Explanation
1. BACKGROUND
This ordinance seeks authorization for the Director of Public Service to modify the Construction Guaranteed Maximum Reimbursement Agreement (the “CGMRA”) with Elford, Inc. (the “Developer”) relative to the NCR Weinland Park (7th to 9th) project (the “Project”).
Pursuant to Ordinance 1843-2017, the City and the Developer entered into the CGMRA, effective August 15, 2017, whereby the City agreed to reimburse the Developer up to $1,240,410.41 for eligible construction costs incurred during the completion of the Project.
This is an unplanned contract modification. During the course of construction additional work needed to complete the project has been identified relative to the duct bank installation, the relocation of Division of Power electric facilities, and other aspects of the Project, making it necessary to modify the existing CGMRA and authorize the expenditure of additional monies to pay for those costs. These costs could not have been foreseen prior to construction starting.
This ordinance authorizes the Department of Public Service to modify the CGMRA with the Developer in the amount of up to $80,000.00, for a total expenditure of $1,320,410.41 to facilitate the completion of the Project.
Original CGMRA: $1,240,410.41
Modification No. 1 $80,000.00
Total CGMRA Amount, including all modifications: $1,320,410.41
2. CONTRACT COMPLIANCE INFORMATION
Elford's contract compliance number is CC006059 and expires 10/25/19.
3. FISCAL IMPACT
Funds in the amount of $80,000.00 are available for this project in the Streets and Highways Bond Fund within the Department of Public Service. An amendment to the 2017 Capital Improvements Budget is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
4. EMERGENCY DESIGNATION
The Department of Public Service is requesting emergency action to be taken in order to allow construction of the project to be completed, thereby allowing the...
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