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<br />AGENDA ITEM 9: <br /> <br />DISCUSS REFUNDING REQUEST BY ARETE DEVELOPMENT FOR VARIOUS <br />EXPENSES ASSOCIATED WITH THE LA PROTE GOLF COURSE COMMUNITY <br /> <br />David Hawes has prepared a Draft Reimbursement Agreement between Redevelopment <br />Authority and Arete Development (attached). Most ofthe agreement is boilerplate items dealing <br />with the mechanics and measures for reimbursement. The amount of reimbursement has been <br />left blank. The agreement has been forwarded to both Andrews/Kurth and Arete for their <br />reVIew. <br /> <br />Staff will be prepared to review and answer questions on the initial report, previously forwarded <br />to board members, regarding estimated construction costs and reimbursable expenses. <br /> <br />The report is intended to be a starting point for discussions regarding the total reimbursement for <br />Arete Development. Additionally, we suggest that the final agreement be structured as a straight <br />percentage reimbursement to simplify future accounting/auditing. <br /> <br />Also, as a sidebar, staffhas asked Arete to have a Traffic Engineering Analysis performed <br />evaluating the impacts of the proposed development on SH146, Wharton Weems and McCabe <br />Road. Staff feels this should be a reimbursable expense as it benefits the general public. <br /> <br />Action <br />Discuss reimbursement agreement for Arete Development and receive further direction from the <br />Redevelopment Authority. <br /> <br />NOTE: PLEASE BRING MATERIAL SENT TO YOU IN DECEMBER 2003. IF YOU <br />NEED ANOTHER COPY PLEASE CONTACT MELISA LANCLOS. <br />