HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID:
Date: 6/14/10 Requesting Department: CIP
Law Department
Matter ID No.
09-340.004
Commission Meeting Date: 6/24/10 District(s) Impacted: Ell ❑2 ®3 ❑4 ❑5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other_
Subject: Resolution to approve Amendment No. 4 to the Construction Manager at Risk Agreement with Suffolk
Construction Company, Inc. for the Stadium Site Parking Project, B-30648.
Purpose of Item:
To authorize the City Manager to execute Amendment No. 4 to the Construction Manager at Risk Agreement with Suffolk
Construction Company, Inc. (Suffolk), for the Stadium Site Parking Project, increasing the authorized expenditures in the
limited Notice to Proceed prior to the sale of the Special Obligation Parking Revenue Bonds (Bonds), by $20,000,000,
from an original $3,000,000, to a total not to exceed amount of $23,000,000 of the approved Guaranteed Maximum Price
(GMP) of $73,000,000. This item results in no change to the GMP, with funds to be allocated from Capital Improvements
Project No. B-30648 and B -30153J, contingent upon City Commission approval of the amendment to Resolution 09-0509,
authorizing the issuance of $20,000,000 in parking revenue bond anticipation notes.
Background Information:
Pursuant to R-10-0003, enacted January 14, 2010, the City Commission approved the award of a Construction Manager at
Risk Agreement with Suffolk for the provision of Construction Management services for the Stadium Site Parking Project
(Project). The City subsequently entered into an Agreement with Suffolk, executed February 12, 2010. On March 11,
2010, the City Commission adopted Resolution R-10-0105, authorizing Amendment No. 1, allowing certain services to be
moved forward into the pre -construction phase of the Project. On April 22, 2010, the City Commission adopted Resolution
R-10-0172, approving Amendment No. 2, authorizing the issuance of a limited Notice to Proceed prior to the sale of the
Bonds to allow Suffolk to begin performance of certain construction services, up to $3,000,000 of the the GMP.
Approval of Amendment No. 3 (GMP Amendment) is being sought this Commission Meeting as a companion item which
establishes the GMP amount of $73,000,000, including an Owner Contingency of $1,810,970, Owner allowances of
$3,550,834, a Construction Manager's Fee of $1,825,000, General Condition expenses $3,470,843, a trench safety
allowance; and other provisions relating to payments and damages.
CONTINUED...
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No: B-30648 & B -30153J
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $20,000,000
CIP
If using or receiving capital funds
Grams ivhri
Purchaglug /A
Chief
Final Approvals
(SIGN AND DATE)
Budget_
Risk Manse
Dept. Direel
City Manag
Page 1 of 2
Project Manager: Robert Fenton
This Amendment No. 4 authorizes an increase to the authorized expenditures in the Limited Notice to Proceed by
$20,000,000, for a total not to exceed $23,000,000 of the approved GMP of $73,000,000. Said increase to the
authorized limited Notice to Proceed does not affect the GMP of $73,000,000. Funds are to be allocated from Capital
Improvements Project No. B-30648 and B-30153J.
Page 2 of 2
Project Manager: Robert Fenton