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Mr. John Gerfiardson <br />City of Orono <br />Re: TH 12 Improvement <br />Page -2- <br />April 12, 1995 <br />The adjusted amount of 536.963.46 would be the maximum amount paid to Nln/DOT at a later ume <br />when the propcrrv north of Hiahwav 12 bertveen Willow Dnve and Old Crystal Bay Road develops. <br />Mn/DOT also reduced the colt bv 515,767.22 by eliminating all costs for redeveloping the pond at <br />Brown Road and Highway 12. Increased bid prices raised the total City share to $228,394.93. The <br />adjustments outlined above have reduced that cost to 5175,664.25. <br />We would recommend that the City sign the agreement with this understanding. The letter <br />transmitting the agreement should also note our disagreement on the Brown Road Pond tsee letter <br />of 12T7/94). <br />Sincerely, <br />BONESTROO, ROSENE, ANDERLIK & ASSOCIATES. INC, <br />Glenn R. Cook <br />GRC:pr <br />cc: Ron Mootse