HomeMy WebLinkAboutResolution 2010-080 first amendment to marana spectrum development agreement*This is a scrivener's error. The correct Resolution No. is 2007-229
MARANA RESOLUTION N0.2010-80
RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING THE MAYOR TO
EXECUTE THE FIRST AMENDMENT TO MARANA SPECTRUM DEVELOPMENT
AGREEMENT
WHEREAS A.R.S. § 9-500.11 authorizes the Town to enter into a retail development tax
incentive agreement under certain circumstances; and
2007-229
WHEREAS the Mayor and Council adopted Resolution No. 2007-~* on December 18,
2007, approving and authorizing the execution of a retail development tax incentive agreement
known as the Marana Spectrum Development Agreement; and
WHEREAS changed circumstances since 2007, including the economic downturn and the
progress toward completion of the Twin Peaks/I-10 traffic interchange, justify revision of the
Marana Spectrum Development Agreement; and
WHEREAS the Mayor and Council find that the First Amendment to Marana Spectrum
Development Agreement retains the mutual benefits of the original agreement while
accommodating the town's need to have the developer's continued participation in the funding of
the Twin Peaks/I-10 traffic interchange and accommodating the developer's need to extend the
anticipated schedule for construction of the Marana Spectrum Development Project as a
consequence of worsened economic conditions; and
WHEREAS the Mayor and Council. find that the proposed tax incentive to be approved
by this resolution is anticipated to raise more revenue than the amount of the incentive within the
duration of the agreement; and
~~.
WHEREAS the Mayor and Council find that in the absence of a tax incentive, the Marana
Spectrum Development Project would not locate in the Town of Marana in the same time, place ,t
or manner as it is agreeing to do under the terms of the Marana Spectrum Development
Agreement as amended by the First Amendment to Marana Spectrum Development Agreement;
and
WHEREAS the Town's finding that the proposed tax incentive is anticipated to raise
more revenue than the amount of the incentive within the duration of the First Amendment to
Marana Spectrum Development Agreement has been verified by an independent third party; and
Marana Resolution 2010-80 - 1 - {00021979.DOC /}
WHEREAS on August 3, 2010, the Town adopted a notice of intent to enter into the First
Amendment to Marana Spectrum Development Agreement, as required by A.R.S. § 9-500.11(K);
and
WHEREAS the Mayor and Council find the terms and conditions of the Marana
Spectrum Development Agreement as amended by the First Amendment to Marana Spectrum
Development Agreement are in the best interest of the Town.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF MARANA, ARIZONA, AS FOLLOWS:
SECTION 1. The First Amendment to Marana Spectrum Development Agreement is
hereby approved.
SECTION 2. The Mayor is hereby authorized and directed to execute, and the Town
Clerk is hereby authorized and directed to attest to, the First Amendment to Marana Spectrum
Development Agreement attached to and incorporated by this reference in this Resolution as
Exhibit A, for and on behalf of the Town of Marana.
SECTION 3. The various Town officers and employees are authorized and directed to
perform all acts necessary or desirable to give effect to this resolution.
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MARANA, ARIZONA, this 17th day of August, 2010.
,/`
~~~,~~~
Mayor Ed on a
ATTEST:
Jocel .Bronson, Town Clerk
APPROVED AS TO FORM:
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F nk Cad >dy, Town Atto ey
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Marana Resolution 2010-80 - 2 - {00021979.DOC /}
F. ANN RODRIGUEZ, RECORDER DOCKET: 13881
RECORDED BY: K O
of PI
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13
DEPUTY RECORDER
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, 08/26/2010
TOWN OF MARANA ~
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ATTN : TOWN CLERK `gRIZO~Q'
11555 W CIVIC CENTER DR MAIL
MARANA AZ 85653 AMOUNT PAID $ 12.00
FIRST AMENDMENT TO MARANA SPECTRUM DEVELOPMENT AGREEMENT
TOWN OF MARANA, ARIZONA
This First Amendment to Marana Spectrum Development Agreement (this
"Amendment") is entered into by and between the TOWN OF MARANA, an Arizona municipal
corporation (the "Town") and KIMCO MARANA L.P., a Delaware limited partnership, formerly
known as Kimco Barclay Marana, L.P. (the "Owner/Developer"). The Town and the
Owner/Developer are collectively referred to in this Agreement as the "Parties," and each is
sometimes individually referred to as a "Party."
