HomeMy WebLinkAboutResolution 2007-109 IGA with ADOT relating to the I-10 /twin peaks traffic interchangeMARANA RESOLUTION N0.2007-109
RELATING TO PUBLIC WORKS; APPROVING AND AUTHORIZING THE EXECUTION OF
AN INTERGOVERNMENTAL AGREEMENT BETWEEN THE ARIZONA DEPARTMENT OF
TRANSPORTATION AND THE TOWN OF MARANA RELATING TO THE I-10 /TWIN
PEAKS TRAFFIC INTERCHANGE.
WHEREAS the construction of the new I-10 Twin Peaks Traffic Interchange is essential to
the public safety and general welfare of local residents as well as those traveling through Arizona on
Interstate-10; and
WHEREAS the State of Arizona, by and through its Department of Transportation, desires to
assist the Town of Marana in its design, planning and funding for the project; and
WHEREAS the Mayor and Council of the Town of Marana feel it is in the best interests of
the citizens of both the State and the Town of Marana to enter into this intergovernmental agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF MARANA, that the intergovernmental agreement between the Town of Marana and the
State of Arizona attached to and incorporated by this reference in this resolution as Exhibit A is
hereby approved, and the Mayor is hereby authorized to execute it for and on behalf of the Town of
Marana.
IT IS FURTHER RESOLVED that the Town's Manager and staff are hereby directed and au-
thorized to undertake all other and further tasks required or beneficial to carry out the terms, obliga-
tions, and objectives of the intergovernmental agreement.
PASSED and ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
19th day of June, 2007.
ATTEST:
celyn C ronson, Town Clerk
s
APPRO 1:
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FORM:
Assistan~own Attorney
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Ma or Ed Honea
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CIH 6/14/07
Arizona Department of Transportation
Intermodal Transportation Division
~QD.~• 206 South Seventeenth Avenue Phoenix, Arizona 85007-3213
Janet Napolitano Sam Elters
Governor State Engineer
June 17, 2008
Victor M. Mendez
Director
Memorandum Of Understanding
This MOU is written to clarify II.2.f in JPA number 06-148.
Paragraph f. states that Marana is responsible for the demolition, hazardous materials removal and
asbestos removal in the right-of--way using State approved suppliers. To use the State approved
suppliers would also require using our agent who provides their oversight, Harry De Prins.
Mr. De Prins, in accordance with ADOT's current standards, policies and procedures will be responsible
for identifying demolition activity in relation to the project, writing specifications for asbestos testing,
asbestos abatement, NESHAP Notifications, dust control, SWPPP (Storm Water Pollution Prevention
Plan) other environmental remediation and demolition, documentation, utility abandonments at the
demolition sites and oversight of all the aforementioned activities applicable to the clearing of the right-
of-way.
The Town of Marana will be responsible for reviewing the submitted bids, selecting and awarding the
contract(s) and to pay the testing, abatement and demo contractors upon submission of their invoice(s).
The Town will also be responsible for notification and coordination of Mr. De Prins involvement
including his contact information.
TOWN OF MARANA
STATE OF ARIZONA
Department of Transportation
~~ , /
r ~ ~~(/~~
By ~ , "~ _. gY
eith Brann, Assistant Director of Public Works; Stephen Wilson, Project Manager
Town Engineer
ATTEST:
By 61s?
an Cassidy, Towr~Attorney
STATE OF ARIZONA
Department of Transportation
..--~
By
Gre ents ,Tucson District Engineer
~r;
riwna
s
r
2001 Award Reapient
Arizona De - artment of Trans -`ortation
p p
Intermodal Transportation Division.
~~~~ 205 South Seventeenth Avenue Phoenix, Arizona 85007-3213
Janet Napolitano
Governor Sam Elters
Victor M. Mendez August 8, 2007 State Engineer
Director
Ms. Jocelyn C. Bronson
Town Clerk
Town of Marana
11555W. Civic Center Drive
Marana, Arizona 85653-7007
Reference:
AG Contract No. KR07-0594TRN
ADOT File No.: JPA 06-148
TRACS: H5838 01 D & 01 C
Project: Twin Peaks Linda Vista TI
Dear Ms. Bronson:
Enclosed is the original executed Agreement JPA 06-148, filed with the Secretary of State, on August 1, 2007,
for the Town's records.
