the checks issued to the Urban Renewal Agency accompany the financial report, attached here as a part of the Minutes. I Mr. Wolff read excerpts of the Minutes of June 29, July 13 and July 27, 1964; and Feb. 8, Apri I 12 and Apri I 28, 1965, in reference to the sale of City Bonds, see attached. Alderman Whittenberg said he didn't think it had ever been the position of the Counci I that they didn't owe money (on the Chautauqua Hi II Project) - it was that the bi II was not submitted when it should have been. "We have no choice but to pay", he said. Alderman Pool moved that the City pay at once the amount owing the Urban Renewal Agency: $5,812.12. . Alderman Korff seconded the motion and on roll cal I, the following vote was recorded: AYE; NAY: Damon, Froh, Korff, Pool, Whittenberg None I The Mayor declared the motion carried. Mr. Wolff said Mr. Brown had told him that the entire Cha~tauqua Hi II Project should be completed in 70 days, and the City's obligation on Proposal II wi II be due. "I want to alert you that, in conformity with the City's Cooperation Agrement with Urban Renewal, and the subse- quent Resolution (passed Apri I 12, 1965). we wi II have to pay the estimated $10,810.12", the City Manager said. Mr. Brown said the contractor turns in a work estimate every 30 days, so that the City's share wil I be broken down in month I y payments. In rep Iy to a quest i on on "Credits", Mr. B~own said he had been advised that any accruing credits wi II apply to the total project. Mr. Froh said he thought there had been a misunderstand- ing about his position on the matter under discusaion: "I'm good at irritating people, arid I'm right proud of it", Alderman Froh said, ~nd continued: " I was led to bel ieve we were paying the $32,750 (in Apri I, 1965) - I I'm not saying there Was any dishonesty... I want to personally thank you, Mr. Wolff,f6r bringing this inform- ation to the Council~" . A new statement, correcting an error in addition, was subsequently submitted to the City by Urban Renewal,with the amount of the check issued being $5,688.97.