RECITALS
A. Owner/Developer and the Town are parties to that certain Marana Spectrum
Development Agreement, dated December 22, 2007, a copy of which was recorded at
Docket 13211, Page 951, in the records of Pima County, Arizona, on December 28, 2007
(the "Agreement").
B. The Town adopted the Agreement by Marana Resolution No. 2007-229, dated December
18, 2007 (the "Resolution").
C. Pursuant to that certain Assignment of Partnership Interest in Kimco Barclay Marana,
L.P. (the Assignment"), Barclay Holdings XLVIII, LLC, an Arizona limited liability
company ("Barclay") assigned to Kimco Developers, Inc., a Delaware corporation
("Kimco") all of Barclays right, title and interest in and to Owner/Developer. The
Amendment evidencing the Assignment was filed with the Arizona Secretary of State on
September 18, 2009, as File No. 3007118.
D. The Parties now desire to amend the Agreement in accordance with the terms and
conditions set forth below.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises made in this Amendment,
the Parties agree as follows.
I ~~
1. Incorporation of the Recitals. The foregoing Recitals are incorporated herein by this
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reference.
2. Interest. Paragraph 1.3.10 of the Agreement is amended by replacing "at the rate of 6.5%
per annum" with "at the rate of 5% per annum".
i
/3
3. Initial Development Plan. The following words are hereby deleted from Section 2.3 of
the Agreement: "within 36 months of the date the Interchange is completed by the
Arizona Department of Transportation and first open for vehicular traffic and use by the
general public".
4. Minimum Construction Obli ag tion. Section 2.4 of the Agreement is hereby deleted.
5. Public Improvements Construction and Reimbursement. Section 3.1.2 of the Agreement
is hereby deleted, and the following is inserted in its place.
3.1.2 Reimburse the Town $4,467,281.33, which is the Public Improvement
Costs for the Public Improvements which have now been completed by the Town,
as detailed on Exhibit C 1 (attached to this Amendment), which reimbursement
shall occur within sixty (60) days following the opening of the Interchange for
vehicular traffic and use by the general public.
6. Reimbursement Amount. The first line of Section 6.1.2 of the Agreement is hereby
deleted, and the following is inserted in its place: "From and after the issuance of
certificates of occupancy for the Initial Minimum Improvements,"
7. Reimbursement Account. Section 6.2.1 of the Agreement is hereby deleted, and the
following inserted in its place.
6.2.1. The expiration of this Agreement, as described in Section 8.1 as modified
by this Amendment.
8. Other Impact Fees. The words "the ninth anniversary of the Effective Date of this
Agreement" are hereby deleted from the last line of Section 5.2 of the Agreement, and
the following are inserted in their place: "the ninth anniversary of the "Amendment
Effective Date" as defined below in this Amendment."
9. Development Regulations. The words "for a period of five years from Effective Date of
this Agreement" shall be deleted from the fifth sentence of Section 2.1 of the Agreement,
and the following is inserted in their place: "until the expiration of this Agreement."
In addition, the penultimate sentence of Section 2.1 of the Agreement, is hereby deleted,
and the following is inserted in its place: "The immediately preceding sentence shall
terminate on the expiration of this Agreement." ll
l0.Owner/Developer's Environmental Mitigation Contribution. The following is hereby ~~
added to the conclusion of Article 4 of the Agreement: "Owner/Developer shall make ~
such payment concurrently with the issuance of certificates of occupancy for all the ~,~
Initial Minimum Improvements." ~~~
~~
11. Term. The second sentence of Section 8.1 of the Agreement is hereby deleted, and the
following inserted in its .place.
The term of this Agreement shall begin on the Effective Date and, unless sooner
terminated by the mutual consent of the Parties, shall automatically terminate and
shall thereafter be void for all purposes on the earliest of the following: (a) when
the total amount of all Reimbursement Payments (see Section 6.4 above) equals
Thirty Million Dollars ($30,000,000), or (b) on December 31 immediately
following the twentieth anniversary of the issuance of all certificates of
occupancy for the Initial Minimum Improvements, or (ii) on December 31, 2040.
12. Notices and Filings. The notices addresses for the Owner/Developer are hereby deleted,
and the following inserted in their place.
