AgdaPkt 2005-09-26 - Laserfiche WebLink

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��— � Because the Project is structurally integrated, the City/RDA entered into a construction and reimbursement agreement with BHV Innisfree Ventures for construction of the underground public parking garage in October 2003. That construction will be completed by the end of 2005. The developer's portion of the project, the core and shell of the retail cinema building, will also be complete by the end of the year. The next steps in the process are to complete the streetscape improvements around the project (City/RDA) and the tenant improvements (developer). The City/RDA contracted with Freedman Tung & Bottomley Urban Design (FTB) to prepare the concept design and construction documents for the streetscape project. A number of study sessions with the City Council, Planning Commission and Architectural Review Committee (ARC) were held to develop the concepts and to select a preferred concept plan. A budget of $3.5M was established for the streetscape based on this preliminary work, which included $2.2M as the City/RDA portion and $1.3M as the developer's fixed contribution. The proposed streetscape improvements around the project consist of the following: 1. Jefferson Avenue and Middlefield Road (south) — new curb, gutter, sidewalks and street resurfacing. Jefferson Avenue to be restriped to reflect new "road dieY' configuration between Middlefield Road and Marshall Street, which will include a lighted mid-block pedestrian crosswalk. 2. Middlefield Road (west) aka Theatre Wav — complete reconstruction of the street from building face to building face with new dining terrace, sidewalks, one vehicle lane, angled parking (west side only) to be constructed with decorative pavers. Other features include Palm trees, decorative planters, and an entry monument bowl, along with specially designed street furniture and light fixtures. 3. Broadway between Jefferson Avenue and Middlefield Road — complete reconstruction of the street from building face to building face to include a new median strip with Palm trees, a protected drop-off zone on south side of street, Pear trees on both sides, and special lighting and street furniture. Broadway/Jefferson Avenue intersection to be completely reconstructed. 4. Broadwav between Middlefield Road and Hamilton Street—complete reconstruction of the street from Fox Theatre building to face of curb on north side, including lighted mid pedestrian crosswalk. New landscaping to include Palm trees and Cherry trees on Fox side of the block. Other amenities include special street furniture. Completion of north side sidewalk (from edge of street) to be perFormed in conjunction with Courthouse Square improvements. Broadway/Middlefield Road and Broadway/Hamilton Street intersections to be completely reconstructed. Once the preferred design was selected, the construction documents were prepared. When the plans were 75% complete, the general contractor for the Project (Wentz) prepared an estimate based on the 75% design documents in order to check costs against the budget. The estimate of $7.1 M came in significantly over the budget of $3.5M (both City/RDA and developer funds). Page 2 of 5 _ _ . _ __ . .