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<br />WW\v. RYAN COM PAN I ES. CONI <br /> <br />RYAN COMPANIES US, INC. <br />50 South Tenth Street, Suite 300 <br />Minneapolis, MN 55403-2012 <br /> <br />;YAN@ <br /> <br />612-492-4000 tel <br />612-492-3000 fax <br /> <br />BUILDING LASTING RELATIONSHIPS <br /> <br />vrlltJl <br />May 27, 2009 <br /> <br />Ron Moorse, City Administrator <br />City of Arden Hills <br />1245 West Highway 96 <br />Arden Hills, MN 55112 <br /> <br />RE: OBJECTION TO CITY REIMBURSABLE EXPENSES OVER BUDGET PER PDA <br /> <br />Dear Ron, <br /> <br />RRLD is filing a formal objection to any expenses incurred over the approved budget as defmed in Exhibit D <br />of the Preliminary Development Agreement dated March 30, 2007. RRLD acknowledges the amendment the <br />City made to two line items in the budget on March 12, 2008. Based on the 3/12/08 amendment, we find <br />the City to have overspent the following budget categories: <br /> <br /> Original Amended Actual (based <br />Budget Category on invoice thru Amount Over <br /> Budget Budget 4/20/09) <br />Spencer Fane Britt & Browne $150,000 $225,000 $361,546..59 ($136,546.59) <br />Ehlers Project Mgmt $75,000 - $84,255.00 ($9.255) <br />Engineering Services $40,000 - $56,317.91 ($16,317.91) <br />Ehlers - Financial $150,000 - $260,705.61 ($110,705.61) <br />Total ($272,825.11 ) <br /> <br />]:\PRO]-NEW\900\900\900-909 TCAAP 2003\ARDEN HILLS-TCAAP\PURSUIT COSTS\PDA BILLINGS\OB]ECTION TO COSTS IN EXCESS OF BUDGET 5.27.09.DOCjE <br /> <br />AZ LICENSE ROC095146, CA LICENSE 800760, OR LICENSE CC8155932 <br />