Kimco Marana L.P.
3535 Factoria Blvd., Suite 520
Bellevue, Washington 98006
Attn: Bill Brown
with a copy to:
Kimco Realty Corporation
3333 New Hyde Park Road
New Hyde Park, New York 11042-0020
Attn: Legal Department
13. Anchor Tenant's Ability to Develop Anchor Tenant Parcel. The following is hereby
added to the end of Section 2.7: "Any Anchor Tenant's rights under this Section 2.7 shall
not be affected by the First Amendment to Marana Spectrum Development Agreement."
14. Exhibit "C." Exhibit "C" to the Agreement is hereby deleted in its entirety, and the
Exhibit "C" and Exhibit "C-1"attached to this Amendment is inserted in its place.
15. Public Improvements. The definition of "Public Improvements" in Section 1.3.13 of the
Agreement is hereby modified to be: "means the improvements described on Exhibit C
and Exhibit C-1 attached to this Agreement (see paragraph 3.1 below)."
16. Town Construction. The following is hereby added to the end of Section 3.3 of the
Agreement: "The Town has completed construction of the Public Improvements as set
forth on Exhibit C-1."
17. Miscellaneous. The balance of the Agreement is hereby amended to reflect the purpose ~,
of this Amendment. The parties hereto acknowledge that except as expressly modified
hereby, the Agreement remains unmodified and in full force and effect. In the event of
any conflict or inconsistency between the terms of this Amendment and the Agreement,
the terms of this Amendment shall control. Unless otherwise expressly defined herein, ,~1,
terms in this Amendment shall have the same meanings assigned to such terms in the
Agreement. All exhibits attached hereto are incorporated herein. This Amendment may '~~'
be executed simultaneously or in counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same agreement.
3
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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the last date
set forth below their respective signatures (the "Amendment Effective Date").
TOWN:
THE TOWN OF MARANA, an
Arizona municipal corporation
B ~,~~~-
Y•
E Honea; ayor
Attest:
celyr~' ronson, Clerk
OWNER/DEVELOPER:
KIMCO MARANA L.P., a Delaware
limited partnership
By: KD Mara~.3, Inc., a Delaware
Its:
-1' ~~-r~ ~-A.~
4
Approved as to form:
STATE OF _ ,CZ4,~/~ )
ss.
COUNTY OF fl~t~4 )
The foregoing First Amendment was acknowledged before me, a Notary Public, this
;~~ y of ,gy~~s~` 2010, by r°~ ',.~s:U_ ~,r~rl9 ~f,~'~,~~/ as
f,~r:~i~" of KD Marana 1553, Inc., a Delaware corporation, as general partner
~----- of Kimco Marana L.P., a Delaware limited partnership, who being
authorized to do so, executed the foregoing First Amendment o~ behalf of said entity for the
purposes stated therein.
ae.. ,
`t u is
My Commission Expires: ~"~~~
OFFICIAL SEAL ~"~''` i
FRANK J. CASSIDY
NOTARY PUBLIC - STATE OF ARIZONA
PI~~IA couNTY
M Commission Expires April 13, 2012
~r y -,
STATE OF ARIZONA )
ss.
COUNTY OF PIMA )
The forego" g First Amendment was acknowledged before me, a Notary Public, this
/~~~ day of /~~~`S,y'~ , 2010, by Ed Honea, the Mayor of the Town of Marana, an
Arizona municipal corporation, who being authorized to do so, executed the foregoing
Agreement on behalf of the Town for the purposes statedrein. ,.r, ,, ~
My Commission Expires:
~~~~ ~~
s _
OFFICIAL SEAL
FRANK J. CASSIDY
NOTARY PUBLIC - STATE OF ARIZONA
PIMA COUNTY
M Commission Expires April 13, 2012
,~,..
