HomeMy WebLinkAbout34-05 RESOLUTION• 1
RESOLUTION NO, 34-05
A RESOLUTION TO APPROVE A SUPPLEMENTAL
AGREEMENT FOR COST SHARE OF EARLY
CONSTRUCTION OF VAN ASCHE BOULEVARD
WITH NANCHAR, INC., AND MSB PROPERTIES LLC
AND TO APPROVE A BUDGET ADJUSTMENT
OF $1,982,788.00
WHEREAS, the owners/developers of the CMN Business Park
(NANCHAR, Inc. and MSB Properties LLC) agreed On October 6, 1998 pursuant
to the City Council approval of the Preliminary Plat of CMN Business Park II,
Phase I, that once 75% of the CMN Business Park II, Phase I had been sold to
private developers that: "The Developer shall construct at the Developer's
expense, two of the proposed four lanes for the Steele and Van Asche
Boulevards. If the City Council is unable, or unwilling to participate in the cost -
share for the construction of any street or bridge that the Developer, at the
Developer's expense provide a minimum 36 ft. street for all sections of Steele,
Van Asche and the Bridge"; and
WHEREAS, the City of Fayetteville and NANCHAR, Inc. and MSB
Properties LLC agree that Van Asche should be built as soon as possible and that
the developers/owners will reimburse the City for their agreed cost share of its
construction as soon as 75% of the land m CMN Business Park II, Phase I is sold
or within five (5) years of the completion of Van Asche (whichever is sooner),
and
WHEREAS, the cost estimate of construction of Van Asche as agreed with
all sidewalks, bridges, turnouts and intersections is $1,770,348.00 and the cost of
engineering, inspection and construction management is estimated to be
$212,440.00. Thus, the total estimated cost for this project is $1,982,788.00.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas
hereby approves the Supplemental Agreement for Cost Share Of Early
Construction of Van Asche Boulevard with NANCHAR, Inc. and MSB Properties
LLC. (Attached as Exhibit 1)
•
Section 2: That the City Council of the City of Fayetteville, Arkansas
hereby approves the attached budget adjustment of $1,982,788.00 as estimated
engineering and construction costs for the Van Asche Boulevard Project east of
Gregg Avenue.
PASSED and APPROVED this 15th day of February, 2005.
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I :FAYETTEVILLE:
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ATTEST:
By: Ayat.;(--d.6)
SONDRA SMITH, City Clerk
By
APPROVED:
ate
DAN COODY, Mayor
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SUPPLEMENTAL AGREEMENT FOR COST SHARE
OF EARLY CONSTRUCTION OF VAN ASCHE BOULEVARD
The City of Fayetteville and the owners/developers of CMN Business Park
NANCHAR, INC. and MSB PROPERTIES LLC (hereinafter referred to as
"CMN Properties") agree as follows:
WHEREAS, CMN Properties agreed on October 6, 1998 pursuant to the
City Council approval of the Preliminary Plat of CMN Business Park II, Phase I,
that once 75% of the CMN Business Park II, Phase I had been sold to private
developers that: "The Developer shall construct at the Developer's expense, two
of the proposed four lanes for the Steele and Van Asche Boulevards. If the City
Council is unable, or unwilling to participate in the cost -share for the construction
of any street or bridge that the Developer, at the Developer's expense provide a
minimum 36 ft. street for all sections of Steele, Van Asche and the Bridge." "At
75% sale of property (Phase I), Boulevard connection from Van Asche west to
Gregg Avenue shall be made. At the time that Van Asche is extended to Gregg
Avenue, the normal process of right-of-way and easement dedications shall be
made and depicted on the final plat of Phase III. And 50/50 cost sharing with the
City shall be the same as with Steele and Van Asche Boulevards in Phase I."
