AgdaPkt 2003-08-11 - Laserfiche WebLink

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L.1- S -Z The schedule for construction of the new underground garage is expected to be from approximately September 1, 2003 to September 2004. It is critical that the excavation and the shoring be completed prior to the 2003/04 rainy season. Thus, it is anticipated that the majority of the excavation will be completed by November 2003. An agreement for the excavation and construction of the public parking garage will be forthcoming. On February 24, 2003, the Council and the Agency Board approved a Construction and Reimbursement Agreement (the Culvert Agreement) with BHV Innisfree Ventures I, LLC to construct a concrete storm drain culvert on a new alignment outside of the area for the proposed underground garage on Block One. (Currently there are two 9' wide storm drain box culverts (side -by -side) underlying Block One, crossing it on a diagonal alignment.) That construction project is nearing completion. The Site Clearing Agreement now being recommended will be in substantially the same legal format as the Culvert Agreement, but with a different cost and scope of work. The scope of work for the Site Clearing Agreement will be: • Remediation of hazardous materials in all remaining buildings on the block • Demolition of the remaining buildings • Relocation of a 12 -inch water line • Relocation of a 10 -inch sewer line • Construction of a joint trench for other utilities • Fencing and traffic control The estimated cost for the above work is $1.22M. These funds will be advanced from the $20M loan from the City to the Agency. A portion of these costs will be refunded back to the Agency. The developer is responsible for the costs of abatement and demolition of the buildings and will reimburse this cost at the time he purchases the air rights for construction of the retail- cinema project. The water and sewer line relocation will be reimbursed from the respective City enterprise funds. The cost of the construction of the utility joint trench will be reimbursed by PG & E and SBC. A cost allocation summary is attached. Although there is no formal agreement attached for your review at this time it is necessary to authorize the following work immediately in order to stay on the fast -track schedule for the excavation. The work will not begin until there is a formal executed agreement approved by the City Attorney. Authorizing the agreement now allows the developer to mobilize the contractors in preparation for the start of the work. Alternatives 1. Do not authorize the City and the Agency to enter into the construction and reimbursement agreement to start the underground public parking garage. In this case, the proposed underground public parking structure under Block One could not be constructed at this time. 2. Direct staff to seek alternative solutions. F:Atty/CD /Agenda.Garage Constr & Reimb. 2