otary
Exhibit C -Amended
Scope of Work
Marana Spectrum
Drainage
1300 cfs Drainage Channel
Excavation
Gabion/Shot Crete Lining
Landscaping
Transition at Railway
Drop Structures/Grade Control
800 cfs Drainage Channel
Excavation
Concrete Structural Lining
1,100 cfs Wash Enclosure
1100 cfs wash enclosure (con-arch or CSP equivalent to twin 5x7 box}
1100 cfs open channel d/s of Twin Peaks
Utility Relocations d/s of Twin Peaks
1100 cfs Wash Culvert
Road Building
Bus Pullout
Traffic Signals at Lee Driveway
Traffic Signals at Twin Peaks mid-block
Deceleration Lanes
Water Supply/Fire Protection
Fire Storage Tank (840,000 gallon)
Land for Storage Tank
New 12"parallel well feed from site to existing Town storage Tank
New Well Feed on Twin Peaks (formerly Camino De Ma~iatia) and Linda Vista (24" ductile
iron)
New Hydrants on Linda Vista and Twin Peaks ~~:
~Nd
PRV at Z-Zone Booster Station-Hartman Vista Reservoir Site
I
I
Exhibit C Amended
Page 1 of 2
Exhibit C -Amended
Public Sewer Improvements
Reconstruct public 10" to 12" Oasis Hills Outfall
New public 8" sub-trunk to SE property corner per Pima County
New public 15" sewer to south west property limits
New steel sleeve at Twin Peaks Crossing
New 15" public sewer crossing Twin Peaks to existing manhole
Offsite Regional Trunk Sewer Improvements
Summary of Public Improvements
Marana Spectrum
7/20/2010
Good Faith Estimate
Item Total Developer Cost
Drainage $6,580,000.00
Road Buildin $940,000.00
Water 5upply/Fire Protection $1,901,281.00
Sewer Improvements $1,050,000.00
Total $10,471,281.00
Consulting 15%
Contingency 10%
See Exhibit C1 for public improvement costs constructed by the Town of Marana
1.
Exhibit C Amended
Page 2 of 2
u~
Exhibit C1
Public Improvements Constructed by Marana
Iten~No , z
•~ ltcm.D~s~r-ption - I1n-t ,~ uunt-tti
~. Un-t Pace Amount
2030301 ROADWAY EXCAVATION CU.YD. 250 2 $500.00
2030901 BORROW CU.YD. 36690 6.7 $245,823.00
2090005 FURNISH WATER M.GAL. 8000 9 $72,000.00
3030022 AGGREGATE BASE, CLASS 2 CU.YD. 1269 21 $26,649.00
4010010 PORTLAND CEMENT CONCRETE
PAVEMENT 10" SQ YD 4223 33 $139,359.00
4040111 BITUMINOUS TACK COAT TON 7 460 $3,220.00
4040116 APPLY BITUMINOUS TACK COAT HOUR 14 130 $1,820.00
4040282 ASPHALT BINDER (PG 76-16) TON 77 480 $36,960.00
4060006 ASPHALTIC CONCRETE (3/4" MIX) TON 1613 26 $41,938.00
4060026 MINERAL ADMIXTURE OR 3/4" TON 16 90 $1,440.00
4140040 ASPHALTIC CONCRETE FRICTION
COURSE ASPHALT-RUBBER TON 233 35 $8,155.00
4140042 ASPHALT RUBBER MATERIAL (FOR AR-
ACFC TON 19 530 $10,070.00
4140044 MINERAL ADMIXTURB OR AR-ACFC TON 2 90 $180.00
5019008. P1PE(30")(STEELxSLEEVE) L.FT. 330 215 $70,950.00
7010003 MAINTENANCE AND PROTECTION OF
TRAFFIC -10 42" SEWER SLEEVE L.SUM 1 10000 $10,000.00
7040070 PAVEMENT MARKING (WHITE
THERMOPLASTIC XTRUDED 0.090" L.FT. 2268 .0.25 $567.00
7040074 PAVEMENT SYMBOL (EXTRUDED
THERMOPLASTIC ALKYD 0.090" EACH 6 100 $600.00
7060013 PAVEMENT MARKER, RAISED TYPE C EACH 15 2.65 $39.75