WHEREAS, CMN Properties agrees that Van Asche west to Gregg
Avenue ("Van Asche Boulevard") should be built as soon as possible and that they
will reimburse the City for their agreed cost share of its engineering and
construction as soon as 75% of the land in CMN Business Park II, Phase I is sold
or within five (5) years of the date that the construction contract for Van Asche
Boulevard is entered into by all parties (whichever is sooner); and
WHEREAS, the cost estimate of construction of Van Asche Boulevard,
with all sidewalks, bridges, turnouts and intersection sis $1,770,348.00 and the
cost of engineenng, inspection and construction management is estimated to be
$212,440.00. Thus, the total estimated cost for this project is $1,982,788.00
NOW, THEREFORE, in consideration of the above premises and the
mutual promises stated below, the City of Fayetteville and NANCHAR, Inc. and
MSB Properties, LLC agree as follows:
1. The City of Fayetteville shall promptly effect the engineering and
construction of Van Asche Boulevard as shown on the Final Plat of CMN
Business Park II as further delineated on Exhibit "A" to this agreement. Both the
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City of Fayetteville and CMN Properties must agree in writing to the Engineering
Contract and later to the Construction Contract to engineer and then to build Van
Asche Boulevard before those contracts will become effective.
2. The City will provide copies of bids received for the Construction
Contract to CMN Properties for review and evaluation prior to acceptance, as well
as engineering contracts to any outside engineering firms CMN reserves the nght
to reject any and all bids if such are determined to be priced higher than
commercially reasonable rates. The City also agrees to provide copies of reports
of construction progress and change orders as CMN Properties may request, and a
final accounting of the Total Costs for approval, pnor to the required date of
reimbursement.
3. The City, through the retained engineering firm (paid jointly by both
parties), shall be responsible for supervising the bid process, all engineering,
inspection and construction management, and all construction of Van Asche
Boulevard, and for ensunng the work is performed to City standards.
4. CMN Properties shall reimburse the City of Fayetteville pursuant to the
requirements of the 2001 Final Plat for its cost share. The City of Fayetteville and
CMN Properties agree that all land necessary for Van Asche Boulevard (110 foot
wide nght-of-way), intersections, etc. has been or shall be dedicated to the City
without charge and that the total costs for engineering, inspection, construction
management and construction shall be shared equally between the City and CMN
Properties.
5. CMN Properties' 50% share of the project's total cost shall inflate at 3%
per year, from the date the Construction Contracts are entered into by all parties
until the Developers pay the City their 50% cost share.
6. CMN Properties shall pay their reimbursable cost share amount as soon
as 75% of CMN Business Park II, Phase I has been sold or within five years of the
date of the Construction Contract is entered into by all parties, whichever is
earlier. CMN Properties have the right to pay their 50% cost share at any time
earlier than required.
7. The Large Scale Development and Final Plat of CMN Business Park II,
Phase I, approved in 2001 and Exhibit "A" shall be considered a part of this
Supplemental Agreement.
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8. If either party does not agree to the Construction Contract for Van
Asche Boulevard by May 1, 2006, this Supplemental Agreement For Cost Share
Of Early Construction Of Van Asche Boulevard is termmated, null and void,
except that CMN Properties shall immediately pay one-half of the costs of the
approved engineering contract incurred by the City up to that point.
In Agreement With All The Terms And Conditions Above And In Witness
Whereof the parties hereto have set their hands and seals this 15Th day of
February 2005.
By:
CITY OF FAYETTEVILLE
AN COOD
Mayor
0
Attest: �o.+t/,ta' 0}/12111-)B3rOutwaiS_-* /
Sondra Smith, City Clerk CHARLOTTE TEELE,
NANCHAR, INC
NANCHAR, INC and
MSB PROPERTIES, LLC
By: 1/4-% A tde.
NAN¢Y RUBECK,
N CHAR, INC
co S.
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: FAYETTEVILLE:
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S'NGiiiiiii
By:
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NANCHAR. Inc. and MSB Properties
ent
14
ESTIMATED PROJECT COSTS:
C. 8
NANCHAR, Inc. and MSB Properties
LLC Supplemental Agreement
Page 9 o1 14
Estimated unit costs were developed from the actual construction costs of the boulevards in the
CMN Business Park II with a 15% inflation factor and from the Arkansas Highway &
Transportation Department's list of 2004 construction costs. These unit costs were utilized to
determine the estimated construction costs. The street extension costs were examined separately
west of Gregg Avenue and East of Gregg Avenue in a future phase of the CMN Business Park.
