RM 08-20-76 - Laserfiche WebLink

Home Browse Search

6. NEW BUSINESS (Cont'd 0 e. in the $4 -1/2 Million and this saves considerable interest on daily, weekly and monthly basis. Mr. Brownell stated that in the last two years, we have reduced these Notes approximately $6 Million; they were $10,381,000 last year. The Chair asked the Commissioners if they had any questions on the Notes; then asked the public if they had any questions they may want to ask on this financing; there being none, he requested a motion to confirm the bid award to the low bidder as tabulated above. Mr. Wiggins made the motion the bid award is accepted and confirmed to the low bidder, Bankers Trust Company, in bid amount of $4,221,000 with interest rate of 2.94% and premium of $143.00. Addendum No. 6 to the A reement for Engineering Services with Cole ADDENDUM Associates, R -57: Mr. Brownell explained that under Addendum No. 5 6 TO to the Agreement for Engineering Services with Cole Associates, AGREEMENT the Addendum provided for the payment to the engineer for the pro- WITH COLE perty surveys to be increased from $35.00 to $50.00 per plotted lot. ASSOCIATES Last May, Mr. William J. Parrish requested 124 legal descriptions APPROVED, be forwarded to our office. Since Addendum No. 5 does not cover a R -57 price for the preparation of descriptions only, the cost of $50.00 per parcel is too high for this service. Therefore, the request is made that the Agreement be amended once again to provide for payment to the Engineer for property surveys on the basis of the actual hours required to make the survey and prepare the plat of survey. Mr. Brownell explained that under the $50.00 price, it would cost $6,200 for these, and under this proposed Addendum No. 6, it will :ost around $1,600 which is their actual time - -their time being 2-1/2 multiplier that is used. So we thoroughly recommend the iddendum for Commission consideration. . Wiggins made the motion for the approval of Addendum No. 6, conded by Mr. Cira. he Chair asked if there were any further questions or further iscussions on this item, and Commissioner Wiggins asked Mr. rownell if this will wind it up in the LaSalle Park Project? r. Brownell said that it will pretty much; of course, we have o have these on all the parcels that we have acquired and have of sold, but if we acquire some more, we would have to have a ew more but not very many. he question on the adoption of the motion was unanimous in avor of the adoption and the motion was carried. tesolution No. 529: This Resolution authorizes the execution RESOLUTION )f the Redevelopment Agreement for the disposition of land and NO. 529 ;he execution of Quit -Claim Deed for the transfer of title thereto ADOPTED, n connection with land to be disposed of in the LaSalle Park R -57