R2001-216 AUTHORIZING CITY MANAGER TO NEGOTIATE AND EXECUTE AGREEMENT

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Economic & Urban Development Department Memorandum # 01-121 November 23, 2001 TO: Honorable Mayor Terry M. Howley and City Council Members �, FROM: Steve Garn�u�, City Manager A.J. Krieger, Assistant City Manage 1� . � SUBJECT: Central Park Fountain Pro�ect RECOMMENDATION: This memorandum is being sent for informational purposes only at this time. BACKGROUND: The purpose of this memorandum is to provide City Council with additional information as it considers a course of action with respect to a Central Park fountain project. It is City staf�s position that irrespective of design, the cost of the entire fountain project must be considered prior to the execution of any contract. Consideration of the cost for simply constructing the fountain itself does not provide a complete description of the total fountain project expense. Attached to this memorandum is a report prepared by City staff which includes a more likely fountain project cost, as well as identifies a potential funding shortfall. The City staff prepared fountain project cost summary is based on the following assumptions/figures: • There is a fundamental difference between what may be defined narrowly as fountain construction costs, and the actual total fountain rp oiect costs. When closely examined, the fountain rp oiect costs reveal a potential funding shortfall that must be considered/addressed. • Costs listed for items 1-6 were taken directly from the 11/19/Ol report prepared by Architectural Expressions. • The Fountain Subtotal reflects the Architectural Expressions Revised Bid cost for fountain construction. � The Additional Necessary Project Costs, items 7-10, are elements which City staff believes must aLso be included when calculating the actual total fountain project costs. These items were considered critical enough to be included in the original bid specifications and therefore need to viewed as necessary for a complete fountain project. Note: These are not items which would necessarily pertain to other Cental Park elements. Rather, they are necessary components of an overall, completed fountain project. For example, City Council might consider the following: • Item#7 - Sidewalk Replacement. It is likely, if not certain, that the existing sidewalk would be damaged during the demolition and new construction stages. Further, it is reasonable to assume that the construction of a new walkway (decorative or not) around the perimeter of the fountain would be central to the overall project. The figure used in establishing this cost was taken from the original bid sheet and was the lowest cost alternate provided.