Tuesday, April 19, 2016

City Council item 42; $2,407,500.00 more for Union Square?

":RESOLUTION AUTHORIZING AN AMENDMENT TO A REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF GREENSBORO AND UNION SQUARE CAMPUS INC. FOR CONSTRUCTION OF PUBLIC IMPROVEMENTS IN SOUTH ELM REDEVELOPMENT PROJECT"

WHEREAS USCI has selected Rentenbach Constructors Inc. as Construction Manager-at-Risk and a design team that includes JC Waller & Associates, PC for Civil Engineering Services utilizing a competitive process;

Rentenbach just got another $375,000 for the Saloon building

WHEREAS the Amendment of $2,407,500.00 will bring the total contract amount to $3,045,898.00. Funding for the Amendment is shown below:

$775,000 Parking - Contributions to Non-Governmental Agencies 543-4530-01.5931
$390,000 State Highway Allocation Capital Project Fund 402-4531-02.5410
$445,000 Pipe System Improvements FY15 506-7014-01.6018
$797,500 Street Improvement Fund 471-4502-25.6019

$2,407,500.00 more?

WHEREAS budget adjustments are necessary to use these funds;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GREENSBORO:

That the City Council approve the $2,407,500.00 Amendment to the Reimbursement Agreement with Union Square Campus Inc., bringing the total contract not to exceed $3,045,898.00 and the associated Budget Adjustments.

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