Title
An Ordinance approving Change Order No. 1 to Guaranteed Maximum Price (GMP) 1 of the Agreement with McCown Gordon Construction Company, for the Downtown Market Plaza project, an increase of $835,918.00 for a revised GMP of $6,484,375.00 and authorizing the City Manager to execute the same.
(Note: First read by Council on February 27, 2024.)
Body
Issue/Request:
An ordinance approving Change Order No. 1 to Guaranteed Maximum Price (GMP) 1 of the Agreement with McCown Gordon, for the Downtown Market Plaza project, an increase of $835,918.00 for a revised GMP of $6,484,375.00 and authorizing the City Manager to execute the same.
Key Issues:
· 15 Calendar days and additional work and materials are being added to account for project impacts related to the unknown underground obstructions and utility conflicts related to the stormwater system improvements.
· Additional work and materials were identified as necessary additions to finalize property agreements.
· Additional work and materials are being added in coordination with the City's South Prairie Lee Sanitary Improvement project to avoid additional closures to Second Street.
· Additional work and special disposal costs are being added for several unexpected items encountered during the demolition of the Ice House.
Proposed City Council Motion:
I move for adoption of an ordinance approving Change Order No. 1 to GMP 1 of the Agreement with McCown Gordon, for the Downtown Market Plaza project, an increase of $835,918.00 for a revised GMP of $6,484,375.00 and authorizing the City Manager to execute the same.
Background:
On April 20, 2021, the City Council passed Ordinance No. 9123 which approved a Development Structure Agreement for the Downtown Market Plaza Project (the “Downtown Project”) between the City, Lane4 Property Group, Inc. (the “Developer”) and Biederman Redevelopment Ventures (“BRV”). That Agreement was executed on May 21, 2021.
On April 20, 2021, the City Council also passed Ordinanc...
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