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I <br /> 1f <br /> THIS IS 11- • • • • <br /> For the Week of January 31 , 1994 - February 5, 1994 <br /> ADMINISTRATION <br /> A very busy week spent preparing Year End Reports, initiating <br /> work on the 1995 Budget format, meeting with the City Hall <br /> expansion contractor, meeting with Everest's financial <br /> consultant, Jim Casserly and preparing a lengthy Work Session <br /> Agenda and preparing for a Tax Increment Financing Seminar on <br /> Thursday and Friday. <br /> The result of the meeting with the contractor is a new <br /> substantial completion date of March 3rd with the punch list <br /> completed on March 4th and punch list items finalized by March <br /> 11th. Liquidated Damages of $200/day will commence if work is not <br /> completed by the March 11th date. There are some items, such as <br /> the finishing of the outside block, that must be completed in the <br /> Spring, but a definite timeframe will be established for that <br /> activity. <br /> Completion of the Administrative and Park and Recreation sections <br /> will be completed prior to the March 3rd date. <br /> Everest <br /> Don and I met with Everest's financial consultant, Jim Casserly, <br /> today to hear their latest analysis of the Hill project <br /> calculations (based on the City's proposal of $1.70/sq.ft. <br /> subsidy at 7%) . Jim O'Meara is currently reviewing it and will <br /> react within the next few days. If the Council schedules a <br /> special meeting to discuss the Westminster project, the Everest <br /> proposal for the C.G. Hill project could be discussed at that <br /> time. Jim Casserly stated that Everest is still working on a plan <br /> for the park dedication fees. I would expect that the City's <br /> reaction to any proposal would need to incorporate a response to <br /> their proposal for payment of park dedication fees. As of this <br />