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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: May 10,2010 <br /> <br />Budl!et <br /> <br />Requested By: Fiscal Affairs <br /> <br />Source of Funds: <br /> <br />Department: <br /> <br />Administration <br /> <br />Account Number: <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />Amount Budgeted: <br /> <br />Exhibits: <br /> <br />Financial transactions of the plaza <br /> <br />Amount Requested: <br /> <br />Exhibits: <br /> <br />Certification of transfer of funds <br /> <br />Budgeted Item: YES <br /> <br />NO <br /> <br />Exhibits <br /> <br />IIRS UiIIillK IllfQrmatiQIl <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The Fiscal Affairs Committee has met several times to address a citizen's concerns regarding the Town Plaza. Knox <br />and I have answered all of the questions that have been raised, but I understand that the committee would like to <br />professionally review the following two items: <br /> <br />I) The City's tinancial transactions regarding the closing of the "triangle" property and the $150,000 loan to <br />Garson Silvers, that was subsequently paid otT. <br />2) The architects (URS) billing regarding the Town Plaza, specitically regarding their reimbursable submittal. <br /> <br />I have attached Knox's summary and answers regarding the tinancial transactions. Also attached is Michael <br />Dolby's certitication of the transfer offunds discussed in Knox's summary. I have also attached information <br />regarding the URS billing question, that includes a letter ti'om URS that summarizes their billing. Due to the size of <br />the information, we've also placed a copy of all of the backup for URS's billing in your offices for your review. <br /> <br />Action Required bv Council: <br /> <br />Consider approval or other action authorizing the Fiscal Affairs Committee to develop a scope of work for a review <br />of the tin a ransactions of the Town Plaza Project and a proposed budget. <br /> <br /> <br />0J~ <br /> <br />Date <br />