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Iowa Locust Parking Ramp Restoration AcceptTHE CITY OF DuB E ~-~~ MEMORANDUM April 30, 2007 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Mllligen, City Manager SUBJECT: Parking Ramp Restoration Project Final Acceptance Parking System Supervisor Tim Horsfield is recommending acceptance of the Parking Ramp Restoration Project, as completed by Brent Anderson Associates, in the final contract amount of $949,087.80, and recommending payment of the retainage in the amount of $94,908.78 to Brent Anderson Associates. I concur with the recommendation and respectfully request Mayor and City Council approval. ichael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Tim Horsfield, Parking System Supervisor THE CITY OF DuB E MEMORANDUM ~r-~~ April 20, 2007 To: Michael C. Van Milligen, City Manager From: Tim Horsfield, Parking System Supe or Subject: Parking Ramp Restoration Project Final Acceptance {ntroduction This memo will provide you with information regarding the Parking Ramp Restoration Project and fins{ acceptance of the project. Background On January 25, 2006, the City Council awarded a contract to Brent Anderson Associates of Fridley, MN to perform the work as described in the restoration of the Locust Street Parking Ramp and the Iowa Street Parking Ramp. The contract was awarded in the amount of $960,955.00. As a part of this project, the City of Dubuque issued a general obligation bond to be used as the funding source for the project. The repayment of the project was to be drawn from the downtown Tax Increment Fund for the first five years until the debt service was abated on the 5th Street Parking Ramp at which time, debt service on this project would be assumed by the parking revenues from the operating budget. As the project progressed, it was determined that the costs associated with the restoration of the Locust Street Ramp would be drawn from the Parking Construction Capital Improvement Fund instead of from the general obligation bond funds. However, the Iowa Street Ramp restoration costs would be drawn from the general obligation bond proceeds as had been originally planned. This adjustment was made due to the realization that the Locust Street Ramp was not located within the Downtown TIF District at the time of the sale of the bonds. Discussion The final costs associated with Brent Anderson Associates are $949,087.80 which is $11,867.20 under the actual contract award of $960,955.00. As a part of this project, we had awarded a contract to Desman Associates Engineering to monitor the project as they had completed the initial structural evaluation leading to the restoration project. Attached to this memo, is a request for final payment and retainage from the general contractor Brent Anderson Associates. Rs the documentation indicates, Desman Associates engineers have given final approval to the project and have also approved the final payment, being the retainage, of $94,908.78. Parking Ramp Restoration Project Final Acceptance April 20, 2007 Page II As indicated earlier in this memo, the actual funding for this project was drawn from two different sources. That breakdown is as follows: Locust Street Ramp CIP # 730-1671: $419,781.90 (Parking Const. Fund) Iowa Street Ramp CIP # 730-1670: $529,305.90 (General Obligation Bond) Action Requested With your approval, that final acceptance of the project and payment of retainage of $94,908.78 for Brent Anderson Associates be submitted to the Mayor and City Council for their approval. cc: David Heiar, Economic Development Director Jennifer Larson, Budget Director RESOLUTION NO. 246-07 ACCEPTING THE IOWA/LOCUST STREET PARKING RAMP RESTORATION PROJECT AND AUTHORIZING THE PAYMENT OF THE CONTRACT AMOUNT TO THE CONTRACTOR Whereas, the Public Improvement Contract for the Iowa/Locust Street Parking Ramp Restoration Project (the Project) has been completed and the City Engineer has examined the work and filed a certificate stating that the Project has .been completed according to the terms of the Public Improvement Contract and that the City Engineer recommends that the Project be accepted; and NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. The recommendation of the City Engineer is approved and the Project is hereby accepted. Section 2. The Finance Director is hereby directed. to pay to the Contractor from the General Obligation Bond Proceeds and the Parking Construction Fund CIP appropriation for the contract amount of $949,087.80 less any retained percentage provided for therein as provided in Iowa Code chapter 573, and to pay such retainage only in accordance with the provisions of Iowa Code chapter 573. Passed, approved and adopted this 7th day of May, 2007. Roy D. Buol, Mayor Attest: Jeanne F. Schneider, CMC, City Clerk Form PI7, SA5 033007 CITY ENGINEER'S CERTIFICATE OF FINAL COMPLETION OF THE IOWA/LOCUST STREET PARKING RAMP RESTORATION PROJECT The undersigned City Engineer of the City of Dubuque; Iowa, hereby certifies that he has inspected the IOWA/LOCUST STREET PARKING RAMP RESTORATION PROJECT, the Project has been performed in compliance with the terms of the Public Improvement Contract, and that the total cost of the completed work is $949,087.80 Dated this 7th day of May, 2007. Gus Psihoyos, City Engineer Filed in the office of the City Clerk on the 7th day of May , 2007. Jeanne F. Schneider, CMC, City Clerk