HomeMy WebLinkAboutCRA-R-04-0010 COVER MEMOCRA Board of Directors Meeting
September 20, 2004
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Chairman Arthur E. Teele, Jr.
and Members of the CRA Board
Date: File: 04-01013
Subject: Resolution Authorizing Increase
in Grand Promenade Interim
Renovation Project Funding
From: Frank K. Rollason References:
Executive Director
Enclosures:
RECOMMENDATION:
It is recommended that the Board of Directors of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW/CRA") approve the attached Resolution authorizing an
increase in funding for the construction element of Phase 3 (North Miami Avenue to NW 1st
Avenue) of the Grand Promenade Interim Renovation Project in the amount of $200,000 to
Magnum Construction Corporation (MCM Corp.).
JUSTIFICATION:
On July 15, 2003, the SEOPW Board of Directors approved Resolution No. 03-62 (copy attached)
which appropriated $500,000 for the construction of all three phases of the Grand Promenade
Project by Magnum Construction Corporation (MCM Corp). Since that time MCM has been
working as our Construction Manager at Risk with TY Lin international/HJ Ross, our Engineering
Consultant/Project Manager for this project (under SEOPW Resolution No. 03-55 - copy attached)
to develop the engineering plans and drawings and to establish the Guaranteed Maximum Price
(GMP) for the project. Although, the original estimate provided by HJ Ross was $500,000 both
time passing since the original estimate was approved by the Board and the increase in
construction materials have caused the final price to increase by $145,328.84. The balance of the
$200,000 increase ( $54,671.16) is being added to the project as an additional "reserve" and will
not be utilized unless items not anticipated or covered by the CM -at -Risk contract are
encountered. All such use of contingency, including the reserve outside the contracted price,
shall require the expressed approval of the Executive Director by written Change Order. Since
this project is funded by CDBG, this requested increase has been discussed and approved by
Community Development Director Barbara Rodriguez and will come from CDBG funds already
appropriated for CRA capital projects.
FUNDING: $200,000 from Community Development Block Grant Capital Improvement
Account No. 799126.452502.6.930
FKR/eh
c: Barbara Rodriguez, Director, Department of Community Development