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lit .. , David Kaye July 13, 1994 Page 2 . to negotiate a cooperative agreement with the UPRR; . to negotiate a cooperative agreement with Weld County for the construction of Perry Street Bridge; . to complete final design under the conditions of the 1981 feasibility study; and . to secure right-of-way agreements. After the completion of the final design and cost estimate, it was discovered that the 1994 costs were substantially greater than ones in the 1981 feasibility report. In checking construction cost indices from the Engineering News Record, it was discovered that a sixty percent increase in the costs had occurred. Due to the increase in the project cost, the town had to seek additional project funding to bring the project to fruition. The town made an official request to the Board at its January 20,1994 Broad meeting for additional project funding. After much detailed discussion by the Board, a resolution was introduced by CWCB Member, David Harrison, to approved the request for additional funding. The Board unanimously approved the resolution. Ouestion NO.2 Why did it take so long for the contract to reach my desk for review? Answer NO.1: This has truly been a contract from HELL! Answer No.2: In preparing the contract amendment, a number of interesting turns and requirements surfaced during its preparation. These actions included: . obtaining compliance with provisions of . securing additional annual town revenues loan; . contract documents for weeks at time; . lack of staff time Amendment No.1; as security for the CWCB lost in and to push the A.G.'s office and DNR accounting the contract through the system. David, I hope this accounting gives you some appreciation of the effort that has gone into this project. I have personally been working on this project from DAY 1 and looking forward to its END! cc: Chuck Lile, Director b:eriecont.amd 1