Laserfiche WebLink
<br />REQUEST FOR COUNCIL ACTION <br />Date:June 6, 2022 <br />Item No.:10.f <br />Department Approval City Manager Approval <br />Item Description: Approve GenisysCredit Union Public Improvement Contract <br />1 D ISCUSSION <br />2 As part of a redevelopment at 2501 Fairview Avenue, the developer, Genisys Credit Union, has <br />3 worked with the City to develop a public improvement contract required for the new public sidewalk <br />4 improvements required as part of the site redevelopment. In order to serve the siteand adjacent <br />5 properties, the City required that a pathway be constructed on the west side of the Fairview Avenue <br />6 right-of-way adjacent to the redeveloped parcel. The detailsof such improvements are specified in <br />7 the Public Improvement Contract (Attachment A) and shown in the plans (AttachmentB). <br />8 All work would be done through the developer’s contractor. All costs for the improvements would <br />9 be paid by the developer. The estimated cost of construction of the public infrastructure is $20,800. <br />10 The developer will provide a financial security in the amount of 125% of the estimated cost of <br />11 construction, $26,000.00, in the event the developer fails to perform. <br />12 The City will oversee the construction. The developer will pay the City $832.00for these inspection <br />13 services. <br />14 The public improvements are planned to be completed by March 31, 2023. <br />15 F INANCIAL I MPLICATIONS <br />16 The estimated cost of these improvements, based on preliminary figures provided by the developer’s <br />17 engineering consultant, is approximately $20,800. The developer will provide a financial security in <br />18 the amount of 125% of the estimated cost of construction, $26,000.00. <br />19 The contract, as presented, has the developer paying for all the costs of the improvement including: <br />20 design, inspection, construction and city staff time related to the improvement. The developer will <br />21 pay the City $832.00 to cover staff time overseeing the project. <br />22 S TAFF RECOMMENDATION <br />23 Staff recommends that Council approve the Genisys Credit Union Public Improvement Contract. <br />24 R EQUESTED C OUNCIL A CTION <br />25 Motion to approve the Genisys Credit Union Public Improvement Contract. <br />Prepared by: Jesse Freihammer, Assistant Public Works Director /City Engineer <br />Attachments: A: Public Improvement Contract <br />B: Proposed Improvements <br />Page 1 of 1 <br /> <br />