If I can be of further assistance, please do not hesitate to contact me at (602) 712-8998.
Sincerely,
Lisa Yahraus
JPA Agreement Sp ~alist II
205 S. 17th Avenue MD 616E Room 293
Phoenix, Arizona 85007
Phone (602) 712-8998
Fax (602) 712-7424
August 8, 2007 ly
Arizona De artlment of Trans ortation
"~!~ p p
Intermodal Transportation Division
~D~T 206 South Seventeenth Avenue Phoenix, Arizona 85007-3213
Janet Napolitano Sam Elters
Governor State Engineer
Victor M. Mendez June 17, 2008
Director
Memorandum Of Understanding
This MOU is written to clarify II.2.f in JPA number 06-148.
Paragraph f. states that Marana is responsible for the demolition, hazardous materials removal and
asbestos removal in the right-of--way using State approved suppliers. To use the State approved
suppliers would also require using our agent who provides their oversight, Harry De Prins.
Mr. De Prins, in accordance with ADOT's current standards, policies and procedures will be responsible
for identifying demolition activity in relation to the project, writing specifications for asbestos testing,
asbestos abatement, NESHAP Notifications, dust control, SWPPP (Storm Water Pollution Prevention
Plan) other environmental remediation and demolition, documentation, utility abandonments at the
demolition sites and oversight of all the aforementioned activities applicable to the clearing of the right-
of-way.
The Town of Marana will be responsible for reviewing the submitted bids, selecting and awarding the
contract(s) and to pay the testing, abatement and demo contractors upon submission of their invoice(s).
The Town will also be responsible for notification and coordination of Mr. De Prins involvement
including his contact information.
TOWN OF MARANA
STATE OF ARIZONA
Department of Transportation
~~" '-
By By ~~~
eith Brann, Assistant Director of Public Works; Stephen Wilson, Project Manager
Town Engineer
ATTEST:
By ~
an Cassidy, Towr~Attorney
STATE OF ARIZONA
Department of Transportation
ay
Gre ents ,.Tucson District Engineer
~ " 1YT{JtiQ
S
2001 Rward Reagent
Agreement JPA File No.: 06-148
AG Contract No.: KR07-0594TRN
Project: Twin Peaks Linda Vista TI
TRACS No.: H5838 01 D
H5838 01 C
Budget Source Item No.: 14506
INTERGOVERNMENTAL AGREEMENT
BETWEEN.
THE STATE OF ARIZONA
AND
TOWN OF MARANA
THIS AGREEMENT is entered into this date G'C~CG ~'~ l~~ , 2007,
pursuant to the Arizona Revised Statutes § 11-951 rough 11-954, as amended,
between the STATE OF ARIZONA, acting by and through its DEPARTMENT OF
TRANSPORTATION (the "State") and the TOWN OF MARANA, acting by and through its
MAYOR and TOWN COUNCIL (the "Town").
I. RECITALS
1. The State is empowered by Arizona Revised Statutes § 28-401 to enter into this
Agreement and has delegated to the undersigned the authority to execute this
Agreement on behalf of the State.
2. The Town is empowered by Arizona Revised Statutes § 9-240 to enter into this
Agreement and has by resolution, a copy of which is attached hereto and made a part
hereof, resolved to enter into this Agreement and has authorized the undersigned to
execute this Agreement on behalf of the Town.