7060018 PAVEMENT MARKE RAISED, TYPE G EACH 176 2.65 $466.40
7080301 PAINT BULL NOSE EACH 3 75 $225.00
7320070 ELECTRICAL CONDUIT (3") (PVC} L.FT. 2385 4.5 $10,732.50
7320090 ELECTRICAL CONDUIT (4") (PVC) L.FT. 2986 8 $23,888.00
7320440 PULL BOX (NO. S) (C.O.T. & P.C. STD
DETAIL T.S. 1-2 EACH 2 450 $900.00
7320450 PULL BOX (N0.7) (C.O.T. & P.C. STD
DETAIL T.S. 1-4 EACH 2 600 $1,200.00
7320451 PULL BOX (N0.7) (WITH EXTENSION)
C.O.T. & P.C. STD DETAIL T.S. 1-5 EACH 8 700 55,600.00
8080285 PIPE (PVC) (6") (SCHEDULE 40) L.FT. 3585 4.2 $15,057.00
8081242 PIPE, STEEL (42") L.FT. 754 365 $275,210.00
9080401 CONCRETE HEADER L.FT. 14 10 $140.00
9140155 RETAINING WALL (MSE) SQ.FT. 1340 37 $49,580.00
9210012 MEDIAN PAVING CONCRETE PAVERS S .YD. 235 57 $13,395.00
ROADWAY TOTAL $1 066 664.65
Exhibit C1
Page 1 of 4
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Exhibit C1
Public Improvements Constructed by Marana
item~No`' ~cripfioua4 , ,,`~ ~ i~~ ;~ Qua,n~titY UutPr-ce "~lmouo
Bridge F - I-10/TW][N PEAKS ROAD TI
UNDERPASS
6011371F APPROACH SLAB (SD 2.01) SQ.FT. 720 16 $11,520.00
6011372F ANCHOR SLAB (TYPE 1) (SD 2.02) SQ.FT. 1080 13 $14,040.00
9999912A LUMP SUM ride S .F'I'. 5232 123.32 $645,210.24
9999903F LUMP SUM STRUCTURE (TOTAL OF
PRECEEDING STRUCTURE ITEMS S670,770.24
Bridge H -TWIN PEAKS ROAD -UPRR
OVERPASS
6011371H APPROACH SLAB (SD 2.01) SQ.FT. 720 16 $11,520.00
6011372H ANCHOR SLAB (TYPE 1) (SD 2.02) SQ.FT. 720 13 $9,360.00
9999912A LUMP SUM (Brid e) SQ.FT. 5418 164.52 $891,369.36
9999903H LUMP SUM STRUCTURE (TOTAL OF
PRECEEDIlYG STRUCTURE ITEMS $912,249.36
BRIDGE STRUCTURE TOTAL = $1 583 019.60
~_
ox Culvert R -TWIN PEAKS Sta 111+62 .. n
t~
,
,
-~i
, ..
2030501R STRUCTURAL EXCAVATION CU.YD. 5020 5 $25,100.00
2030506R STRUCTURE BACKFILL CU.YD. 1585 21 $33,285.00
6010002R STRUCTURAL CONCRETE (CLASS S)
'C=3 000 PS CU.YD. 772 190 $146,680.00
6050002R REINFORCING STEEL LB 112350 0.6 $6?,410.00
9499903R LUMP SUM STRUCTURE (TOTAL OF
PRECEEDING STRUCTURE ITEMS $272,475.00
DRAINAGE BOX CULVERT TOTAL = $272 475.00
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Exhibit C1
Page 2 of 4
Exhibit C1
Public Improvements Constructed by Marana
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T'QWN OF' MARANp
Camino De Mariana 16" Z-Zone Water Main
Linda Ysta Boulevard to Tangerine Road
Towrt of Marana Project No. 2010-3Q0-005
F
WATER'
GMP,ESTIMATE #2
PROJECT:NO.: 2010300.005
NAME: GAMING DE MARANA f DOVE.MOUNT/11N BOULEVARD EXTENSION
YiIATER LINE AND 800STER STATIONS
CONTRACTOR: BORDERLAND CON9TRUGTION COMPANY, INC,
CAMINO DE MARANA -16" Z,ZONE WATER MAIN (MARANA SPECTRUMT
M NO -' DESCRIMION QTY UM' ~ UNRBIO TOTAL BID
1 32". STEEL CASING (.375 IVACL), 95 LF $150189 $14,334.55
32" STEEL CASING (.375 Y11AlL)(DOVE IuIOUNTAIIV
2 EXTENSL
260
$124,12
$32,271.:20..
3 16" CL--250 DIP WATER. 7,732 LF $66;93 $517,502,76 .
4 ie- B.UTTERFL VALVE. .. 11 EACH ` ,474:87- $38,223:57.
