ST9502-CS 960403 (2)To:
From:
lIE:
Date:
MEMORANDUM
Carolyn Bebermeyer, Accountant
Kenneth M. Griffin, P.E., ACM/City Engineer
Town Center BIrd. Escrow Cheek
April 3, 1996
Please cancel the check that you are holding in the vault for $310,877.95 to Jay S. Turner and
void the paperwork associated with that request.
.d:
Date:
MEMORANDUM
Jennifer Armstrong, Finance Director
Kenneth M. Griff'm, P.E., ACM/City Enginee~
Town Center Bird. / Project//ST 95-02
March 11, 1996
Attached to this memo is a purchase requisition form in the amount of $310,877.95 to Jay S.
Turner as pan of our escrow for the construction of the roadway, streets, utilities and drainage
associated with Town Center Blvd. You may recall that we discussed this project recently and
in going through the actual numbers I indicated to you that the City's construction cost on this
project was actually $272,965.30 from the Series 1995 and 1995A C.O. 's and $54,342.50 from
water and sewer funds for a total City participation of $327,307.80. The discrepancy between
the $327,307.80 and $310,877.95 is the fact that Harry Hargrave is putting $10,000 toward
landscaping and 6,429.85 toward the engineering of the project. I have requested that we
encumber the entire $327,307.80 and utilize the difference to offset our engineering cost already
paid and to landscape the project once completed. Therefore, while we are only requesting a
check in the amount of $310,877.95, we are requesting that the entire $327,307.80 be
encumbered for future landscaping considerations associated with Town Center Blvd.
If you should have any questions please feel free to contact me at your convenience.