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HomeMy WebLinkAboutCRA-R-04-0025 COVER MEMOCRA Board Meeting December 13, 2004 Item #3 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM Chairman Johnny L. Winton Date: December 3, 2004 File: 04-01323 and Members of the CRA Board From: Fran K. Rollason Executive Director Subject: Request for Increase in Project Budget & Approval of GMP Amendment for Just Right Barbershop Renovation Project Enclosures: Resolution; Supporting documentation RECOMMENDATION: It is recommended that the Board of Directors of the Southeast Overtown/Park West Community Redevelopment Agency (SEOPW CRA) approve and adopt the attached Resolution increasing the project construction budget by $71,000 for additional construction items required by the Building Code and ADA Accessibility Standards, accepting the Guaranteed Maximum Price (GMP) negotiated with Design Build Inter -American (DBI) in the amount of $184,048.25 for the construction element of the Just Right Barber Shop Renovation Project and authorizing the Executive Director to execute said GMP Amendment; and further authorizing the Executive Director to expend budgeted funds for 1) DB1's pre -construction services, in an amount not to exceed $10,000, 2) for furniture, fixtures, and equipment, in an amount not to exceed $30,000, and 3) for other reimbursable expenses of the contractor, including, but not limited to permit fees, bonds, insurance, impact fees, and contingencies in an amount not to exceed $32,951.75. JUSTIFICATION: This is the final element in required approvals to allow this project to enter the construction phase. The requested budget increase is necessary to address additional ADA compliance issues brought to light through the plans review process. In addition, since this is a combined occupancy (two businesses on the ground floor and residential occupancies on the 2nd floor) it is required that the electrical service to the entire building be brought up to current code. Add to this, the loss of economy of scale from no longer going forward with the Two Guys Restaurant Renovation Project and the dramatic increase in the cost of construction materials in the two plus years since the original budget estimates were generated. The existing approved budget is currently $209,800; the requested increase of $71,000 will result in a final total budget of $280,800. This project is one of three projects which were specifically named in the CM -at -Risk RFQ No. 2001-12 issued by the CRA on December 31, 2001 (copy of excerpt sheet attached). DBI was previously selected from the two available CM -at Risk contracts approved by the Board of Directors on February 25, 2002 via Resolution No. SEOPW/CRA 02-38. An Amendment as to the final GMP and an increase to the construction budget, however, requires Board approval. Therefore, it is recommended that the Board approve the attached Resolution which will authorize the Executive Director to execute the GMP Amendment and increase the construction budget by an additional $71,000. FUNDING SOURCE: $71,000 from SEOPW TIF Account Code No. 689001.550108.6.860 entitled "Construction in Progress." Balance of the total project cost ($138,800) has previously been approved by the Board under SEOPW Resolution No.s 03-53, 03-78, 03-79, and 04-47. FKRleh