3. The Town and the State agree that the construction of a new traffic interchange
on I-10 between Cortaro Road and Avra Valley Road in Pima County, Arizona is
essential to the public safety and welfare. The interchange will connect Twin Peaks
Road on the west to Linda Vista Boulevard/EI Camino de Mariana on the east. The
interchange will be grade-separated with I-10 and the Union Pacific Railroad track and
will include intersections with the I-10 eastbound and westbound frontage roads. Anew
business access/circulation roadway will be included. Also included is a new bridge over
the Santa Cruz River. The map attached as Exhibit 1 depicts the location and design of
the I-10 Traffic Interchange at Twin Peaks hereinafter referred to as the Project.
4. The State has agreed to contribute a maximum of $14,000,000.00 from
programmed funds scheduled in 2007-2011 towards all costs of the Project including
construction engineering and administration. The Town will provide design plans and
right-of-way plans. The Town will be responsible for acquisition of all right-of-way. The
Town will provide and pay for all relocation assistance and benefits as provided below.
The Town will pay actual costs to the State in excess of the State's contribution. The
State will review and approve the design plans and right of way plans for the Project and
will advertise for bid award and administer the construction contract.
Page 2 JPA 06-148
THEREFORE, in consideration of the mutual covenants expressed herein, it is agreed as
follows:
11. SCOPE OF WORK
1. Authorize the State to act as its agent for the Project
2. The Town shall:
a. Provide design plans prepared to State standards, specifications and other
such documents and services required for construction bidding of the Project and
incorporate or resolve States review comments.
b. Be responsible for payment of any contractor claims for extra compensation
due to delays attributable to the Town. The State shall administer the process and the
Town will have input in the claims process. All settlements will be jointly approved. The
Town will deposit 100% of cost increases due to change orders into the LGIP account.
c. Prepare the right-of-way plans and coordinate with ADOT RNV Plans Section
regarding the survey data.
d. Be responsible for acquisition of all right of way needed for construction,
including, without limitation, the acquisition and removal of all outdoor advertising
structures within the Project limits. Be responsible for all relocation if any. The Town
shall use appraisers and right of way acquisition personnel approved by the State and
shall confirm to the Arizona Department of Transportation ("ADOT") Right of Way manual
and the Uniform Relocation Assistance and Real Property Acquisition Policies Act.
e. Be responsible for obtaining all environmental clearances and complying with
all environmental requirements, including all archeological inventory and mitigation.
f. Be responsible for demolition of improvements, asbestos removal and
removal of hazardous material in the right-of-way acquired using State approved
suppliers.
g. Be responsible for all Project costs, including construction and administration
("Project Costs") over the State's contribution of $14,000,000.00 payable from Town and
Pima Association of Governments Regional Transportation Authority funds referred to on
Exhibit 2.
h. Convey, by Arizona transportation Board Resolution all property necessary
for the Interchange and frontage roads to the State prior to bid advertisement for the
Project. The Town will be responsible for preparing a legal description and exhibits for
the Resolution of the property to be conveyed; ADOT will prepare said Resolution and
submit to the Board. The Town will be responsible for monumenting the boundaries and
reflecting the boundaries on the right-of-way plans.
i. Prior to Board establishment, the Town shall provide to the State all original,
recorded vesting documents and Title insurance policies. The property to be conveyed
shall be free and clear of all liens and encumbrances. The Town will be responsible for
obtaining releases on any outstanding liens that have not cleared by the time of Board
establishment.
j. After construction, be responsible for ownership and maintenance of the
portion of the Project outside ADOT's right of way limits as depicted on the map attached
as Exhibit 3, and waive the requirements of Arizona Revised Statute 28-7209. (Area
depicted on Exhibit 3 will be abandoned by Arizona Transportation Board Resolution
upon completion of the Project.)
Page 3 JPA 06-148
k. Provide an estimated schedule of cash flow requirements and detail of the
source of funds, attached as Exhibit 2.
As good faith, deposit $15,000,000.00 to the State prior to bid award of
the construction contract in the LGIP Account with the State Treasurer's
office.