WEST OF GREGG AVENUE: This portion of the Van Asche Boulevard Extension extends
from Gregg Avenue to the west to the intersection with Arkansas Highway No. 112. The
following is the summary of the estimated project costs:
EAST OF GREGG AVENUE: This portion of the Van Asche Boulevard Extension extends
from Gregg Avenue to the east to the existing portion of Van Asche Boulevard located in the
CMN Business Park II. This portion will be located entirely within a future phase of the CMN
Business Park. The following is the summary of the estimated project costs:
ITEM
QUANTITY
UNIT
UNIT
COST
TOTAL
Boulevard
Gregg St.)
Section (West of
3,520
L.F.
$740.05
$2,604,976.00
4 — Lane Section (near I-
540 and Hwy 112)
1,550
L.F.
$610.00
$945,500.00
TOTAL ESTIMATED CONSTRUCTION COST
$3,550,476.00
Engineering, Inspection, & Construction Management (12%)
$426,057.00
TOTAL PROJECT COSTS (WEST OF GREGG AVE.)
$3,976,533.00
EAST OF GREGG AVENUE: This portion of the Van Asche Boulevard Extension extends
from Gregg Avenue to the east to the existing portion of Van Asche Boulevard located in the
CMN Business Park II. This portion will be located entirely within a future phase of the CMN
Business Park. The following is the summary of the estimated project costs:
ITEM
QUANTITY
UNIT
UNIT
COST
TOTAL
Boulevard
Gregg St.)
Section (East of
1,410
L.F.
$740.05
$1,043,470.50
Scull Creek Bridge
150
L.F.
$4,845.85
$726,877.50
TOTAL ESTIMATED CONSTRUCTION COST
$1,770,348.00
Engineering, Inspection, & Construction Management (12%)
$212,440.00
TOTAL PROJECT COSTS (EAST OF GREGG AVE.)
$1,982,788.00
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C. 8
NANCHAR, Inc. and MSB Properties
LLC Supplemental Agreement
Page 10 of 14
This portion of the street extension located to the east of Gregg Avenue is subject to an
agreement with the developer's of the CMN Business Park II This agreement was recorded with
the final plat of the subdivision which states:
The Developer shall construct the connection from Van Asche to Gregg Street with the
completion of the sale of 75% of the property in Phase 1, as follows:
A. This portion of Van Asche Drive is classified as a principle arterial which requires
a right-of-way width in the amount of 110' to be dedicated to the City.
B. Pursuant to the October 6, 1998 City Council approval of the preliminary plat for
CMN II, Phase 1, "The developer shall construct at the developer's expense, two of
the proposed four lanes for the Steele and Van Asche Boulevards. If the City
Council is unable, or unwilling to participate in the cost -share for the construction
of any street or bridge that the developer, at the developer's expense provide a
minimum 36 ft. street for all sections of Steele, Van Asche and the bridge.
For Phase I of the boulevard construction of Steele and Van Asche Boulevards, the City paid for
50% of the construction costs and the CMN developer's paid for 50% of the construction costs
and 100% of the engineering, inspection & construction management. If this same agreement is
utilized for the Van Asche extension to the East of Gregg Street, the following will be the
estimated amounts for the City and the CMN developers:
CMN DEVELOPER'S SHARE:
Construction Cost (50%)
$885,174.00
Engineering, Inspection
& Construction Management (100%)
$212,440.00
CMN DEVELOPER'S SHARE OF ESTIMATED COSTS
$1,097,614.00
CITY'S SHARE:
Construction Cost (50%)
$885,174.00
CITY'S SHARE OF ESTIMATED COSTS
$885,174.00
SUMMARY OF PROJECT COSTS:
The following is a summary of the project costs for the entire Van Asche Boulevard extension
from the exi ting portion located in the CMN Business Park II to Arkansas Highway 112:
CMN Developer's portion in future phase of development
$1,097,614.00
City's Portion East of Gregg Street
$885,174.00
Estimated Costs West of Gregg Street
$3,976,533.00
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x$5,9 20., 0
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C. 8
NANCHAR, Inc. and MSB Properties
LLC Supplemental Agreement
Page 11 of 14 .
