Legislation Details

File #: 12-0422   
Type: Contract Status: Agenda Ready
In control: City Council
On agenda: 5/21/2012
Title: Interior Demolition and Abatement Contract, 225 East Main Street (District 4) The Economic Development Department is currently negotiating a fifteen-year lease agreement for 225 East Main Street with Benedictine University, which includes an option to buy. Design for the remodel of the building is underway. The recommended total award amount for this Guaranteed Maximum Price #1 package is $816,025, based on the Construction Manager at Risk proposal of $741,841 plus an additional $74,184 (10% contingency allowance for change orders). This project is funded by the Economic Investment Fund (included in the City’s Enterprise Fund).
Strategic initiatives: Community Engagement, Economic Development, Financial Stability, Quality of Life, Regional Leadership
Attachments: 1. Council Report, 2. Exhibit A
Date Action ByActionResultAction DetailsMeeting Details
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Title
Interior Demolition and Abatement Contract, 225 East Main Street (District 4)
 
The Economic Development Department is currently negotiating a fifteen-year lease agreement for 225 East Main Street with Benedictine University, which includes an option to buy.  Design for the remodel of the building is underway.
 
The recommended total award amount for this Guaranteed Maximum Price #1 package is $816,025, based on the Construction Manager at Risk proposal of $741,841 plus an additional $74,184 (10% contingency allowance for change orders).  This project is funded by the Economic Investment Fund (included in the City's Enterprise Fund).