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<br />Memo to City Council <br />TCAAP Interim Agreement <br />April 18, 2005 <br />2 <br /> <br />. <br /> <br />The developer has requested that the following items, and estimated dollar amounts, be added to <br />the cost reimbursement formula which would be adopted by the parties. This second point is <br />similar to the language in Agreement #2, Item F (attached). The difference is that the amount of <br />reimbursement would now be significantly higher since a large amount of expenditures will be <br />needed within the next six to eight months to accomplish the transfer, these costs include the <br />following: <br /> <br />. AUAR (environmental review) - $250,000 <br />. Local Resource Analysis - $50,000 <br />. Master Development Agreement - $150,000 <br />. Environmental Attorney (Consent Agreement; FOSET) - $100,000 <br />. Planning Phase IV and V- $150,000 <br />. Miscellaneous (Peterson, Fram, Bergman; URS) - $50,000 <br /> <br />It should be emphasized that these are the potential City reimbursable costs to CRR, LLC. <br />(Note: Staff has not discussed with the developers what portion of these costs should actually be <br />reimbursed.) During this same period of time, CRR, LLC would also have additional <br />expenditures of $650,000 of direct internal cost to them. <br /> <br />Outline of Tasks and Al!reements to be Drafted and/or Executed <br />The following are the major tasks that will need to be accomplished. As part of the new . <br />Agreement dates and responsible parties will be stipulated. <br /> <br />. Offer to Purchase <br />. Local Resource Plan <br />. Determination of Public Financing Base Line <br />. Financial Strategies <br />. Master Development Agreement <br />. AUAR <br />. Planning Phase IV and V <br />. Insurance Agreements <br />. Bonding/Insurance <br />. Response Action Agreement <br /> <br />In conclusion, staff will make a presentation at the Work Session, using the above as the outline. <br />From the ensuing discussion staff is seeking the following direction: <br /> <br />1. Concerns or contract points that the Council wants inserted into a new Agreement. <br /> <br />2. An Agreement on the timeline as to future discussions on the Agreement and a goal date <br />for final consideration. <br /> <br />\\Ea'lh\l'lanning\Misc FilesITCAAP\]nterim Agreemem\A.priI182D0:5JmerimAgreernemMemo.do.c <br /> <br />. <br />