A concept drawing that depicts the scope of the Van Asche Extension project and the areas in
which the boulevard street section can be utilized is attached on the following sheet. Please note
that at the Scull Creek crossing, the street may need to be narrowed to a four lane section if a
bridge is utilized for the crossing or in order to reduce construction costs.
VAN ASCHE EXTENSION
CONCEPT STUDY
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C. 8
NANCHAR, Inc. and MSB Properties
LLC Supplemental Agreement
Page 8 of 14
The purpose of this study is to develop concept drawings and to detennine the costs to extend
Van Asche Boulevard from its existing terminus point located in CMN Business Park II, Phase I
to Highway 112.
PROPOSED STREET SECTIONS:
It is recommended that a Boulevard Section that matches the Steele and Van Asche Boulevards
in the CMN Business Park II and the City Master Street Plan be utilized for this proposed
extension where ever possible.
14'
4
110' MK
76'
14*
14'
6'
10'
PROPOSED BOULEVARD SECTION
10'
Due to the obstructions such as the I-540 overpass, existing businesses and residents, and large
utility facilities, a different street section will be necessary for portions of this extension. This
area is located from Highway 112 to the east under the I-540 overpass to approximately the
intersection with McGuire Street. The recommended section would match the City Minor
Arterial street section as contained in the Master Street Plan.
1r
12'
12'
i
. ._
0
10'
PROPOSED 4 -LANE SECTION
1
City of Fayetteville, Arkansas
Budget Adjustment Form
Budget Year
2005
Department:
Division:
Program:
Sales Tax Capital Improvements
Date Requested
2/15/2005
Adjustment Number
Project or Item Requested:
$1,982,788 is requested for street improvements in the
Van Asche Boulevard - Cost Sharing capital project.
Project or Item Deleted:
$1,032,788 from the Wilson Springs Proceeds
designated for Economic Development in General
Fund balance is proposed.
$950,000 from the Use of Fund Balance in the Sales Tax
Capital Improvements Fund is proposed.
Justification of this Increase:
Funds are needed to construct Van Asche Boulevard
from Steele Boulevard to Gregg Avenue. The total cost
of this project is paid from City funds with 50% being
paid back to the City in accordance with the provisions of
the cost share agreement with NANCHAR, Inc. and MSB
Properties, LLC.
Justification of this Decrease:
A portion of the proceeds from the sale of the Wilson
Springs property was designated for Economic
Development purposes. This project is located in
the CMN Business park.
This project was originally budgeted to begin in 2006, this
adjustment moves the project to 2005.
Sufficient funding remains to comply with City policy.
Account Name
Street improvements
Transf to Cap Improvement
Account Name
Transfer from General
Use of fund balance
Use of fund balance
Increase Budget (Decrease Revenue)
Account Number
4470 9470 5809 00
1010 6600 7602 47
Amount Project Number
1,982,788 05027 1
1,032,788
Decrease Budget (Increase Revenue)
Account Number Amount Project Number
4470 0947 6602 01
4470 0947 4999 99
1010 0001 4999 99
1,032,788
950,000
1,032,788
Approval Signatures
Requested By
Date
Budget Manager
Department Director
man Interna a ry ces Director
Mayor
Date
Dat
/O
D. to
2
D
Type: A
Budget Office Use Only
B C
Date of Approval
Posted to General Ledger
Posted to Project Accounting
Entered in Category Log
Initial
E
Date
Initial Date
Initial Date
Initial Date
CITY COUNCIL AGENDA MEMO
fi
/S k6-5 ttataAl
City Council Meet of: di3c
aaua.4Q2005 O�� I5 /55
Agenda Item Number: 3¢'05
RSritiridat f'/
TO: Mayor and City CouncilYam P5 C AL ed
THRU: Staff/Contract Review Committee
FROM: Ray M. Boudreaux, Director, Aviation and Econo
DATE: December 3, 2004
is bevelopment
SUBJECT: Van Asche construction project from Steele Crossing to Gregg St. and cost share
agreement between the City of Fayetteville, NANCHAR, Inc. and MSB Properties,
Inc.
