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Further Consideration of Acquisition Agreement, <br />Mutual Release and Joint Escrow Instructions <br />with Vinci Investment Co., Inc. <br />January 17, 2006 <br />Page 2 <br />Staff recommends that the Agency authorize payment in the amount of <br />$1,000,000 to Vinci Investment Co., Inc. due as a result of extraordinary <br />expenses incurred resulting from the Joher litigation and all other <br />disputes and claims against the Agency by Vinci Investment Co. Inc. <br />FISCAL IMPACT <br />Funds are available in the South Main Tax Allocation Bond Capital Project <br />account (account no. 552 - 936- 6611). <br />Executive Director <br />PCW /NE /mlr <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Ir MAmt I <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />H: \ACTIONS \2006 CRA \FurtherConsiderofAcquiAgree... Vinci 1- 17- 06.doc <br />5 -7 <br />