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MEMO TO: ttayor & Council <br />FROM: Finance Director -Treasurer Brager <br />DATE: March 23, 1988 <br />RE: DEVELOPER'S REQUEST FOR REIMBURSEMENT - <br />MOUNDS VIEW BUSINESS PARK <br />A request for reimbursement of engineering costs for public <br />improvements plus City Administrative costs paid by the developer <br />has been received from Everest Group LTD. Clerk -Administrator <br />Pauley and I have reviewed this request and are of the opinion <br />that it meets the terms of the Development Agreement. Staff, <br />therefore I proceedsdoftthe salehat the DofetheeTaxeIncrementcosts eFinancingfor se <br />Bonds, Series 1988A. <br />RECOMMENDATION: Authorize payment of $1071093.74 to Everest <br />Group, LTD. for reimbursement of public improve- <br />ment engineering costs and for payment of <br />various City administrativecostsassoof ciated <br />with the project from the proceeds <br />ax <br />Increment Financing Bonds Series 1988A. <br />DB/ds <br />Attachments <br />L� <br />