RM 10-04-62 - Laserfiche WebLink

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m IV. PROGRESS REPORT - C ontinued Interstate indicated that they were interested in either terminating the contract with Redevelopment Department now, o being given_a moratorium until most remaining buildi gs are ready for demolition. Mr. �Baer informed Mr. Haddad that we would recommend a moratorium if Interstate would waive any claim they believe they may, have_ against the Commission for^ work completed, and by reason of the fact that a number'of buildings had not been_turned* over within the initial twelve-month period, which is'the period the Interstate Demolition Corporation claims all buildings were to be turned over, which claim was "expressly denied by the City. Mr. Haddad stated-that I Interstate's possible claim regard- ing the twelve -month period was definitely not based on the typographical errors in the contract documents. Tentative agreement was reached that during the period of the moratorium, if accepted, the Commission would turn over vacated buildings to the Company but will specify completion dates after the end of the moratorium period. Interstate would also have to continue its insurance and bonding coverage. Mr. Haddad will notify the LPA in writing whether the Company accepts the arrangements for a moratorium. If co currence can be obtained from URA, the Commission Will reducing the retainer of 10% of earned payme jecommend is during the moratorium to a lesser percentage. Mr. Sucher stated that Mr. Baer is now satisfied that the UFA will approve the Feasibility Survey contracts as amended, provided we do not exceed our budget. The C mmission was advised that within the next few weeks another meeting of the Mayor's Citizens Committee will e held. On mot unanin the Tx Commi: ion made by Mr. Place, seconded by Mr. Koczan and ously carried, the Commission approved continuing avel Insurance for members of the Redevelopment sion and staff. -5- FEASIBILITY SURVEY MAYOR'S CITIZENS COMMITTEE MEETING TRAVEL INSURANCE