Upon receipt of a monthly invoice from the State, the Town shall pay it's
proportionate share of the project construction costs. The Town will
continue to pay its proportionate share until the project is completed and
final billing. The Town's proportionate share will be calculated based
upon the ADOT contribution and the Project cost. The numerator is the
Project Cost minus $14,000,000.00 and the denominator is the Project
Cost ((Project Costs - $14M)/Project Cost).
iii. It is the expectation of the Parties that upon payment of the last invoice
and completion of the Project, there will be no money left on deposit.
Any funds remaining on account will be paid to the Town. All money on
deposit with ADOT shall be deposited in an interest bearing escrow
account at the State Treasurer's Office All interest shall be credited to
the Town's portion of the Project costs.
3. The State shall:
a. Review and approve all right of way plans, legal descriptions and other right
of way documents prepared by the Town.
b. Review and approve the design documents required. for construction of the
Project, and provide comments to the Town as appropriate.
c. Administer the claims process and be responsible for payment of any
contractor claims for extra compensation due to delays attributable to the State. The
Town will have input in the claims process and all settlements will be jointly approved.
d. Advertise for bids and award the construction contract for the Project.
Administer contracts for the Project and make all payments to the contractor.
e. Be responsible for all aspects of construction administration pursuant to the
current ADOT Construction Manual.
f. After construction, be responsible for ownership and maintenance of all right
of way conveyed to the State by the Town through Board Resolution for the Interchange
and frontage roads as depicted on Exhibit 3.
g. Pay all Project costs from funds deposited by the Town's (attached as Exhibit
2) and the State's contribution.
Monthly invoice the Town, for Project construction costs that are to be
funded with Town or programmed funds in excess of the State's
contribution.
ii. Credit interest earnings on monthly cash balances into the Town's deposit
account.
Page 4
JPA 06-148
iii. Once all project costs from State and Federal sources have been paid,
use its best efforts to "draw down" the balance of the deposit account in
such a manner so as to retain a sufficient balance to fund future
estimated monthly project costs.
iv. Assist the Town with establishing a Town Local Governmental
Investment Pool (LGIP) Account with the State Treasurer's Office. The
Town is required to deposit $15,000,000.00 prior to bid award Interest on
Town's LGIP Account shall be for the benefit of the Town, available to
pay for monthly actual Project costs.
h. Upon completion of the Project, by State Transportation Board Resolution,
the State shall transfer and turnback ownership to the Town of all right-of-way, depicted
on Exhibit 3 as "Marana Maintenance Area".
4. Both Parties Agree:
a. To grant the other, their agents, contractors, consultants and employees the right
to enter any property acquired for the Project for purposes of the Project.
b. To waive all permits and permit fees associated with the Project that would
otherwise be required.
c. For the purposes of this Agreement, Right-of-Way is defined as being either a fee
or easement interest.
111. MISCELLANEOUS PROVISIONS
1. The Recitals to this Agreement are incorporated herein. The terms, conditions
and provisions of this Agreement shall remain in full force and effect until completion of
construction of the Project and related deposits. The Town assumes full responsibility :for
the design, plans, specification, reports, and the engineering in connection therewith of
any design contractor cost over-runs and design claims.
2. Each party (as "Indemnitor") agrees to indemnify, defend, save and hold
harmless the other party (as "Indemnitee") from and against any and all claims, losses,
liability, costs, or expenses including reasonable attorneys' fees, hereinafter collectively
referred to as ("claims"), arising out of bodily injury of any person, including death or
property damage, but only to the .extent that such claims which result in
vicarious/derivative liability to the Indemnitee, are caused by the act, omission,
negligence, misconduct, or other fault of the Indemnitor, its officers, officials, agents,
employees or volunteers.
3. This Agreement shall become effective upon filing with the Secretary of State.
4. This Agreement may be cancelled in certain instances in accordance with
Arizona Revised Statutes § 38-511.
5. The provisions of Arizona Revised Statutes § 35-214 pertaining to State audit are
applicable to this Agreement.
6. In the event of any controversy, which may arise out of this Agreement, the Town
and the State agree to abide by required arbitration as is set forth for public works
contracts in Arizona Revised Statutes § 12-1518.
