1999-0921_BOYS & GIRLS CLUBS OF CAPISTRANO VALLEY_Contractor Transmittal Memo "'r► _ SEP 2 1 1999
F RI ES S PROJECT MANAGEMENT
Lie.706656 GENERAL CONTRACTING
COMPANY BUILDERS, INC.
MEMORANDUM
Date: September 21, 1999
To: John Shaw, City Attorney
City of San Juan Capistrano
From: Ken Friess
Re: Request for relief from bond requirement Boys and Girls Club Youth Facility lease.
Confirmation of funding.
Enclosed please find a letter and back up documents from Anne Didion, the bookkeeping firm
that audits the organization's bank accounts.
Currently the Boys and Girls Club of Capistrano Valley has $566,700.41 in three accounts as
noted by Anne. We have already distributed$228,437.74 for completed construction work.
We also have the $500,000 HUD Grant that will become available in October and approximately
$600,000 in pledges that will be paid during the next 12 months. In addition there is a$1.3
million construction loan available for bridge financing from American Sterling Bank.
To date all grading, underground utilities, foundation and pads have been completed. Wall
framing is starting this week.
I am also including a copy of the project budget for the council's consideration.
Thank you for your support on this matter.
FOR CRY COUNCIL AG .... H
a/2J /
31658 Rancho Viejo Road, Ste. B, San Juan Capistrano, CA 92675
Tel (949) 487-9700 Fax (949)248-8433 www.friessco.com