RECOMMENDATION: Approve Supplemental Agreement between the City of Fayetteville and
NANCHAR, Inc. and MSB Properties, LLC (Owners/Developers of CMN Business Park) for Cost
Share of Construction of Van Asche, whereby the City will effect the design and construction of Van
Asche Blvd. from Steele Blvd. to Gregg Avenue and the Owners/Developers will pay their share of the
cost share when CMN Business Park II, Phase I reaches 75% sold to private developers or at the end
of five years whichever comes first. Direct the Mayor and Staff to design, advertise, receive bids and
construct Van Asche Blvd. from Steele Blvd. to Gregg Blvd. at its own cost and expense pending the
sale of properties or at the end of five years whichever comes first.
BACKGROUND: As retail and commercial development surrounding the Northwest Arkansas mall
continues to grow, the need for more street connectivity increases. Many solutions have been
considered to improve the conditions. Recent improvements to the Shiloh Dr./Fulbright Expressway
on ramp, near Target, was completed in an effort to ease congestion. Another access road to the retail
district is essential. Van Asche through CMN Phase II is that access road and satisfies that need.
An agreement has been negotiated among the parties and once approved along with the construction
concept will result in the new Van Asche Blvd , a new four land approach to the Fayetteville retail
district.
DISCUSSION: In an effort to preserve the growth of our retail sector through infrastructure
development, it is essential that the access to the retail district be improved. There is continuing
research into the problem and many concepts have been developed and reviewed. Long range fixes will
require coordination and approval ofAHTD as Fulbright Expressway is currently a State Highway and
most of the long term solutions involve Fulbright. Potential development along Fulbright will eventually
allow the expressway to be converted into a major City arterial street where it would then be possible to
design and build direct accesses into the Medical and Retail districts which would provide connectivity
from I-540 and between the medical and retail districts. This project to improve Van Asche from Steele
to Gregg continues to improve the current situation as an interim and much needed step in the right
direction.
BUDGET IMPACT: The total cost of the project including engineering is estimated to be
$1,982,788.00. The total would be paid from City funds with 50% being paid back to the City IAW
the provisions of the cost share agreement. Agreement allows for 50/50 cost share of actual costs
incurred.
Attachments: Staff Review Form
Cost Share Agreement
&ad Qteo_44 Seam,.. 1 azcG
fv ,Dude Ox. cQ//6-425'
i •
RESOLUTION NO.
