| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 10/22/2018
Department: Parks
Department Head: Robin Reeves
Agenda Coordinator: Susan Berger |
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CAPTION
To approve an increase to the current awarded contract amount of $2,310,212 by $59,238 for a total contract amount of $2,369,450 for the Plano Transit Village Veloweb, Project No. 5435.4, to 2L Construction Company, LLC; and authorizing the City Manager to execute all necessary documents. (Contract No. 2017-0338-B, Change Order No. 1) Approved |
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FINANCIAL SUMMARY CIP
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| FISCAL YEAR: 2018-19 |
Prior Year
(CIP Only) |
Current
Year
|
Future
Years
|
TOTALS |
| Budget |
36,933 |
2,625,261 |
0 |
2,662,194 |
| Encumbered/Expended Amount |
-36,933 |
-2,517,479 |
0 |
-2,554,412 |
| This Item |
0 |
-59,238 |
0 |
-59,238 |
| Balance |
0 |
48,544 |
0 |
48,544 |
FUND(S): Park Improvements CIP
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COMMENTS: Funding for this item is available in the 2018-19 Park Improvements CIP. The first change order to the Plano Transit Veloweb construction contract, in the amount of $59,238, will leave a balance of $48,544 available for future project expenditures. |
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SUMMARY OF ITEM
This change order is to allow for escalation costs in accordance with the contract terms, for steel items affected by tariffs due to unforseen market changes in addition to tariffs for Rail, Chain Link Fencing, and Stock-Length and Fabricated Rebar used throughout the concrete trail in the project.
Parks and Recreation staff recommend approval of Change Order No. 1 to 2L Construction, LLC. The total contract amount will be $2,369,450.30, which is a 2.56% increase over the original amount of $2,310,212.
This project is partially funded by a $1,350,128 grant through the Texas Department of Transportation (TxDOT). Price escalation has occurred since the bids for the project were opened in August 2017. The project was awarded at council in December of 2017 after TxDOT review and approval. The contractor executed the contracts with the city and then executed a required construction contract with DART because the project is located within the DART right of way. The DART contracts were executed in April 2018, and a notice to proceed date was issued in June. TxDOT has reviewed the change order request and has concurred with it.
If this change order is not approved by Council, the issue will be unresolved, and the project will not proceed.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Great Neighborhoods - 1st Choice to Live, Exciting Urban Centers - Destination for Residents and Guests
Plano Tomorrow Plan Pillar:
Built Environment, Regionalism |
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| ATTACHMENTS: | | Description | Upload Date | Type | | Location Map | 10/5/2018 | Map |
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