Loading...
HomeMy WebLinkAbout10358RESOLUTION NO. 10358 A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE CITY OF PUEBLO AND EXPRESS SCRIPTS, INC. RELATING TO A JOB CREATING CAPITAL IMPROVEMENT PROJECT, AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME AND AUTHORIZING THE TRANSFER OF $5.8 MILLION FROM THE 1992 -2006 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECT FUND THEREFOR WHEREAS, Pueblo Economic Development Corporation ( "PEDCO ") has presented to City Council a proposed job creating capital improvement project whereby Express Scripts, Inc. will locate a regional in -bound call center business and facility in the City of Pueblo ("Project"); and WHEREAS, Express Script, Inc. has committed to employ 500 full -time employees during a seven year period starting January 1, 2008, and WHEREAS, the Project and financial details thereof, were negotiated and approved by PEDCO, and WHEREAS, PEDCO has recommended to the City Council that the City Council approve the Project, Agreement and financial details relating thereto, and WHEREAS, based upon PEDCO's recommendation and representations made to the City by representatives of PEDCO with respect to the Project, City Council is willing to approve the Project, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The City Council finds and determines that the job creating capital improvement project with Express Scripts, Inc. described herein and in the attached Agreement between the City and Express Scripts, Inc. meets and complies with the criteria and standards established by Ordinance No. 6381 ( "Ordinance ") and will create employment opportunities justifying the expenditure of public funds. SECTION 2. The Agreement dated as of March 28, 2005 between the City of Pueblo and Express Scripts, Inc., a copy of which is attached hereto, having been approved as to form by the City Attorney, is hereby approved. The President of the City Council is authorized to execute and deliver the Agreement in the name of the City and the City Clerk is directed to affix the seal of the City thereto and attest same. SECTION 3. Funds in an amount of $5,800,000.00 are hereby authorized to be transferred, expended and made available to Express Scripts, Inc. out of the 1992 -2006 Sales and Use Tax Capital Improvement Projects Fund for the sole purpose of the job creating capital improvement project and in the manner described in the attached Agreement. The funds hereby authorized to be transferred and expended shall be released and paid by the Director of Finance to or for the benefit of Express Scripts, Inc. after receipt (i) by the City Clerk of the documents required to be filed pursuant to paragraph 2(b) of the Agreement and (ii) by the Director of Finance of written requests for payment required by paragraph 2(c) of the Agreement. -20- SECTION 4. The officers of the City are directed and authorized to perform any and all acts consistent with the intent of this Resolution and attached Agreement to effectuate the transactions described therein. SECTION 5. This Resolution shall become effective upon final approval and passage. INTRODUCED March 28, 2005 BY Michael Occhiato Councilperson APPROVED: PRESIDENT CITY CPWCIL ATTESTED BY: CITY CLERK -21- 10358 D 0 0 0 Background Paper for Proposed RESOLUTION AGENDA ITEM # �2 `4 A DATE: March 28, 2005 DEPARTMENT: Law Department TITLE A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE CITY OF PUEBLO AND EXPRESS SCRIPTS, INC. RELATING TO A JOB CREATING CAPITAL IMPROVEMENT PROJECT, AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME, AND AUTHORIZING THE TRANSFER OF $5.8 MILLION FROM THE 1992 -2006 SALES AND USE TAX CAPITAL IMPROVEMENT PROJECTS FUND THEREFOR ISSUE Should the City Council approve the job creating capital improvement project with respect to Express Scripts, Inc. and related Agreement? RECOMMENDATION None. BACKGROUND Express Scripts, Inc. ( "Company') will locate its regional in -bound call center business and facility in 75,000 square feet of space in the Sears building located at Midtown Center, Pueblo, Colorado. Company will occupy the facility under a 10 year lease with Midtown RLLLP. Company has committed to employ 500 full -time employees with an estimated annual payroll of $15,000,000 (including benefits) at the facility during a seven year period starting January 1, 2008. From commencement date of the lease to January 1, 2008, Company will use its best efforts in good faith to employ as many full -time employees as reasonably justified by the business operations. City will advance to Company $5.8 million out of the one -half cent sales and use tax job creating capital improvement fund for the acquisition of equipment generally described in Exhibit "A" to the Agreement. If Company fails to meet its employment commitment during the seven year period, Company will pay to City a pro rata share of City funds advanced to Company based upon the number of full -time employees actually employed by Company as follows: if the actual number of full -time employees is less that 425 