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13085 SEAWAY ROAD / GULFPORT, MS 39503 • 228-276-1000/ FAX 228-276-1001
Mr. Marlin Ladner
President of Harrison County Board of Supervisors
P.O. Drawer CC
Gulfport, MS 39502
RE: Trinity Yachts, LLC CDBG Covered Slip Bid Overage ­
Proposed Payment Plan, Project No. R-103-024-02-KED
Mr. Ladner,
File No. 07-09- 01 COBG
Page 1 of 1
July 17, 2009
Trinity Yachts would like to take this opportunity to thank the Harrison County
Board of Supervisors for approving the recent construction of our CDBG Covered
Slip Project. Trinity is already reaping the benefits from both of these slips by
enabling our projects to be moved in the water earlier, working our projects more
efficiently and protecting them from the weather till delivery.
As of today, Trinity has invested over $23 million dollars in the Gulfport facility
including but not limited to a new corporate office, two new fabrication buildings,
a 3,325 LT Capacity Syncrolift Launching system, two new overhead cranes
servicing the newly constructed covered slips, one 500 ton travel-lift with
.Iaunching system and much more equipment. Along with this private investment
Trinity has hired 435 employees since the inception of this grant. One hundred
and eighty~seven (187) of which are low to moderate income families and we are
continuing to grow as new work is awarded.
On a letter dated September 22,2008, Trinity acknowledged the fact that the low
bidder exceeded our allotted budget as granted from your office. Furthermore,
Trinity informed you that we would fund the difference as part of our private
investment contribution or de-scope the project to get within the budget
allowance.
We recently received a letter dated July 2,2009 from Jimmy G. Gouras office
requesting payment to your office in the amount of $309,744.12 for the overage
on pay application #7 and #8 from Continental Construction. For Cashflow
purposes and based on the current economy Trinity would like to propose a