4-28-2021 LPRDA/TIRZ - Laserfiche WebLink

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La Porte Redevelopment Authority c/o David Hawes, Hawes Hill & Associates, LLP April 28, 2021 Page 2 B. We will review the computation of certain costs, looking for any amounts required to be paid 100% by the Developer, in accordance with the Development Agreement. Any costs required to be paid by the Developer will be deducted, C. We will foot the extensions of any engineering invoices pertaining to the reimbursement on a test basis and compare the contract amounts used in determining the fee for the design and construction phase portions of the invoice to the related construction contracts and to the engineering contract, when appropriate. D. For construction pay estimates, we will foot and test extensions of any individual items on a test basis on payments made on behalf of the Authority. E. For all payments, we will compare the payment dates to copies of cancelled checks. If cancelled checks are not available, alternate procedures will be designed to support dates and amounts of payments. F. We will prepare a schedule that computes interest in accordance with the terms of the Development Agreement. G. If possible, we will obtain verbal confirmation from construction contractors concerning whether or not the contract estimates to date have been paid in full and whether or not the contractor has any claims to be made against either the Authority or Developer on the project. H. We will prepare a reimbursement report for the benefit of the City, including the accountant's report and schedule of amounts reimbursable to the Developer, and will compare the amounts in the Zone Improvements with the actual reimbursable costs and estimated costs to complete the projects. I. We will be available to attend a meeting to present the report, and to answer questions relating to the report. The objective of this agreed -upon procedures engagement will be to assist you in evaluating the reasonableness of the aforementioned costs. Because the above agreed - upon procedures do not constitute an examination or review, we will not express an opinion or conclusion on the aforementioned reimbursable costs. In addition, we have no obligation to perform any procedures beyond those listed above.