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a <br /> } <br /> L <br /> Paul rade a motion to forward to the Selectmen for approval and <br /> payment stone ' s payment requisition for 1 , 249 , 836t Merry sue <br /> seconded the motion. <br /> Discussion: <br /> Stone ' s original request was for $2 , 078 , 925 . <br /> After this payment, it leaves a balance due of $2 , 591 , 552 . Paul feels that <br /> we still have a. high level of balance + <br /> Steve questioned the balance . what is really remaining? <br /> Joel said they have backed out all of the fields work. There may be a <br /> value in the fields that can be salvaged . <br /> Steve wants to know how much work is really remaining <br /> Paul said the fields are one hundred thousand dollars at the most . <br /> The value of $2 . 6 mill.ion greatly exceeds the remedy work t <br /> The only things we will be .left with are the fields . The punchl..ist items <br /> are all minor, they don' t exceed $100 , 000 . <br /> The penalties, dealing with the delays , add up to no more than $700 , 000 .. <br /> If Stone were to leave today, that amount i s more than adequate to get the <br /> job done <br /> Peter said what we have is a. lack of will to get things done . He is <br /> concerned we will be chasing stone for years * <br /> Paul sa.i.d he will talk to town counsel about that . How can we guarantee we <br /> will get punchlist items done at a particular time . we don' t have to let <br /> it drag on for years . we then also have to deal with damages . <br /> Paul said the issue is , if Stone were to walk away from the job today, do <br /> any of the punthlist items effect operation of the building? No . <br /> What is the value of that worm that remains is the real question * He has <br /> had lengthy conversations with town counsel on this issue , <br /> Steve is not that comfortable with the remaining balance . For store ' s next <br /> payment request, he would 1 ike to see complete documentation of where we <br /> stand . <br /> Paul suggested he look at the requisition schedule <br /> Steve wants to see the remaining funds against the punchl ist at that time <br /> Jim said they will have to put a, dollar value on the punchl.lst items . <br /> Steve wants to see hard line figures for items because not everything is <br /> like the fields , where we have taken the value back. The Committee has not <br /> dealt with this in detail until now <br /> Paul said. `nom wren did give the committee a, detailed budget a, few weeks <br /> ago , including any potential back changes and potential. fees . <br /> Steve wants to see that refined. <br /> Joel discussed the retainage . once Stone has reached substantial <br /> completion, and when they complete punchl ist items , they can request <br /> payment for those items form the retainage . <br /> Peter said stone may complete the building but we won' t pay them for the <br /> fields until we have assurance they have grown. <br /> Joel has notified Stone that final acceptance of the fields may not occur <br /> with the building ., <br /> Peter asked if the $500 per da.y fine will continue until the fields are don <br /> e? <br /> 4 <br />