in any calendar year during the seven year period, Company will pay to City an amount equal to $1,160 for each employee less than 425. This job creating capital improvement project and financial details as well as the Agreement and terms and provisions thereof were negotiated and approved by PEDCO. PEDCO recommends that the City Council approve this transaction, the Agreement and all related documents. FINANCIAL IMPACT See Background. -2- AGREEMENT THIS AGREEMENT entered into as of March 28, 2005 between Pueblo, a municipal corporation ( "City") and Express Scripts, Inc., a Delaware corporation ( "Company"). WHEREAS, Company has expressed a willingness to locate a regional in -bound call center business and facility within the City of Pueblo, and in furtherance thereof has through the Pueblo Economic Development Corporation made application for funds with City, and WHEREAS, City has approved such application and will make funds available to Company subject to and upon the terms and conditions of this Agreement. NOW, THEREFORE, in consideration of the foregoing recitals, the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, City and Company agree as follows: 1. All capitalized terms used in this Agreement shall have the following meanings unless otherwise defined herein: "Employment Commitment Date" means January 1, 2008. "Equipment" means business personal property generally described in attached Exhibit "A" to be acquired, installed, kept, maintained and used by Company after date of this Agreement in the Facility having an exhaustible useful life of more than three (3) years which can be determined or estimated with reasonable accuracy. "Equipment" does not mean computer software or computer software development costs. "Facility" means the approximately 75,000 square feet of building space in the former Sears store located in the Midtown Center, Pueblo, Colorado, wherein Company will conduct its business operations. "Full -Time Employee" means a person who actually performs work at the Facility for not less than thirty-two (32) hours per week whether employed by Company or by an outside entity acting as an agency to provide Full -Time Employees for Company. The term "Full -Time Employee" does not include independent contractors or employees of independent contractors except employees of an independent contractor acting as an agency to provide Full -Time Employees for Company to perform work at the Facility. "Lease" means an enforceable long -term lease of the Facility between Company, as tenant, and Midtown RLLLP, as landlord, for a term not less than 10 years. "Monthly Employees" means the average daily number of Full -Time Employees employed by the Company at the Project for each week of the calendar month in question, divided by the number of weeks in such calendar month, with partial weeks to be prorated. "Annual Employees" means the sum of the cumulative number of Monthly Employees employed by the Company at the Project during each calendar year, divided by the number of months the Company was in operation during said calendar year. 2. City will advance to or for the benefit of Company funds in an amount not to exceed $5,800,000.00 (the "City Funds "), subject to and contingent upon the following conditions and covenants which Company agrees to perform and comply with: (a) Company shall use the City Funds solely for the acquisition of Equipment by Company at fair market value from a reputable vendor in an arms length transaction. Company will give to City a prior perfected security interest (the "Security Interest ") in all Equipment purchased with the City Funds to secure Company's obligations under this Agreement. (b) Company shall file in the office of the City Clerk copies of the following: (i) Company's certificate or other evidence of authority to transact business in the State of Colorado issued by the Colorado Secretary of State, (ii) certified copy of the resolution of the governing board of Company approving this Agreement, and authorizing its officers to execute and deliver this Agreement in the name of Company, and (iii) executed copy of a memorandum of lease or short-form of lease confirming execution of the Lease. The date of the last to occur of the filings required under (i), (ii) and (iii) of this Paragraph 2(b) shall be referred to herein as "Closing." If Closing does not occur on or before July 1, 2005, or such later date as Company and City shall mutually agree, City, at its sole option, may terminate this Agreement and City and Company shall thereafter be released and discharged from all obligations hereunder. (c) At any time after the execution of this Agreement, Company shall file with City's Director of Finance one or more written request(s) for payment certified to be true and correct by an officer of Company that the amounts included in the request for payment have not been included in any prior request for payment and are for the actual cost of Equipment, identifying the Equipment for which payment is sought, including invoices therefor and certificates of delivery and installation in the Facility, together with documentation, reasonably satisfactory to City, establishing that such Equipment has an exhaustible useful life of three (3) or more years. All disbursements of City Funds shall be made not more than twenty (20) days after submission of the foregoing certification(s) and documentation to City. All City Funds received by Company shall be deposited in a separate account and held in trust by Company for the sole and only purpose of paying for the purchase of Equipment. 