AgdaPkt 2005-09-12 - Laserfiche WebLink

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6./J- ¿ Subsequently, an Amendment (No.1) to the May 2004 FTB agreement was approved in January 2005 to include the block of Broadway between Middlefield and Hamilton (the Fox block). This amendment increased the budget by an additional $93,547. Since that time, FTB has been working on the documents. At the 75% document completion stage, a preliminary budget was developed by the developer's team (BHV Innisfree Companies and the general contractor for the project, The Wentz Group). This estimated cost for construction of the improvements as designed was significantly over the City/RDA's and Developer's combined $3.5M (City's portion $2.2M and Developer's $1.3M) budget for the streetscape project. A first round of value engineering (VE) was performed and it was agreed that the most significant cost savings could be realized by changing the proposed granite pavers to another less expensive but similar textured paver (the Hanover paver). This change was incorporated into the 100% construction documents which went out to bid on June 10, 2005. The bids for the 100% documents again came in significantly over the project budgeted amount. A second round of VE was undertaken. This process is still underway. A third alternate paver is being considered as are other modifications to the design. When this work is complete, staff will bring before the Council and Agency Board several options for design modifications and costs for your consideration. In addition to the VE effort to reduce the cost of streetscape improvements, additional design services were performed to incorporate modifications to the existing traffic signal at the intersection of Broadway and Jefferson and Middlefield and Jefferson: restripe Jefferson Avenue from four (4) lanes to two (2) with a center left turn lane; redesign the Fox block portion of Broadway; and incorporate other design issues. In order to fully develop the options for design modifications and costs, the FTB agreement needs to be amended to increase the total budget by $202,382. The additional budget is needed for this VE and redesign effort because it was not included in the original scope. The total value of FTB's contract for the downtown streetscape project increases to $1,008,503 upon approval of this Amendment for $202,382. Attached please find Exhibit A with the costs for this amendment including both the first and second rounds of VE and redesign and an allowance for completion of final documents. Alternatives 1. Do not authorize the City and the Agency to move forward with Amendment No.2 to the agreement, in which case the additional VE and revised documents could not be completed. 2. Direct staff to seek alternative solutions. Fiscal Impact The estimated cost of completing the value engineering, additional design services, and final construction documents is $202,382. This is significantly less than the potential savings that will result from the value engineering and redesign efforts. The funds for this are available as part of the $35M Downtown Funding Plan contingency. 1:\2005 STAFF REPORTS, AGREEMENTS\09-2005\ Amendment No.2 FTB Agreement Streetscape Design Services 2