1. OUC Buy-out agreement update:

As directed, we reached out to OUC to discuss the buyout of lease agreements 5 and 6.  Mr. Seabrook at OUC stated that this is feasible and is preparing a spreadsheet with the amounts of the buyout.

Of course, the amounts are driven by the timing of the buyout.  Mr. Seabrook suggested a potential July 1, 2016 buyout date, but I indicated that it would first be necessary to wait until the Harmony CDD Board met and discussed the best timing.

The "References" below are some documents we sent to OUC per OUC’s request.  These documents include both the underlying lease agreements for loans 5 and 6 (provided to us by the District Manager) and the two DRAFT amendments to the agreements.

 

2. Contract talks with Davey:

We have moved forward as directed in this regard and will give a full report during the meeting.

• Phase A1 Street Lighting Agreement
• Phase A1 Street Lighting Amendment - DRAFT
• Phase 2 Roadway Lighting Agreement
• Phase 2 Roadway Lighting Amendment - DRAFT