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HomeMy WebLinkAbout13-00999 Submittal-Mt. Zion Dev. Letter Re Carver Apts and ShoppesMt Zion Developments INC ORPORATED August 14, 2013 Clarence Woods, Deputy Director City of Miami - Community Redevelopment Agency 49 NW 5th Street, Suite 100 Miami, Florida 33128 RE: The Carver Apartments & Shoppes Dear Clarence, Please know that, we are at 95% completion for the Carver Apartments project, and anticipate securing certificate of occupancy in the first week of September. We have worked diligently to minimize increased construction costs, however, unforeseen joist material damaged caused a significant increase to the contract and completion delay. Adjustments in the budget caused us to revise project amenities and/or eliminate certain finishing for the building. This correspondence is a request for SEOPW/CRA assistance to fund those finishing as originally proposed for the project. The amount needed to complete this project is $59,752. The attached will illustrate in summary all cost expended to date, and the amount of funding we seek to adequately finish this project. Please review the attachments. Your assistance on this matter is greatly appreciated. Please do not hesitate to contact me directly at 954-829-7788 with any questions you may have. Sincerely, Don D Patt°erson President/CEO Cc: MZDI BOD M. Valentin, SEOPW/CRA Submitted into the public record in connection with Item 4 on 09/30/13. Todd B. Hannon Clerk of the Board 301 NW Ninth Street, Miami, FL 33136 I mtzdevelopment.org I3-aogga_&A uif-a.1—Mf-.Zion Dtv.Le-1-f-ef Re:Tht ea(v1rApfs. 511oppes PROJECT ACCOUNTING SUMMARY Original Contract Value $1,188,000 Approved Prime Contract Change Orders OCO#1 - PCO 002: Existing Conditions Remediation Work (RFI 12, 15, 31, 33, 34 & 40) $164,229 OCO#2 - PCO 019: Contract Substantial and Final Completion Dates Revised (zero dollar) $0 OCO#3 - PCO 020: Davis Bacon Wages Deduction (effective 10/26/12) -$74,413 OCO#4 - PCO 025: Additional Premium for Builders Risk Policy Extension $5,863 OCO#5 - PCO 001: Temporary Water Meter Fee Reimbursement -$2,640 OCO#6 - PCO 009: RFI 039 - Sanitary/Sewer Exterior Clean -out Clarification $548 OCO#7 - PCO 002.010: Existing Conditions Remediation Work - Additional Remediation Scope $45,108 OCO#8 - PCO 003: Owner Requested Retail #4, Laundry & Meter Room Revisions (RFI 032 & 042) $42,800 OCO#9 - PCO 033: RFI 051 - Meter Center Main 2 of 2 (Retail) Calculation Clarification $4,037 Subtotal (approved change orders): $185,532 Total Earned $1,373,532 Less 5% Retainage -$55,019 Total Earned Tess Retainage $1,318,513 Paid to date (City, CRA & MFoundation) -$1,107,189 Total Amount Due $211,324 FCLF $179,116 & Miami Foundation $20,000 (sources balance) $211,324 -$199,116 $12,208 Pending Prime Contract Change Orders PCO 36 / OCO#10 - Owner Requested Cabinetry Revisions $953 PCO 11 / OCO#11 - Site Paver Scope of Work * $15,600 PCO 12 / OCO#12 - Landscaping Scope of Work * $3,539 PCO 29 / OCO#13 - Canopy & Awning Allowance Adjustment * $24,330 PCO 31 / OCO#15 - RFI 46: UL Rating Clarification at Retail Area Steel Columns & Beams $3,122 $47,544 Change Orders Cost to Finish Project Tess sources balance $59,752 Submitted into the public record in connection with Item 4 on 09/30/13. Todd B. Hannon Clerk of the Board