3. (a) Company acknowledges and agrees that the primary purpose of City in entering into this Agreement and the sole benefit to City for making City Funds available to Company hereunder is the creation of jobs. Therefore, Company represents, covenants, and agrees that it will after commencement date of the Lease employ Full -Time Employees at the Facility as follows: (i) during the period from commencement date of the Lease to the Employment Commitment Date, Company shall use its best efforts in good faith to employ as many Full -Time Employees as reasonably justified by its business operations, and (ii) on and after the Employment Commitment Date through the end of the Repayment Period described in 5(a) below, Company shall employ not less than Five Hundred (500) Full -Time Employees at the Facility (the "Employment Commitment ") with an estimated annual payroll of $15,000,000.00 including benefits. (b) City represents and warrants to Company that the City Funds (i) are presently available and on deposit for account of City; (ii) have been dedicated to fulfill City's obligations under the Agreement and shall not be used for any other purpose; and (iii) shall be available for full disbursement to Company in 2005 in one or more installments. (c) City covenants and agrees that, provided Company has fulfilled all requirements of the Repayment Obligation described in Paragraph 5 below, if any, City shall promptly release the Security Interest upon expiration of the Repayment Period described in Paragraph 5(a) below. 4. (a) Company shall have the right from time to time, without any release from or consent by City, to sell, replace or otherwise dispose of any item of the Equipment that may have become obsolete or unfit for use or no longer useful, necessary or profitable. At the written request of Company, City shall promptly release the Security Interest with respect to all disposed of Equipment. Company shall not be required to replace such disposed of Equipment unless the fair market value of the remaining Equipment subject to the Security Interest is less than Company's remaining Repayment Obligation (as prorated over the term of the Repayment Period) in which event Company shall supplement the Security Interest to include any replacement Equipment or other collateral such that the cumulative value of the Equipment, replacement Equipment and such other collateral is equal to or greater than the prorated amount of the remaining Repayment Obligation. (b) Company may, at its own expense, install at the Facility personal property or trade fixtures other than the Equipment subject to the Security Interest. Any such personal property or trade fixtures which are installed at Company's expense, shall be and remain the property of Company and may be removed by Company at any time. If any of the foregoing personal property or fixtures are leased by Company or Company shall have granted a security interest in such property in connection with the acquisition thereof by Company, then (i) City hereby disclaims, waives and releases any and all rights available to City to lien, distrain or attach such personal property or fixtures; and (ii) in order to facilitate the any leasehold financing required by Company, City agrees to execute and deliver to Company and Company's lender, from time to time, a "waiver and consent" confirming the forgoing. 5. Notwithstanding anything contained in this Agreement to the contrary, if Company shall for any reason fail to meet Employment Commitment set forth in Paragraph 3, Company shall repay to City a pro -rata share of the City Funds advanced by City under Paragraph 2 hereof based upon the number of Full -Time Employees employed by Company at 3 the Facility (the "Repayment Obligation "), as follows: (a) During the seven (7) year period starting on the Employment Commitment Date and ending December 31, 2014 (the "Repayment Period ") Company shall pay to City an amount each calendar year equal to Annual Employees less than 425 employed during such calendar year at the Facility by Company multiplied by $1,160.00 (the "Company's Annual Payments "). For example, if during the calendar year 2008, Annual Employees are 400, the amount payable to City on or before the 15th day of February 2009 would be (425 -400) x $1 = $29,000.00. (b) Company's Annual Payments, if any, shall be paid to City without notice, demand, deduction or setoff on or before the fifteenth (15th) day of February of the year following each calendar year of the Repayment