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. <br /> 410 1111 <br /> Memo - Page 2 <br /> Re: City Hall Financing <br /> 11/111/7! <br /> I recognise that this exceeds our original estimates, <br /> but if we were to start all over the costs would increase 15% <br /> to 2011. If the Contingency Reserve is not used on the project <br /> that could be used as a part of the first payment. <br /> As you will note there is a difference in the leasing <br /> company's figures and the estimate, I did not get the architect's <br /> final figures until Wednesday of this week. <br /> I still feel the total project is worthwhile. <br /> LEON A. WURL <br /> City Administrator <br />