Friday, May 4, 2012

Another hurdle...

On Mon, Apr 30, 2012 at 12:18 PM, Dan Steurer wrote:
I just met with Barco Excavation this morning at the site to review the latest changes to the design.  They will need to cross the corner of the restaurant parking lot property with the trucks to
build the berm.  The city is requiring the property owner sign an easement.  If he refuses to sign the easement for truck access and the install drainage system I don't know what our options are.  His parking lot is already destroyed because the storm water from the hill has been sheet flowing
across the asphalt for years.  With the new drainage system, his parking asphalt will have a much longer life expectancy once repaired. 

The free dirt at Monster Storage is quickly disappearing and if we need to pull dirt from elsewhere it will cost more.  I'm getting a bid for the storm drainage system ... just sent a bill for another $2K for the cost of the engineer who designed it.  I will then revise the construction budget and determine the latest total cost estimates to make sure we have enough money committed.

 I think only the following items must be accomplished to get started:
1.  Signed easement from the restaurant owner (and his financial participation agreement)
2.  Signed cost sharing and budget/escrow agreement by all parties... draft agreements have been sent.
3.  All parties must deposit money into escrow account prior to construction.    If we don't have the signatures and money, then the deal may fall apart.

I haven't given up, but I didn't count on the long legal delays and short-sightedness of certain property owners.  This has been a very frustrating week...we're so close.    We'll know what happens in the next couple of weeks.

No comments:

Post a Comment