Period at the office of the Director of Finance of City, 1 City Hall Place, Pueblo, Colorado, 81003, or such other person or location as City may designate. All past due Company's Annual Payments shall bear interest at the rate of eight (8) percent per annum (the "Default Rate ") until paid. (c) On or before February 15 of each calendar year starting February 15, 2006 and ending February 15, 2015, the Company will submit to City's Director of Finance Company's statements showing the Annual Employees for the preceding calendar year, their aggregate salaries, and the basis upon which Annual Employees and Company's Annual Payment, if any, were computed certified by an officer of the Company to be true and correct. Upon receipt of written request from City, Company will provide City with payroll records and other supporting documentation to support the foregoing certification. Notwithstanding the foregoing, Company shall not be required to provide any information subject to the privacy rights of its employees or information subsumed by Company's trade secrets or proprietary information. City covenants and agrees to treat all documents provided by Company, except the number of Annual Employees reported to City, as confidential and shall not disclose same (except pursuant to a subpoena or court order) to any party other than those City employees who have a need to know such information. (d) Notwithstanding anything herein to the contrary, if Company defaults in its Repayment Obligation and such default is not cured within ninety (90) days after written notice specifying the default is given by City to Company, then in such event, City may declare the entire balance of Company's Repayment Obligation due and owing together with interest thereon from the date of default at the Default Rate, and for such purpose, the entire balance of Company's Repayment Obligation shall be an amount equal to 425 times $1,160 multiplied by the remaining calendar years or prorated portion of a calendar year of the Repayment Period plus the amount of Company's unpaid Annual Payments, if any. Company's Repayment Obligation is absolute and unconditional and shall not be abated, reduced, diminished, modified, withheld or otherwise offset for any cause or reason whatsoever. (e) Except as otherwise provided in Paragraph 9 hereof, damages awarded to 4 City for any breach of this Agreement by Company shall not exceed the amount of Company's Repayment Obligation (as the same may be accelerated under Paragraph 5(d) above plus interest at the Default Rate; provided however, Company's Repayment Obligation shall be reduced by $493,000.00 for each calendar year during the Repayment Period Company meets its Repayment Obligation by either (i) employing 425 Annual Employees at the Facility, or (ii) paying Company's Annual Payment for such calendar year. 6. Company's Repayment Obligation contained in Paragraph 5 shall be deemed to be a debt of Company payable to City until Company performs and discharges its obligations hereunder including its Repayment Obligation. 7. (a) Prior to instituting any proceeding to enforce Company's Repayment Obligation under Paragraph 5, City shall notify Company in writing of its intention to institute such proceedings. Company may request relief from its Repayment Obligation by delivering to City within thirty (30) days after date of City's notice, Company's written request for relief specifying the grounds upon which such relief is sought together with documents supporting said grounds. When considering any such request for relief by Company, City shall favorably consider excusing Company from any failure to meet the Employment Commitment when such failure is occasioned by causes beyond Company's control, including, but not limited to, work stoppages, boycotts, slowdowns or strikes; shortages of materials equipment, labor or energy; unusual weather or climate conditions; acts of terrorism; or acts or omissions of governmental or political bodies. Within ninety (90) days after receipt of Company's request, City will schedule a meeting with the City Council at which Company, may appear. City will notify Company of the time and place of the meeting. Failure of Company to timely deliver its complete written request for relief and grounds therefor or to appear at the scheduled meeting with the City Council shall entitle City to immediately institute proceedings to enforce Company's Repayment Obligation. (b) City Council may or may not, in its sole and absolute discretion, relieve Company, in whole or in part, from Company's Repayment Obligation. Any action taken by the City Council relating to a request for relief shall be final and binding on Company, and shall not be subject to judicial review. Any such action by City Council is, and shall constitute, a legislative measure. Nothing contained in this Paragraph 6 shall grant or be construed to grant to Company any right or claim to relief from its Repayment Obligation or hearing with respect thereto. (c) No delay by City in scheduling a meeting, or failure by City to exercise its right to enforce this Agreement, including Company's Repayment Obligation, and no partial or single exercise of that right, shall constitute a waiver of that right. 