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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 0 Date: 7/10/2008 Commission Meeting Date: July 24, 2008 RE.16 Requesting Department: CIP Department District(s) Impacted: ❑1 02 ®3 I 4 I 15 Type: ® Resolution n Ordinance ( I Emergency Ordinance ❑ Discussion Item n Other Subject: Resolution authorizing the City Manager to expend an additional $500,000 for services with Jones Lang LaSalle Americas, Inc. for the redevelopment of the Orange Bowl Site, Project B-30153 Purpose of Item: A Resolution authorizing the City Manager to expend an additional $500,000 with Jones Lang LaSalle Americas, Inc. under their current Agreement with the City to continue planning and financial analysis services, which are necessary to continue their work on the redevelopment of the Orange Bowl site. This will increase the City Manager's authorization from $200,000 to $700,000 for planning and financial analysis services. Background Information: On January 10, 2008 the City Commission adopted Resolution 08-0014 authorized the City Manager to execute Amendment No. 1 to the Agreement with Jones Lang LaSalle Americas, Inc., for program management services for the rehabilitation of Orange Bowl Stadium, to increase the scope of their Agreement to include work to prepare for the redevelopment of the Orange Bowl Stadium site. The City Commission further authorized the City Manager to expend up to $200,000 for planning and financial analysis services, utilizing the financial capacity remaining under the Agreement with Jones Lang LaSalle Americas, Inc. Jones Lang LaSalle Americas, Inc. work to date has included coordinating with the City, County and the Florida Marlins on many issues, including the physical location of the stadium on the site, conceptual planning for parking garages, MUSP requirements, and preliminary work on the future commercial and residential development of the remainder of the property. 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-30153 NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $5,991,000.00 $5,991,000.00 Final Approvals (SIGN AND DATE) CIP Budget %.^Jln ' S2 ..Mt —1 ,lt1Io8 If using or receiving capital funds Grants N/A i k Management N/A PurchasingN/A e t. Director _ p 3=•�� �t Chief z7 City Manager Page 1 of 2 ._ Project Manager: John De Pazos Jones Lang LaSalle Americas, Inc. assistance is required to continue their planning and financial analysis work, including continued coordination on issues with the City, County and the Marlins including the joint development of the MUSP application and location of parking, as well as highest and best use analysis for commercial and residential development, planning for non -parking related parcels parking and streetscape concepts. The current expenditure cap approved by the City Commission is not sufficient to complete the work and it is necessary to increase the expenditure cap by $500,000 for Jones Lang LaSalle to complete their current work. No additional funding is required as there is sufficient financial capacity in the Agreement between Jones Lange LaSalle and the City. Page 2 of 2 Project Manager: John De Pazos