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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br />~HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />November 12, 2003 <br /> <br />Agenda Item 2.A. <br /> <br />TO: <br /> <br />Mayor and Council <br />Michelle Wolfe, City Administrator <br /> <br />@ <br /> <br />FROM: <br /> <br />Aaron Parrish, Director of Community Development! Asst. City Admin. <br /> <br />SUBJECT: <br /> <br />TCAAP Interim Development Agreement Project Budgets <br /> <br />ENCLOSURES: <br /> <br />1. Budget Synopsis Prepared by CRR, Inc. <br />2. City Interim Development Agreement Budget - Existing vs. <br />Proposed <br />3. TCAAP Project Budget Expenditure Tracking <br /> <br />Ove.rview <br /> <br />As a follow up to last months discussion regarding the amendment to the Interim Development <br />Agreement, the Council requested additional information on a few items. These items generally <br />included the following: <br /> <br />1. The Council requested additional budget information including a project to date report, the <br />City's current and proposed budget revisions to the Interim Development Agreement budget, <br />and the Development Team's budget. These documents are attached for the Council's <br />review. <br />2. Additional information on the status of various environmental issues. <br />3. Project specific examples, preferably local, of projects that Centex and Ryan Companies <br />have completed. <br /> <br />For the Work Session, staff has attached the various budget documents that the Council has <br />requested. The current proposal increases the City's project budget by $330,552. While many of <br />the expenditure categories went up, approximately half of the increase can be attributed to <br />adding the Alternative Urban Areawide Review into the budget. John Hink, CRR Inc., will <br />provide an updated GANNT chart for the Council's benefit on Monday. It is anticipated that <br />additional information regarding environmental issues and project presentations by Centex and <br />Ryan will be compiled for the December Work Session. <br /> <br />Requested Action <br /> <br />I. Provided for discussion <br /> <br />\\Earth\Planning\Misc Files\TCAAP\Land Transfer\Inlerim Agreement\2003 Revision\II-12-03 Memo to Council RE Dev Agreement <br />Budgets.doc <br />