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Resolution 2018-59
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Resolution 2018-59
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Last modified
3/12/2021 4:28:58 PM
Creation date
12/19/2018 10:30:09 AM
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Template:
City Council Records
Doc Type
Resolution
Ord/Res - Year
2018
Ord/Res - Number
59
Original Hardcopy Storage
7D6
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RES 2018-59
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NOW THEREFORE, in consideration of the foregoing recitals, the Parties agree <br />as follows: <br />1 The Agreement is amended by deletion of paragraph 3 and the substitution of the <br />following new paragraph 3 <br />3 Participant agrees to provide to the WGF Enterprise funds for it's <br />pro rata share of the costs necessary to complete the Fifth Phase of the <br />Project. <br />A. The WGF Enterprise estimated that Participant's pro rata <br />share of the costs of the Fifth Phase of the Project was $431,597 for the <br />2016 calendar year Participant paid the WGF Enterprise its pro rata share <br />of the 2016 calendar year costs. <br />B. The WGF Enterprise estimated that Participant's pro rata <br />share of the costs of the Fifth Phase of the Project was $350,624 for the <br />2017 calendar year Participant paid the WGF Enterprise its pro rata share <br />of the 2017 calendar year costs. <br />C The WGF Enterprise estimated that Participant's pro rata <br />share of the costs of the Fifth Phase of the Project was $283,500 for the <br />2018 calendar year Participant paid the WGF Enterprise its pro rata share <br />of the 2018 calendar year costs. <br />D The WGF Enterprise estimates that Participant's pro rata <br />share of the cost of the Fifth Phase of the Project is $315,000 for the 2019 <br />calendar year Participant will pay the WGF Enterprise its pro rata share of <br />the 2019 calendar year costs on or before February 1, 2019 This estimated <br />cost will not be increased or exceeded without the prior written approval <br />of Participant <br />If the Fifth Phase of the Project cannot be completed within these <br />estimated costs, the WGF Enterprise is not obligated to complete the Fifth <br />Phase of the Project for the benefit of Participant unless sufficient <br />additional pro rata funds as determined by the WGF Enterprise are <br />provided by Participant. Attached hereto as Exhibits A, B C, and D are <br />tables showing the pro rata share of the costs of the Project for each <br />Participant for 2016, 2017, 2018 and 2019 based upon then -current <br />allocations of capacity in the Project. <br />Page 2 of 3 <br />
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