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WA9701-CS060307T H E · C I T Y · O F CO?FELL March 7, 2006 Teresa Childers, President J.T. Dersner, Inc. 2101 E. Shady Grove Road Irving, TX 75060 RE: Belt Line/Denton Tap 16-inch Water Line Project #WA 97-01 Dear Ms. Childers: This letter is written as a follow-up to my November 4, 2005 Notice to Proceed letter. In the Notice to Proceed it was noted that City Council had authorized up to a $30,000 bonus as an incentive to complete the project early. As of March 7, 2006, one hundred thirteen (113) calendar days have been used on this project. The additional bonus was set up to encourage early completion on the project at around one hundred twenty (120) calendar days, which will be Tuesday, March 13, 2006. For every day yon work beyond March 13, 2006 up to April 12, 2006, the bonus amount will decrease by $1,000/per day. To date, the project has progressed consistently and in a timely manner. Our hope is that thc total completion of the project will also be performed in a very timely manner, thereby entitling your firm to a portion or all of thc additional bonus for early completion. If you have any questions concerning the early completion incentive bonus, please feel free to contact me. Sincerely, Kenneth M. Griffin, P.E. Director of Engineering & Public Works Office 972/304-3686 Fax 972/304-7041 CC; Suzan Taylor, CIP Coordinator Rick O'Dell, Construction Inspector