8. If City defaults in the performance of its obligations under this Agreement, or in the event of any material misrepresentation or breach of warranty by City, then Company shall have the right to specifically enforce City's obligations under this Agreement. F1 9. In the event of any litigation arising under this Agreement, the court shall award to, and the prevailing party shall recover its costs together with all internal and out -of- pocket expenses of any kind relating to the litigation including, but not limited to, reasonable attorney fees. Venue for any such litigation shall be Pueblo County, Colorado. All such litigation shall be filed in the District Court, County of Pueblo, State of Colorado and each party submits to the jurisdiction of such District Court. To the extent allowed by law, each party waives its right to a jury trial. 10. This Agreement expresses the entire understanding of the parties and supersedes and abrogates any and all prior dealings and commitments, whether oral or written, with respect to the subject matter of this Agreement and may not be amended or modified except in writing signed by City and Company. Any waiver of any provision of this Agreement must be in writing and signed by the party whose rights are being waived. No waiver of any breach of any provision hereof shall be or be deemed to be a waiver of any preceding or subsequent breach of the same or any other provision of this Agreement. The failure of either party to enforce or seek enforcement of the terms of this Agreement following any breach shall not be construed as a waiver of such breach. 11. This Agreement shall be construed in accordance with and be governed by the laws of the State of Colorado without regard to conflict of law principles. 12. Any notices hereunder shall be sufficiently given if given in writing personally or mailed by registered or certified mail, postage prepaid, addressed: (a) if to City, City Manager, City of Pueblo, 1 City Hall Place, Pueblo, Colorado, 81003, with copy to Thomas E. Jagger, City Attorney, 503 N. Main Street, Suite 127, Pueblo, Colorado, 81003, or (b) if to the Company: (i) Express Scripts, Inc., 13900 Riverport Drive, Maryland Heights, Missouri, 63043, Attn: Tom Boudreau, Sr. Vice President and General Counsel; and (ii) Express Scripts, Inc., 6625 W. 78' Street, BLO110, P.O. Box 390842, Bloomington, Minnesota 55439, Attn. Tom Rocheford, Vice President or to such other person or address as either party shall specify in written notice given to the other party pursuant to the provisions of this Paragraph 11. Notices shall be effective (i) upon receipt if delivered personally; (ii) one (1) business day after deposit with a reputable overnight courier; or (iii) four (4) business days after deposit in the mails if mailed. 13. Time is of the essence hereof. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns. Company may not assign this Agreement or any interest herein without the express written consent of City, which consent shall not be arbitrarily withheld, conditioned or delayed. Notwithstanding the foregoing, upon reasonable prior notice to City, Company shall have the right to assign this Agreement to any entity which controls Company, is under common control with Company or any successor entity into which or with Company is merged or consolidated or which acquires all of Company's assets. Any assignment or attempted assignment of this Agreement by Company without such consent shall be null and void. 14. The persons signing this Agreement in the name of and on behalf of City and Company represent and warrant that they, City and Company have the requisite power and authority to enter into, execute, and deliver this Agreement, and that this Agreement is a valid and legally binding obligation of City and Company enforceable against City and Company in accordance with its terms. 15. Company represents and warrants that, except for commissions payable to real estate brokers, no person, entity, or organization has been employed or retained or will receive or be paid, directly or indirectly, any commission, percentage, contingent fee or any other remuneration payment or receipt of which is contingent solely upon approval of this Agreement or City's advancement of City Funds to Company hereunder. For breach or violation of this warranty, City shall have the right to recover the full amount of such commission, percentage, contingent fee or other remuneration, or to seek such other remedies legally available to City, which remedies shall be cumulative. 