7. All notices or demands upon any party to this Agreement shall be in writing and
shall be delivered in person or sent by mail, addressed as follows:
Page 5
Arizona Department of Transportation
Joint Project Administration
205 S. 17th Avenue, Mail Drop 616E
Phoenix, Arizona 85007
(602) 712-7525
(602) 712-7424 Fax
Town of Marana
Michael A. Reuwsaat,
Town Manager
11555 W. Civic Center Dr.
Marana, Arizona 85653
Phone # 520-682-3401
Fax # 520-682-2654
JPA 06-148
8. This Agreement is subject to all applicable provisions of the Americans with
Disability Act (Public Law 101-336, 42 U.S.C. 12101-12213) and all applicable Federal
regulations under the Act, including 28 CFR Parts 35 and 36. The parties to this
Agreement shall comply with Executive Order Number 99-4 issued by the Governor of
the State of Arizona and incorporated herein by reference regarding "Non-
Discrimination".
9. Non-Availability of Funds: Every payment obligation of the State under this
Agreement is conditioned upon the availability of funds appropriated or allocated for the
payment of such obligations. If funds are not allocated and available for the continuance
of this Agreement, this Agreement may be terminated by the State at the end of the
period for which the funds are available. No liability shall accrue to the State in the event
this provision is exercised as a result of termination under this paragraph.
10. In accordance with Arizona Revised Statutes § 11-952 (D,) attached is the
written determination of each party's legal counsel and that the parties are authorized
under the laws of this State to enter into this Agreement and that this Agreement is in
proper form.
IN WITNESS WHEREOF, the parties have executed this Agreement the day and year
first above written.
TOW N OF MARANA
STATE OF ARIZONA
Department of Transportation
By By ~'~ ~ -=-~-,
ED H EA SAM MAROUFKHANI P.E.
Mayor Deputy State Engineer, Development
ATTEST:
JPA -
Town of Marana -Traffic Interchange on
I-10 between Cortero Road and Avra Valley Road
Approved by AG's office May 22, 2007-1y
B
ELYN RONSON
own Cler
JPA 06-148
ATTORNEY APPROVAL FORM
FOR THE TOWN OF MARANA
INTERGOVERMENTAL AGREEMENT DETERMINATION
I have reviewed the above referenced Intergovernmental Agreement between the State of
Arizona, acting by and through its DEPARTMENT OF TRANSPORTATION, and THE TOWN OF
MARANA, an Agreement among public agencies which, has been reviewed pursuant to A.R.S. §
11-952, as amended, by the undersigned TOWN'S Attorney who has determined that it is in
proper form and within the powers and authority granted to the TOWN under the laws of the State
of Arizona.
No opinion is expressed as to the authority of the remaining parties to enter into said
Agreement.
Dated "~"'/~~_ ~ ~~ 0 ~ , 2007
_,
~' f
~` Atto~ey
_.~~''~
- I OFFICE OF THE ATTORNEY GENERAL CIVIL DIVISION
TERRY GODDARD STATE OF ARIZONA TRANSPORTATION SECTION
Attorney General Direct Line: 602.542.8837
INTERGOVERNMENTAL AGREEMENT
DETERMINATION
A.G. Contract No. KR07-0594-TRN, an agreement between public agencies, has
been reviewed pursuant to A.R.S. § 11-952, as amended, by the undersigned Assistant
Attorney General who has determined that it is in the proper form and is within the powers
and authority granted to the State of Arizona.
No opinion is expressed as to the authority of the remaining parties, other than the
State or its agencies, to enter into said agreement.
Date: 24 July 2007
Terry Goddard
ATTORNEY GENERAL
James R. Redp th
Assistant Attorney General
Transportation Section
JRR:djd:s343
1275 West Washington, Phoenix, Arizona 85007-2997 • Phone 602-542-1680 Fax 602 -542-3646
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Marana Twin Peaks/Linda Vista Interchange
Cash flow analysis by month
With HELP Loan
Date cash out type cash in type balance
12/1/2011 $ 976,182.95
Note: the 3.84 million help loan is shown on the 2008 TIP, the 4.5 million additional
HELP loan is an estimate to keep the funding solvent.
