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File #: 1976-2022    Version: 1
Type: Ordinance Status: Passed
File created: 6/30/2022 In control: Finance Committee
On agenda: 7/25/2022 Final action: 7/27/2022
Title: To amend the 2021 Capital Improvement Budget; to authorize the appropriation and transfer of funds from the Special Income Tax Fund to the Construction Management Taxable Bond Fund; to authorize the Director of Finance and Management to enter into a contract, on behalf of the Office of Construction Management, with 2K General Company towards North Market Interior and Exterior Renovation Project; to authorize the expenditure of up to $2,627,000.00 from the Construction Management Taxable Bond Fund; and to declare an emergency ($2,627,000.00).
Attachments: 1. North Market Interior and Exterior Renovations Funding.pdf
Explanation

BACKGROUND: This legislation authorizes the Finance and Management Director to enter into an agreement on behalf of the Office of Construction Management with 2K General Company for the North Market Interior and Exterior Renovation Project. This building is owned by the City and North Market is a tenant.
The project involves both interior and exterior scopes of work. The interior scope will include removal of the paint of the first and second floor ceilings and repainting. It also will include upgrading the existing lighting to LED lighting and replacing the existing residential ceiling fans to commercial air circulation fans. The exterior scope will include tuck pointing the existing brick on all faces of the building and resealing around the existing windows. All four alternates in the bid are being accepted. The alternates include upgrading all four restrooms, and replacing the existing air curtains at each building entrance.

The Department of Finance and Management, Office of Construction Management, solicited bids that were formally advertised On May 23, 2022, the city received only one (1) response (0 AS1, 0 FBE, 0 MBE,) as follows:

Bidder/Consultant City FBE/MBE Amount of Bid
2K General Company Delaware EBOCC $2,627,000.00


2K General Company submitted the only bid of $2,627,000.00. The Office of Construction Management recommends the bid in the amount of $2,627,000.00 be made to the sole responsive bidder, 2K General Company.

2K General Company Contract Compliance No. CC005739, expiration date June 14, 2024.

Emergency action is requested to complete the exterior portion of the scope of work so as to not hinder the start of construction of the new North Market Tower.
Fiscal Impact: This ordinance authorizes an expenditure of $2,627,000.00 from the Construction Management Taxable Fund with 2K General Company for the North Market Interior and Exterior Renovation Project. . It is necessary to certify the requisite funds in the amoun...

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