16. Other than payment by City of the City Funds plus interest at the Default Rate, in no event shall City, its officers, agents or employees be liable to Company for damages, including without limitation, compensatory, punitive, indirect, special or consequential damages, resulting from or arising out of or related to this Agreement or the performance or breach thereof by City or the failure or delay of City in the performance of any covenant or provision under this Agreement on its part to be performed. In consideration of City entering into this Agreement, Company hereby waives and discharges City, its officers, agents and employees from all claims for any and all such damages. No breach, default, delay or failure of City under this Agreement shall be or be construed to be a waiver, discharge or release of Company's Repayment Obligation under Paragraph 5 hereof with respect to the amount of City Funds actually advanced or paid by City to or for the benefit of Company pursuant to Paragraph 2 hereof. 17. If any provision of this Agreement is declared by a court of competent jurisdiction to be invalid or unenforceable, such determination shall not affect the other provisions of this Agreement which shall remain in full force and effect. 18. Neither party shall be, or hold itself out as, agent of the other or as joint ventures 7 under this Agreement. 19. Each party acknowledges that this Agreement was fully negotiated by the parties and, therefore, no provision of this Agreement shall be interpreted against any party because such party or its legal representative drafted such provision. 20. The provisions of this Agreement are for the exclusive benefit of the parties hereto and their successors and permitted assigns, and no third party shall be a beneficiary, or have any rights by virtue of, this Agreement. 21. This Agreement may be executed in any number of counterparts, and each such counterpart shall be deemed for all purposes to be an original, and all such counterparts shall together constitute but one and the same original. [Signatures appear on next page.] 8 SIGNATURE PAGE FOR AGREEMENT Executed at Pueblo, Colorado, the day and year first above written. [SEAL] Attest: City k Pue lo, a Municipal C rpo a ' 7 n -. B esident of th City Cou i Express Scripts, Inc. [SEAL n � — Attest: Name: — D .4v o u4 • as Rt Title: T L. ►5 lrr By T Name: D.4v4v Title: Ctoids 0v"04npt.- p9X;LCf. �R a ` ' 0 4L V W STATE OF COLORADO ss. COUNTY OF PUEBLO ) The foregoing instrument was acknowledged before me this � day of 2005 by Robert D. Schilling, Jr. as President of the City Council, and Gina Dutcher as City Clerk of Pueblo, a municipal corporation. Witness my hand and official seal. My commission expires: &A A(0 07. [SEAL] � C : 0 =ic STATE OF ss. COUNTY OF ) The foregoing instrument was ac cnowledged before me this day of 2005 by as and as of Express Scripts, Inc. Witness my hand and official seal. My commission expires: [SEAL] [Jauc OTA IRY � B. Moms, Notary Public N *ki . Louis County, State of Missouri y Commission Expires 513112005 w Nr Public Ito] EXHIBIT A DESCRIPTION OF EQUIPMENT NOTE: The following is a general description of the Equipment that Company anticipates will be installed at the Facility. City and Company acknowledge and agree that the plans and specifications for the Facility have not yet been completed. As such, at the time the Facility is completed, the actual value and type of the Equipment actually installed at the Facility may vary from the description set forth below. Notwithstanding the foregoing, the initial cumulative value of the Equipment shall not be less than $5,800,000. SUMMARY OF EQUIPMENT 11 SE= ttern Destripftn EsBmatad cost Equlpnw Raised flooring, cabinetry. Gant , HVAC, Sours Masking, 2,613,000 Furniture Equipment WaAcstotibns, Training Rooms, Lookers, Artwork, Surge. Projectors $ 1,917,000 Info Syshmm Equlpm nt Network Equonwit, SerwHxdware. T41cm Hardware $ 2,177,000 TOTAL S 6 11 CONTACT CENTER EQUIPMENT 12 SECC SCOPE OF WORK krdudea ENirrlsMd GeneratodUPS Generator - 750 We. UPS . 225 We ; 300,000 R t 9, vwd bw mW air conditbrwi9 equipment, controls. MeahanlcaUHYAC Indoor air qusffi exhaust $ 693.000 Ca sework Modular casework, cabineay, ccasNtertops 84.000 Extblior Windows SkyW to and other exterior windows to be added ; 50,000 Date/phone cabling. C�ttfication, ladder racks, punch down DIU CaMinp blocks, ate ; 539.000 Sound Masking Svatem for sound a ; 40 Access Raised Flow skims Access floor m (Including; ConVoter Room ; T26 000 Foldina portlborts For Community Training Room ; 60,00D that secure the exterior and 'Interior of the building ; 120 TO TAL ; 2,813,1100 12 13 INFORMATION SYSTEMS EQUIPMENT FURNITURE EQUIPMENT 14 SECC Description Estimated Cost i isrman NNer WorkstatiCNls side and ouiaide Cali Gtr} $ 833.000.00 Herman Miller M-Wall (Mannwoflice wak in Cat Ctr $ $4.000.00 Frses#and Fumlture . Boise (offices, Community Rm. Con $ 266.00D-00 Task Conference, Training SelatIN $ 268,000.00 Training Room Furniture $ 79 .w LCD Projectull $ 90,O00.00 LoOMM $ 33 000.00 Patio Furniture $ 7,000.00 E i snt ref ' . micrcwev", ice makers $ 20000.00 Facilities Maintenance Equipment $ 15.000.00 Murals $ 15,000.OD rk eneral $ 50,000.00 nags (interior and exterior $ 15,000-00 Total Furniture: $ 1,742,000.00 inchmYng +10% prioe Increase fsctor 3 1,917,000.00 14