Monthly Cash Flow
$40,000,000.00
$35,000,000.00
$30,000,000.00
$25,000,000.00 ~ ~ -
$20,000,000.00 --- _ ^cash out
m
- ®cash in
Q° $15,000,000.00 ------- ---------- --- ----"-""--- ^balance
$10,000,000.00 --
$5,000,000.00 -'-- ----- - - -------------
$-
$(5,000,ooo.OQ~~`~ o`' o`' o`O o~ ~` o~ o~ o~' o`~ oo ,~c ,~o ,~ti ,~~
Pao, ~~~ P~~ F~~ P~~ ~~~ P°~ ~~~ P~~ F~~ P~~ ~0~ P~~ ~~~ PJ~
Date
Marana Twin Peaks/Linda Vista Interchange
Cash flow analysis by month
With HELP Loan
Date cash out type cash in type balance
8/1/2004 $ 773,225.45 URS to date
9/1/2004 $ 132,562.61 URS bill $ (132,562.61)
10/1/2004 $ 3,639.89 URS bill $ 821,254.00 HR 3 $ 685,051.50
11/1/2004 $ 685,051.50
12/1/2004 $ 64,748.17 URS bill $ 620,303.33
1/1/2005 $ 12,650.62 URS bill $ 607,652.71
2/1/2005 $ 5,951.72 URS bill $ 601,700.99
3/1/2005 $ 9,718.55 URS bill $ 591,982.44
4/1/2005 $ 591,982.44
5/1/2005 $ 34,490.73 URS bill $ 557,491.71
6/1/2005 $ 9,400.01 URS bill $ 548,091.70
7/1/2005 $ 18,747.24 URS bill $ 12,000.00 PAG $ 541,344.46
8/1/2005 $ 8,354.71 URS bill $ 532,989.75
9!1/2005 $ 532,989.75
10/1/2005 $ 13,794.46 URS bill $ 827,305.00 HR 3 $ 1,346,500.29
11/1/2005 $ 1,346,500.29
12/112005 $ 37,785.56 URS bill $ 1,308,714.73
1/1/2006 $ 1,308,714.73
2/1/2006 $ 40,755.61 URS bill $ 1,267,959.12
3/1/2006 $ 14,685.21 URS bill $ 1,253,273.91
4/1/2006 $ 17,176.58 URS bill $ 1,236,097.33
5/1/2006 $ 97,136.49 URS bill $ 1,138,960.84
6/1/2006 $ 64,109.90 URS bill $ 1,074,850.94
7/1/2006 $ 48,732.26 URS bill $ 3,259,000.00 RTA $ 4,285,118.68
8/1/2006 $ 88,606.33 URS bill $ 4,196,512.35
9/1/2006 $ 74,505.36 URS bill $ 4,122,006.99
10/1/2006 $ 183,180.81 URS bill $ 20,607,470.00 various HR,ADOT $ 24,546,296.18
11/1/2006 $ 134,623.66 URS bill $ 24,411,672.52
12/1/2006 $ 210,826.73 URS bill $ 24,200,845.79
1/1/2007 $ 127,314.82 URS bill $ 24,073,530.97
2/1/2007 $ 188,836.02 URS bill $ 23,884,694.95
3/1/2007 $ 250,000.00 URS bill $ 8,000,000.00 TOM DIFO $ 31,634,694.95
4/1/2007 $ 8,000,000.00 ROW acquire $ 23,634,694.95
5/1/2007 $ 2,000,000.00 ROW acquire $ 21,634,694.95
6/1/2007 $ 250,000.00 URS bill $ 21,384,694.95
7/1/2007 $ 2,000,000.00 ROW acquire $ 9,502,000.00 PAG, RTA $ 28,886,694.95
8/1/2007 $ 2,000,000.00 ROW acquire $ 26,886,694.95
9/1/2007 $ 250,000.00 URS bill $ 26,636,694.95
