HomeMy WebLinkAboutSummary FormDate: 8/4/2005
AGENDA ITEM SUMMARY FORM
FILE ID: 05"00107
Requesting Department: Capital Improvements & Trans
Commission Meeting Date: 9/8/2005 District Impacted: 2
Type: ® Resolution ['Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Approve an Assignment and Assumption of Construction Agreement for the Flagler
Marketplace Streetscape Project (2nd Bidding)
Purpose of Item:
To assign a portion of the project entitled "Flagler Marketplace Streetscape Project (2nd Bidding)",
Project B-40667, currently contracted to MCM Corporation, to the Related Group of Florida.
Background Information:
1) The Related Group, a renowned and reputable developer, will be constructing "50 Biscayne", a
primarily residential development consisting of 529 dwelling units and 15,000 s.f. of retail between
Biscayne Boulevard and NE 3rd Avenue with frontage along Flagler Street.
2) The construction of "50 Biscayne" is estimated to begin shortly after the City, with its contractor
MCM Corporation, is scheduled to complete the $9.1 million Flagler Marketplace Streetscape Project.
(continued on second page)
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:
Final Approvals
(SIGN AND DATE)
CIP I Q Budget t,l/A
If using or r ceiying capital funds
Grants N/A
Purchasing YJ / Dept. Direct
Chief City Manage
Risk Manageme J/4
tr
1
o
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Background Information cont'd:
3) In an effort to save money, prevent the duplication of work and avoid the mobilization of two
contractors in the same area, the City decided it would be in the best interest of all parties to have the
Related Group complete the construction work on the Flagler Streetscape Project for the portion
bordering its development, on Flagler Street from Biscayne Boulevard to NE 3`d Avenue. The City,
through MCM Corporation, will provide the granite paving materials necessary to construct the
improvements and the Related Group will construct the improvements when it is ready, at its own
cost. The attached Assignment and Assumption Agreement details the responsibilities of the parties,
including the provision of performance and payment bonds. Should Related fail to complete work on
the assigned portion within 30 months, the City may withhold or delay the certificate of occupancy for
the development.
This item is related to another resolutii that will amend the Construction contract with MCM to
allow an assignment such as this with City approval.
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