Explanation
BACKGROUND: This legislation authorizes the Finance and Management Director to enter into an agreement on behalf of the Office of Construction Management with the North Market Development Authority, Inc. relative to the expansion of the North Market, and to provide funding in the amount of up to $553,866.00 toward associated professional services costs.
The aforementioned expansion will include additional vendor stalls and eating/gathering areas for public use. Professional services will include all design stages and construction administration of the work. Additionally, the North Market Development Authority, Inc. an owner representative will provide construction guidance, advice, and coordination during the design and construction phases of the project. The main structure of the expansion is part of the North Market Tower being constructed by a separate developer.
North Market Development Authority Contract Compliance No. CC - 034112, expiration date November 17, 2022.
Emergency action is requested to allow for immediate execution of the agreement with the North Market Development Authority, Inc., to maintain the current project schedule, and to prevent unnecessary delays in the payment of eligible professional services costs.
Title
To authorize the Director of the Department of Finance and Management to enter into a cost reimbursement agreement on behalf of the Office of Construction Management with the North Market Development Authority for professional services; to authorize the expenditure of $553,866.00 from the Construction Management Taxable Bond Fund; and to declare an emergency ($553,866.00).
Body
WHEREAS, the Finance and Management Department, Office of Construction Management desires to enter into an agreement with the North Market Development Authority for professional services which will include design stages and construction administration of the expansion of the North Market; and
WHEREAS, it is necessary to authorize the ...
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