From: 	Barbara Barhydt
To:	DiPierro, Philip
Date: 	7/16/2010 11:57 AM
Subject: 	Re: Farragut Street Completion

Hi Phil:
 
I mentioned this to Penny and I thought she said once we call it, then we do not process a refund.  It will be interesting to see the accounting on this, but before we share any numbers with the applicant we need to double check with Penny.  I remember her initial comment was that the money we got probably did not cover all the costs.  
 
Thanks. 
 
Barbara

>>> Philip DiPierro Friday, July 16, 2010 11:32 AM >>>
Hi Betsy, I've been asked to look into the status of the funds relating to a performance guarantee that was called on October 12, 2006 for work that the developer failed to complete on the Farragut Street extension project. After the PG was called the City deposited the money into Account #710-0000-233.91-01. I have attached a copy of the City's PG form for your reference.
 
The developer has contacted me to find out how much, if any, was spent to complete the project. Could you please tell me if the City spent any money to complete the project, and if so, how much? The developer would like any remaining funds to be returned.
 
This is a project that was approved and constructed before I started working for the City, and was being handled by Todd Merkle and Jay Reynolds, neither of whom work for the City anymore. Any help or guidance you could give me would be much appreciated.
 
Thanks.

 
 
Philip DiPierro
Development Review Coordinator
City of Portland Planning Division
389 Congress Street
Portland, Maine 04101

Phone 207 874-8632
Fax 207 756-8258