The Plymouth Redevelopment Commission members learned this week that paperwork to narrow down the guaranteed maximum price for the Aquatics Center is being finalized. The price for the Early Childhood Learning Center is already determined. The price has been agreed upon to properly close out the paperwork concerning the new market tax credits paperwork.
Marshall County Economic Development Corporation President and CEO Jerry Chavez told the commission members that he will review the paperwork once more before he signs off on them to make sure they’re in order.
With the completion of this paperwork, officials can look forward to a groundbreaking ceremony in early July with workers pushing dirt later in the month.
Additionally, City Attorney Sean Surrisi said part of the process to meet the budget was deferring the utility system development tap fees until the conclusion of the project. Surrisi made that request of the commission members Tuesday night.
“We have a five percent contingency of the overall budget in both of the Aquatics Center and the Early Childhood Learning Center projects that should there not be any catastrophic problems when we start digging into the ground the funding should be there from those amounts to cover those at some point near the end of the project. In order to keep that level of contingency that’s required for the new market tax credits, we’d like to keep those fees out of the budget at this point. If there were some kind of shortfall from those contingencies, then we’re asking if the Redevelopment Commission would commit to that.”
The Plymouth City Council members will consider the same request during their meeting Monday night.
Surrisi said there will be about $400,000 in contingency funds with the tap fees coming in at nearly $91,000. Surrisi noted that he is confident that the commission won’t need to pick up the shortfall cost, but asked them to consider covering the cost just in case.
After much discussion about what kind of balance of funds the Redevelopment Commission will have to work with with all of the projects the city is undertaking, the request passed with a unanimous vote.
