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HomeMy WebLinkAboutLetter - N. 14 Street Multimedia EnertainmentMARC D. SARNOFF PIETER A. [3OCKWEG Omni Board Chair Executive Director August 8, 2012 Mr. Albert Sosa, P.E. Director City of Miami Capital Improvements Department 444 SW 2 Avenue, 8th Floor Miami, FL 33130 RE: North 14 Street Multimedia Entertainment District Project (CIP B#30394) Dear Mr. Sosa, We have been recently made aware that the referenced project requires City Commission action for any cost increases that exceed 10% of the contract amount. The CRA has a current allocation of $6 million for the project. The original construction contract amount with a 10% contingency was $2,174,999.80. Based on unforeseen conditions and CRA driven project requests (shallow signalization conduits and decorative street lighting) that were not part of the original bid documents, it has been determined that an additional $220,000.00 should be made available to this contract. This increase willexceed the 10% threshold allowed by City Commission for City CIP contracts. The CRA's budget allocation supports this increase. Should you have any questions, please do not hesitate to contact me. Sincerely, ,i Pieter A. ockweg Omni CRA Executive Director cc: Mark Spanioli, P.E., Director of Engineering and Construction Bert Gonzalez, Assistant Director Omni CRA Miguel Valentin, CRA Financial Officer SOUTHEAST OVERTOVVN/PARK WEST, OMNI REDEVELOPMENT DISTRICT, AND MIDTOWN COMMUMTY REDEVELOPMENT AGENCIES 49 N.W. 5" Street, Ste. 100 / Miami, FL 33128 / Telephone: (305) 679-6800 / Facsimile (305) 679-6835 Email: cra(a ci.rniami.fl.us. / Website: www.miami-cra.org