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�.1.�-�-� <br /> The demolition of the South Annex must be underway prior to this summer (2005), to <br /> avoid any conflicts with the Plaza and Streetscape (Broadway) re-construction. <br /> The "Final Agreed Price" is based on an estimate prepared by DPR. No bids have been <br /> received at this time. When all bids are received by the subcontractors, and the total of <br /> all bids is less than or equal to the estimate, no further action is necessary. <br /> Alternative <br /> . Council can elect to not enter into this Agreement with DPR, and begin a new process to <br /> select a CM/GC and/or contractor with the capabilities of constructing the Historical <br /> Courthouse Reconstruction and Courthouse Plaza. <br /> Fiscal Impacts <br /> The Final Agreed Price to demolish the existing Annex and reconstruct the Courthouse is <br /> $4,955,057.00, as shown in Exhibit "C" to the Agreement. The estimate breakdown is as <br /> follows: <br /> Descri tion Amount <br /> Construction Costs $3,598,637.00 <br /> General Conditions 739,029.00 <br /> Overhead & Profit 4% 180,085.00 <br /> Insurance, Contingencies, Permits, 272,856.00 <br /> Bid Packa e Bu out <br /> ADD ALTERNATE S <br /> Salva e, Window Re air, <br /> Li htin & Controls 164 450.00 <br /> TOTAL $4,955,057.00 <br /> fn January of 2003, when the budget was first established, the original Redevelopment <br /> Budget for the project was $4,303,284.60 (including add alternates), based on original <br /> estimates. The difference in the estimates is the result of inflation and increase in cost <br /> of raw materials. <br /> Funds in the amount of $4,955,844.00 are remaining in � Redevelopment Capital <br /> Outlay Budget f�r this project. <br /> � � ., <br /> Pau illis e Patters <br /> As �iate Engineer mmu ' D o rS�ent S ices Director <br /> � <br /> � � � - <br /> � Susan Moeller Ed Evere <br /> Redevelopment, Housing, City Manager <br /> Economic Development Manager <br /> PW/BL:ss <br /> S/library/reports/paul/consultant DPR_HCR Project <br /> Page 2 of 2 <br />