10/1/2007 $ 960,000.00 HR 3 $ 27,596,694.95
11/1/2007 $ 27,596,694.95
12!1/2007 $ 250,000.00 URS bill $ 27,346,694.95
1/1/2008 $ 3,840,000.00 HELP LOAN $ 31,186,694.95
2/1/2008 $ 31,186,694.95
3/1/2008 $ 31,186,694.95
Marana Twin Peaks/Linda Vista Interchange
Cash flow analysis by month
With HELP Loan
Date cash out type cash in type balance
4/1/2008 $ 31,186,694.95
5/1/2008 $ 6,900,000.00 contractor pmt $ 24,286,694.95
6/1/2008 $ 5,520,000.00 contractor pmt $ 2,000,000.00 TOM DIFO $ 20,766,694.95
7/1/2008 $ 4,140,000.00 contractor pmt $ 20,029,000.00 PAG, RTA $ 36,655,694.95
8/1/2008 $ 4.140,000.00 contractor pmt $ 32,515,694.95
9/1/2008 $ 4,140,000.00 contractor pmt $ 28,375,694.95
10/1/2008 $ 4,140,000.00 contractor pmt $ 960,000.00 HR 3 $ 25,195,694.95
11/1/2008 $ 4,140,000.00 contractor pmt $ 21,055,694.95
12/1/2008 $ 3,450,000.00 contractor pmt $ 17,605,694.95
1/1/2009 $ 3,450,000.00 contractor pmt $ 657,488.00 UPRR contribution $ 14,813,182.95
2/1/2009 $ 3,450,000.00 contractor pmt $ 4,500,000.00 HELP LOAN $ 15,863,182.95
3/1/2009 $ 3,450,000.00 contractor pmt $ 12,413,182.95
4/1/2009 $ 3,450,000.00 contractor pmt $ 8,963,182.95
5/1/2009 $ 3,450,000.00 contractor pmt $ 5,513,182.95
6/1/2009 $ 3,450,000.00 contractor pmt $ 2,000,000.00 TOM DIFO $ 4,063,182.95
7/1/2009 $ 3,450,000.00 contractor pmt $ 8,703,000.00 PAG, RTA $ 9,316,182.95
8/1/2009 $ 2,760,000.00 contractor pmt $ 6,556,182.95
9/1/2009 $ 2,760,000.00 contractor pmt $ 3,796,182.95
10/1/2009 $ 2;760,000.00 contractor pmt $ 1,036,182.95
11/1/2009 $ 1,036,182.95
12/1/2009 $ 1,036,182.95
1/1/2010 $ 1,036,182.95
2/1/2010 $ 1,036,182.95
3/1/2010 $ 1,036,182.95
4/1/2010 $ 1,036,182.95
5/1/2010 $ 1,036,182.95
6/1/2010 $ 2,000,000.00 HELP PMT $ 2,000,000.00 TOM DIFO $ 1,036,182.95
7/1/2010 $ 2,280,000.00 PAG $ 3,316,182.95
8!112010 $ 3,316,182.95
9/1/2010 $ 3,316,182.95
10/1!2010 $ 3,316,182.95
11/1/2010 $ 3,316,182.95
12/1/2010 $ 3,316,182.95
1/1/2011 $ 2,000,000.00 HELP PMT $ 1,316,182.95
2/1/2011 $ 1,316,182.95
3/1!2011 $ 1,316,182.95
4/1/2011 $ 1,316,182.95
5/1/2011 $ 1,316,182.95
6/1/2011 $ 1,316,182.95
7/1/2011 $ 4,340,000.00 HELP PMT $ 4,000,000.00 PAG $ 976,182.95
8/1/2011 $ 976,182.95
9/1/2011 $ 976,182.95
10/1/2011 $ 976,182.95
11/1/2011 $ 976,182.95
EXHIBIT 3
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