5 12" CL-350 P WATERMPi1N AT DES,ER'f FALCON. 240 lF $80 81 $19,394.40'
6 12" GATE VALVE'(INCLUDING STUBS): 1 EACH $2,457,80- $2,457 84.
7 8" GL-$SQ DIP WATERMAIIN 494 LF $49.69 $24,6¢5.66`
8 8"-GATE VALVE TEACH $1,459.68- $10,217.76
9 2" CO BINRTION AIR RELEASE VALVE 2 EACH $2,6$2.60 •$5,366.20x...
10 2" DRAIN VALVE ASSEMBL 6 EACH $1,27660 $7,659.60
11 CORROSION. TEST STATION 6 EACH $672:21 $4,033:26
12 : JO1NT BOND NG 439 EACH $60.65 $28,625.35
13. CORROSION:REPORT 1 EACH: $3'.000,04' $3,000.00-
. 14 . CONNECT TO EXISTING 1 EACH $2,057.80- $2;.057.80.
15: , ,CLEAR R. tG.HT-OF-WAY 1 ACRE: $2,530:00 $1,265:00
16: SURVEY 1 LS $16,400:00 $16,400,Q0
17 .TESTING' 1 LS $12,765.00 $12,765.40•.
18 BOND 1 LS $6,031:51- $6;031.51
19 SALES TAX 1 LS $63,593.55 $63,593:85..
20 GENERAL,IQB EXPENSE B.COMP.ANY OVERHEAD. _ 9: LS $15~8,333:YT $O.OU
COMPANY'OVERHEAD' _ 1' LS $75.145.17 : $75,145.T7
CONSTRUCTION WATER` 1 LS $4.800.00 $4,8QA:00 .
GLEAN UP 1; lS $950.00 $950:00.
MOBILIZATION. 40 HR $154.70 $6,188.00.
PORTABLE TOILET 8 MO $100.00 $750:00
SUPERVISION 30 IN $2;350:00 : $70;500:00
21 CONTRACTORS E, , 1 LS 366,370:93 $&6,370.93
22 OWNERS CONTINGENCY=S% 1 LS $51;627.40 $51,627.40
TOTAL-16".Z;ZONE ATER MAIN 1,,084,175.47 ';
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Exhibit C1
Page 3 of 4
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Exhibit C1
Public Improvements Constructed by Marana
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Iteni~~-~Iu ~ ~ IN ' . B j. h. .~- } 21 Y _~
ItemDescrip#~u
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ualit~ty -"s~~»
Un~t~r~ce~ "t t ' 4 M1 i
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ROADWAY, BRIDGE STRUCTURE AND
$2,922,159.25
DRAINAGE BOX CULVERT TOTAL =
9240170 CONTRACTOR QUALITY CONTROL (1%) L.SUM 1 29221.5925 $29,221.59
9250001 CONSTRUCTION SURVEYING AND L.SUM 1 58443.185 $58,443.19
LAYOUT 2%
CONSTRUCTION ENGINEERING 9% Cost $262 994.33
BITUMINOUS MATERIAL (LIQUID
ASPHALT) ESCALATION PROVISIONS Cost $58,443.19
2%
FUEL ESCALATION ADJUSTMENT (0.2%) Cost $5,844.32
OTHER PROJECT COSTS TOTAL = $414,946.61
TOTAL COST ATTRIBUTABLE TO
$3,337,105.86
CONSTRUCTION =
DESIGN COSTS TO INCORPORATE $20,000.00
CHANGES =
TOTAL COST -TWIN PEAKS
$3,357,105.86
INTERCHANGE PROJECT =
_~ ~ J~ ~~; a s f -L i
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CAMINO DE MANANA GMP CHANGE ORDER FROM $1,084,175.47
BORDERLAND FOR 16" WATER MAIN =
WATER LINE DESIGN BY WESTLAND RESOURCES $9,000.00
CONSTRUCTION INSPECTION AND AS-BUILTING BY
$17,000.00
WESTLAND RESOURCES
TOTAL COST - CAMINO DE MANANA PROJECT = $1,110,175 47
TOTAL PUBLIC IMPROVEMENT COSTS -TOWN OF MARANA = $4,467,281.33
i4
Exhibit C1
Page 4 of 4