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HomeMy WebLinkAboutMemo - Read Before Packet - 9/6/2016 - Memorandum From Jon Haukaas And Ken Sampley Re: Leadership Planning Team Follow Up: Council Item #13 - Boxelder Creek Crossing Project Additional AppropriationUtilities electric · stormwater · wastewater · water 700 Wood Street PO Box 580 Fort Collins, CO 80522 970.221.6700 970.221.6619 – fax 970.224.6003 – TDD utilities@fcgov.com fcgov.com/utilities M E M O R A N D U M DATE: September 6, 2016 TO: Mayor and City Councilmembers THRU: Darin Atteberry, City Manager Kevin R. Gertig, Utilities Executive Director FROM: Jon Haukaas, Operations Manager - Water Engineering & Field Services Ken Sampley, Water Utility Engineering Manager RE: Leadership Planning Team Follow-up September 6, 2016 City Council Meeting Council Item #13 – Boxelder Creek Crossing Project Additional Appropriation The following question was asked at the Leadership Planning Team meeting on September 6, 2016: “What is Timnath’s share of the project and what are the repercussions if payment is not made?” Response: Timnath’s share of the entire project is approximately $2.25M - $2.3M. We have received $2.0M from them to date. The final cost reconciliation was to be billed as the work is completed. In our ongoing conversations with Timnath, they understand and agree to the additional costs to the project. Under the IGA between the City and Timnath for this project, the parties agree to share costs equally. Any remedy for non-payment would become a legal matter. DocuSign Envelope ID: 44E816A1-3F11-4756-BFD1-28770DD9BA99