Lea, It is for the transformers between Artist Way and Addison Road. Thanks, Clay Barnett, P.E. Town Engineer Town of Addison 16801 Westgrove Drive Addison, TX 75001-2818 Office: (972) 450-2857 -----Original Message----- From: Lea Dunn Sent: Thursday, January 28, 2010 11:21 AM To: Clay Barnett Cc: Carmen Moran; Nancy Cline; Randy Moravec; Ron Whitehead; Chris Terry Subject: RE: Addison Road and Brookhaven Club Drive street money Thanks, Clay. Are those transformer’s related to the Addison Rd. project or Brookhaven Club? Lea Lea Dunn Deputy City Manager 972-450-7037 ldunn@addisontx.gov -----Original Message----- From: Clay Barnett Sent: Thursday, January 28, 2010 11:20 AM To: Lea Dunn Cc: Carmen Moran; Nancy Cline; Randy Moravec Subject: RE: Addison Road and Brookhaven Club Drive street money Lea, Nancy reminded me that we will need to relocate the transformers that are there. Oncor gave us a proposal for $216,000 for this work. Thanks, Clay Barnett, P.E. Town Engineer Town of Addison 16801 Westgrove Drive Addison, TX 75001-2818 Office: (972) 450-2857 -----Original Message----- From: Clay Barnett Sent: Wednesday, January 27, 2010 4:35 PM To: Lea Dunn Cc: Carmen Moran; Nancy Cline; Randy Moravec Subject: RE: Addison Road and Brookhaven Club Drive street money Lea, Attached is a cost estimate prepared by Dave Meyers for the construction of the road between Artist Way and Addison Road. If you have any questions, please let me know. Clay Barnett, P.E. Town Engineer Town of Addison 16801 Westgrove Drive Addison, TX 75001-2818 Office: (972) 450-2857 -----Original Message----- From: Randy Moravec Sent: Wednesday, January 27, 2010 3:11 PM To: Lea Dunn Cc: Carmen Moran; Nancy Cline; Clay Barnett Subject: RE: Addison Road and Brookhaven Club Drive street money Lea, As you are aware, the 2008 issuance of certificates of obligation included $6 million for street right-of-way acquisition. That number was based on allocating $3 million for acquiring property on Addison Road for the eventual construction of a street into the Addison Circle development and $3 million for the acquisition of property to modify the Spring Valley / Brookhaven intersection. Through 12/31/09, $645,946 has been spent on the Addison Road property acquisition (including demolition of existing structure). We have spent $8,732 in legal fees associated with acquisition of the Spring Valley / Brookhaven right-of-way. So, there is $5,345,282 remaining in this category of funding. We have also generated interest income from the invested bond proceeds. Through 12/31/09, this amount totals $906,856, and is currently unallocated. Please let me know if you require additional information or have any questions related to this matter. Randy -----Original Message----- From: Lea Dunn Sent: Tuesday, January 26, 2010 3:12 PM To: Randy Moravec Subject: FW: Addison Road and Brookhaven Club Drive street money Randy: I need to visit with you about this tomorrow. Specifically I need to know how much is remaining from the Addison Rd. project. Thanks, Lea Lea Dunn Deputy City Manager 972-450-7037 ldunn@addisontx.gov -----Original Message----- From: Carmen Moran Sent: Thursday, January 21, 2010 5:21 PM To: Randy Moravec Cc: Lea Dunn; Nancy Cline; Clay Barnett Subject: Addison Road and Brookhaven Club Drive street money Randy, As you recall, we sold COs for: 1. Vitruvian infrastructure, 2. the property acquisition of the two tracts on Addison Road, and 3. the property acquisition for the tract at Spring Valley Road and Brookhaven Club Drive. We ended up spending less than we anticipated on the Addison Road, and even with the demolition of the two buildings, we have money left there. We were going to use it to build a street through the two tracts, and we put money in for the street, but we are stalled on that and have no immediate need for the street. If we were to sell the land to a developer, we could require him/her to build the street. We are in the process of acquiring the property at Spring Valley and Brookhaven, and we find that the reconstruction of the intersection there is going to cost around 2 million dollars. We have 3 million allocated to purchase the property, and don’t know how much of that will have to go for acquisition. Our question is, was the wording on the sale of the COs general enough to allow us to take the money left over from Addison Road and use it to reconstruct the intersection at Spring Valley? Carmen Moran Director of Development Services Town of Addison P.O. Box 9010 Addison, TX 75001 Ph: 972-450-2886 Fax: 972-450-2837 Email: cmoran@addisontx.gov