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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 0 5' 0 0 qii R Date: 8/11/2005 Transp Commission Meeting Date: 9/8/2005 Requesting Department: Capital Improvements & District Impacted: 2 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Resolution to approve an amendment to the existing contract with MCM Corporation, for the Flagler Marketplace Streetscape Project (2nd Bidding) Purpose of Item: To amend portions of the existing contract between the City and MCM Corporation dated December 10, 2004, for the project entitled "Flagler Marketplace Streetscape Project (2nd Bidding)," Project B- 40667, to allow for the assignment of all or portions of the work with prior approval of the City.. Background Information: On December 9, 2004, the City Commission adopted Resolution No. 04-0782 approving the bid of MCM Corporation for the Project entitled "Flagler Marketplace Streetscape Project (2nd Bidding)," B-40667 in the amount of $9,112,046.50. Language in the existing contract does not allow the contract to be assigned, transferred or encumbered by either party. Because we wish to work cooperatively with the Related Group of Florida, Inc., which is constructing a large residential retail project along Flagler Street, we need to amend the Streetscape construction contract to allow an assignment of work. This amendment will change the existing contract language to allow work to be assigned, transferred or encumbered with prior written approval from the other party. This item is related to a resolution approving an assignment and assumption agreement between the City, MCM Corporation and the Related Group. Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: op /a_ Iusing or rece{v rlg capital funds Grants d�l //�i PurchMag_ Chic Final Approvals (SIGN AND DATE) Budget N/A - Risk Managemen Dept. Direct Manag �Pxge l of