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2004_0809_Packet
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2004_0809_Packet
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5/9/2014 3:19:59 PM
Creation date
12/14/2009 1:43:38 PM
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Roseville City Council
Document Type
Council Agenda/Packets
Meeting Date
4/8/2009
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� .�_;. .1 <br />No. 3 <br />Reduced Contin�eacies <br />For each category of uses a contingency is provided. For example, the estirnated <br />acquisition cost of all the land is $44.69 million and a$4.47 million contingency, <br />which is 10% of the total cost, has been set aside. If the land is purchased for an <br />amount greater than the estimated cost, funds are available for the additional cost. <br />If the land is purchased for the esrimated amount, the contingency is not necessary <br />for land acquisition and is available to help reduce the deficit. In the aggregate, <br />these contingencies amount to $6,724,890. For each dollar of contingency not <br />needed, the deficit is reduced by that amount. <br />15 of 34 <br />
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