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11/19/2006 9:36:01 AM
 
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Section 5: OPA Board Subject: Community Center Contract Msg# 390869
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hi tony, bill z "estimated" the cost of being a little over $2 million. since reserves are low (do you know how much we have in our depleted reserve funds?) could that be used for any loss that we might incur in case it does go to a second referendum? i wouldn't like it if the project were abandoned. i'd just like for it to be scaled down from what we have on the board now. i can't believe those properties have not been sold yet and any speculation as to what we can get for those properties is speculation. -aurore |
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For reference, the above message is a reply to a message where: Because we have signed contracts with vendors. We just can't walk away without paying for any costs expended by the vendor plus their lost profit, etc. Bill Z posted a very good estimate of the costs at mid-February, which is the estimated time of a referendum count. He estimated such at a little over $2 million. Do you really think we should abandon the project after spending $2 million. |
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