AgdaPkt 2003-10-13 - Laserfiche WebLink

Browse Search

8 • 1/ {� = = DR/1FT 2. In a� to the$'arki�Eos(s, City and Agency shall pay Developer a fce for I Servicscin an am�annt equ�hree rcent_ 3°� of the of the Work�_es Confirmed by audit .___-::� � i0tl7°1° � °e ` ° �� a) — - -�-- � �- - --_ - Od�tW: or (D) Fdu HuntlreA Thi�e shall b�id montl�based on the Cost of the Work approved for reimbursement as S°v°^N�^e7lwuanONin� — HunArod DdaR (S.t77,900) (py •Fee•l — describ�in Se�irl�hg in the month Developer commences excavation for the ubiic__ � �� � a FaEf�. The Fee dESCribed in this Section 3�7)(2) is separate frorr� the incentive payment Parkinp FadlXy = descrtET�in �tion 3(D)(3). The Fee shall be subjr�ct to edjustment upo7 completion of the = Projed based uporl�e audited Cost of the Wor1c, •• �� rn� F«.n.0 �.■o,.d = _ •---------------------------------------------------`------�"' ui.,moumsa�ramMn:.nnavap, — 3(Dx2) witt�o�tl Ms axp�cs apppvy 3. If, uppgfinal completion of thePublic Parkinq Facil�� the City_and_Agency detertnine_after_ au,.ceyea�xnu�,oar,n,.cx Coundl a�G IM Apencyt Board of =m�diting th�actual Parking Facility Costs that the Parking Facility Costs paid by the City and '� o�•w Ager�- ctuding any payment from the Construction Contingency) are less than the Not-to- ��,�° B1°10pa° � 06C Excee�Parkin4 Facilitv�ost,_City_and Agency shall_pay__Developer an incentive pay_ment_in an ,..-��" D° �' ° e d ° 0 oia tr ic 6 an ---- - -- amount equal to fiao_percent_(2%) of the Cost of the Work as confirmed by_audit. The sote source ,.--�' Da1itad M10 � 6° ` a �'� - ---------- -...---------_- -- ---------- -- - �--- -- ------ ------ oaieae " : . «(e) Tr�a Hunded of this incentive payment, and the lnaximum amount of any_ incentive payment shall be the FO ---- --- --' - ----------------• oa�rs �s3u.soo). unexpended Construction Contingency. The total amount paid to Developer for Parking Facility � oe�e�a:o�;e,r,,,;mueoo„ Costs plus this incentive fee shall not be more than the Not-taExceed Parking Facility Cost set forth in paragraph 3(A). 4. After the construction documents are finalized and acceoted bv Citv and Aqencv Develooer mav oresent Value Enaineerina Pronosals ("VEP"1 for altemative svstems means methods finishes eauioment and the like that satisfv the aeneral desian criteria of the Proiect but which result in savinqs of time or monev in constructina or o�eratina and maintainina the Public Parkina Facilitv. Each VEP shall describe the or000sed chanqe identifv all as�ects of the Public Parkinq Facilitv directiv or indirectiv affected bv the chanae soecifv the cost or time savinas to be achieved if the VEP is accepted and detail anv anticioated effect on the ProiecYs service iffe economv of operation ease of maintenance aopearance desian or safeN standards The CiN and Aoencv shall be the sole iudpe of the acceotabiliN of a VEP and of the estimated net savinas in the Cost of the Work on account of the or000sal Anv acceoted VEP will be incorporated into a chanqe order that sets forth the chanaes in the olans and soecifications anv conditions on acceotance of the VEP, and the estimated savinas in construction costs Citv and Aaencv shall not be obliaated to i j consider or adopt anv VEP. Develooer shall be solelv resoonsible for all costs associated with I preAaration and oresentation of a VEP If the Citv and Aqencv adoot a VEP Develo�er shall � receive one half (50%1 of am savinas in the Cost of the Work realized solelv on account of the �eeee:rart:9a 9:26r03 8 oaiao�a: ssenv�o ��esi000i = j6 . ..._. ___.___....___.____...___..__.._.__. _ ,'� DB8100903/Agr.147 �- -----��-----------------------------------_.