01-04-1993 Council Minutes2 - Laserfiche WebLink

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MINUTES OF A SPECIAL ORONO COUNCIL MEETING HELD JANUARY 4, 1993 Jabbour questioned the light for the salt storage. He noted the original estimate for providing electricity to the cold storage building was near the total amount to run the electricity for one I ight. Davies explained that item includes additional amounts for other electricity provided than what was needed for just the light on the salt storage building. Mayor Callahan noted the contingency available as of September 28th, plus the additions and deletions since then do not amount to the contingency presented to date. Ha suggested staff and the consultants review the numbers. He asked the dollar amount needed to complete the project. Davies reported $137,000 has not been contracted for to date, and $639,000 represents work completed but not yet billed for, and this amount includes a number of things in dispute. Kuehn noted the City has escrowed $400,000 of the bond sale as part of the Indenture in case the City is unable to make the bond payment. He noted the City did include $190,000 within the budget from the building fund. Davies noted the City is also sitting on $200,000 for retainage. Kelley and Mayor Callahan indicated the City is short by an amount. Jabbour asked about the corrected construction manager’s fee. Davies noted the Finance Director discovered the fee had been incorrectIy billed. Jabbour asked about the architect’s re ImbursabIes. Moorse stated they are currently working on that amount. Kelley asked that the contractor provide the CouncIImembers a revised budget, eliminating the cold storage building which has been deferred at this time. Boarman noted there were two items deferred In September, which are •till deferred, which total $71,000. He said the stucco on the Public works building has not been completed, and it has been determined it will cost more to complete It In the winter raontha than the damage sustained by waiting for warmer weather.