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Staff outlines invoices, milestone payments and developer payments totaling about $132 million to date
Summary
Project staff said BNSF has submitted many invoices, Series A 80% milestone payments are being processed, previous statements of principles covered $20 million and developer change requests total about $7 million; staff reported around $132 million paid to the developer by year‑end.
Project staff provided an overview of contractor invoices and milestone payments. Paul said BNSF "has submitted and we have processed 142 invoices from them," and described that the project is processing Series A invoices that correspond to 80% payments enabling continued work. He also cited prior statement(s) of principles ($20,000,000) and developer change requests of approximately $7,000,000, and summarized a year‑end cumulative payment figure to the developer of about $132,000,000.
Numbers and notes: Transcript figures for some invoice totals are not entirely clear in the audio transcript; Paul reported the 142 invoices and multiple grouped payment categories. Staff said the Series A 80% payments were structured to allow continued progress and that some invoices are being passed through to the developer per third‑party agreements.
Board action: Finance committee presented bills of $1,257,444.35 for approval; the committee's finance report and related consent items were moved, seconded and approved by voice vote during the meeting.
