BY COUNCILOR STOVER:
RESOLVED, that Resolution No. 06-0204 is hereby amended by increasing the amount to be paid to the Soo Line Railroad Company, doing business as the Canadian Pacific Railway, for the purchase of property on Rice’s Point for the construction of Helberg Drive to the amount of $83,809.60, payable from the Fund 411, Organization 035, Object 5530, Project PI0103TR.
STATEMENT OF PURPOSE: The purpose of this resolution is to correct an error in the price stated in Resolution No. 06-0204, increasing it from $71,445.60 to $83,809.60.
The original contract price was based on an estimate of the size of the parcel. The size was later determined by survey and legal research to include more property which raised the total cost to the city. The cost per square foot remained the same.