Development Agreement Amendment re Pool Improvements - Beach

This is a portion of the backup material for another item under New Business. This is on the City Commission's agenda for the 2/5 meeting. It relates to amending the development agreement with Greater Bay to reflect the timing of the pool project, the amount allocated for pool improvements and a release of a default on the part of Greater Bay if the work is not finished by April 30, 2008. That is the deadline of the State grant in the amount of $200,000. If work is not finished by that time, according to the requirements of the grant program, these funds will be taken back. There is no provision here for reimbursement of funds on the part of the developer.


The following two page letter is from Greater Bay. I was on the phone with Peter Willard two days ago and he read the letter to me. They are confident they can get the work done in time - that is, before the expiration date of the grant.


The following is a revised scope of work summary, identification of responsibilities and a description of the work to be performed:


This is the revised budget for the pool improvements. The amount over the $400,000 would be the responsibility of the City.

Fort the rest of the back-up material, click here to be taken to the City's website. There you will find the entire 49 pages worth of back-up material on this item.