11-24-2014 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL NOVEMBER 24, 2014 PARK which the Council also approved. However, with Q3 donating the PROJECT concrete and based on actual bid prices, the work came in at $36,698 including a $4,000 allowance for engineering costs. Therefore, the cost to the City for this component of the project is only slightly above the initial estimate and well below the final estimate. TIF DEFAULT - THE VILLAGE The Administrator noted that there are two other components of the project that City staff believes should be City expenses. The first is the addition of a picnic table that was installed as part of an Eagle Scout project. The Parks Consultant committed the City to the cost of materials that he estimated to be $500. The actual cost was $2,146. The second component was for the costs associated with moving the obelisk The actual costs of moving the obelisk was $2,800, with Frank Frattalone capping the cost of moving at $2,000 and an additional $800 for installation of a concrete footing. The Administrator indicated that the total cost of the Veterans Memorial Project to date is just under $120,000. The Committee incurred approximately $78,000 in costs and has fund raised just over $81,000. Therefore, the Committee has a surplus of $3,524.35. The Committee will begin work on Phase II of the project. The Administrator recommended that the Council authorize payment of the additional costs associated with concrete, picnic table, and obelisk relocation. Keis introduced the following resolution and moved its adoption: RESOLUTION NO. 2014-11-218 — APPROVING THE EXPENDITURE OF ADDITIONAL COSTS ASSOCIATED WITH THE VETERANS MEMORIAL PROJECT RELATIVE TO PICNIC TABLE AND OBELISK RELOCATION AS RECOMMENDED BY THE CITY ADMINISTRATOR The foregoing resolution was duly seconded by Boss. Ayes (4). Nays (0). Resolution declared adopted. The City Administrator reviewed his November 21s` report recommending that the City issue a Notice of Default to Sherman Associates, the developer of The Village and the mortgage company. The Administrator reported that the developer has breached the terms of the development agreement in not making current real estate tax payments. The developer 3