A RESOLUTION TO APPROVE A SUPPLEMENTAL
AGREEMENT FOR COST SHARE OF EARLY
CONSTRUCTION OF VAN ASCHE BOULEVARD
WITH NANCHAR, INC., AND MSB PROPERTIES LLC
AND TO APPROVE A BUDGET ADJUSTMENT
OF $1,982,788.00
WHEREAS, the owners/ developers of the CMN Business Park
(NANCHAR, Inc. and MSB Properties LLC) agreed On October 6, 1998 pursuant
to the City Council approval of the Preliminary Plat of CMN Business Park II,
Phase I, that once 75% of the CMN Business Park II, Phase I had been sold to
private developers that: "The Developer shall construct at the Developer's
expense, two of the proposed four lanes for the Steele and Van Asche
Boulevards. If the City Council is unable, or unwilling to participate in the cost -
share for the construction of any street or bridge that the Developer, at the
Developer's expense provide a minimum 36 ft. street for all sections of Steele,
Van Asche and the Bridge"; and
WHEREAS, the City of Fayetteville and NANCHAR, Inc and MSB
Properties LLC agree that Van Asche should be built as soon as possible and that
the developers/ owners will reimburse the City for their agreed cost share of its
construction as soon as 75% of the land in CMN Business Park II, Phase I is sold
or within five (5) years of the completion of Van Asche (whichever is sooner),
and
WHEREAS, the cost estimate of construction of Van Asche as agreed with
all sidewalks, bridges, turnouts and intersections is $1,770,348.00 and the cost of
engineering, inspection and construction management is estimated to be
$212,440.00. Thus, the total estimated cost for this project is $1,982,788.00
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas
hereby approves the Supplemental Agreement for Cost Share Of Early
Construction of Van Asche Boulevard with NANCHAR, Inc. and MSB Properties
LLC. (Attached as Exhibit 1)
P
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Section 2: That the City Council of the City of Fayetteville, Arkansas
hereby approves the attached budget adjustment of $1,982,788.00 as estimated
engineering and construction costs for the Van Asche Boulevard Project east of
Gregg Avenue.
PASSED and APPROVED this 4th day of January, 2005.
ATTEST:
By:
SONDRA SMITH, City Clerk
APPROVED:
D RAFT
By:
DAN COODY, Mayor
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SUPPLEMENTAL AGREEMENT FOR COST SHARE
OF EARLY CONSTRUCTION OF VAN ASCHE BOULEVARD
The City of Fayetteville and the owners/developers of CMN Business Park
(NANCHAR, INC. and MSB PROPERTIES LLC) agree as follows:
WHEREAS, the owners/developers of the CMN Business Park
(NANCHAR, Inc. and MSB Properties LLC) agreed On October 6, 1998 pursuant
to the City Council approval of the Preliminary Plat of CMN Business Park II,
Phase I, that once 75% of the CMN Business Park II, Phase I had been sold to
private developers that: "The Developer shall construct at the Developer's
expense, two of the proposed four lanes for the Steele and Van Asche Boulevards.
If the City Council is unable, or unwilling to participate in the cost -share for the
construction of any street or bridge that the Developer, at the Developer's expense
provide a minimum 36 ft. street for all sections of Steele, Van Asche and the
Bridge."
WHEREAS, NANCHAR, Inc. and MSB Properties LLC agree that Van
Asche should be built as soon as possible and that they will reimburse the City for
their agreed cost share of its construction as soon as 75% of the land in CMN
Business Park II, Phase I is sold or within five (5) years of the completion of Van
Asche (whichever is sooner); and
WHEREAS, the cost estimate of construction of Van Asche as agreed with
all sidewalks, bndges, turnouts and intersections is $1,770,348.00 and the cost of
engineering, inspection and construction management is estimated to be
$212,440.00. Thus, the total estimated cost for this project is $1,982,788.00.
NOW, THEREFORE, in consideration of the above premises and the
mutual promises stated below, the City of Fayetteville and NANCHAR, Inc and
MSB Properties, LLC agree as follows:
1. The City of Fayetteville shall promptly cause the construction of Van
Asche as shown on the Final Plat of CMN Business Park II as further delineated
on Exhibit "A" to this agreement. Both the City of Fayetteville and the
owner/developers (NANCHAR, Inc. and MSB Properties LLC) must agree in
writing to the construction contract to build the Van Asche Boulevard Project
before this construction contract can become effective.
2. NANCHAR, Inc. and MSB Properties, LLC shall reimburse the City of
Fayetteville pursuant to the requirements of the 2001 Final Plat for its cost share.
• •
The City of Fayetteville, NANCHAR, Inc. and MSB Properties LLC agree that all
land necessary for the boulevard (110 foot wide right-of-way), intersections, etc
has been or shall be dedicated to the City without charge and that the total costs
for engineenng, inspection, construction management and construction shall be
shared equally between the City and the Developers (NANCHAR, Inc. and MSB
Properties LLC).
3. The Developers' 50% share of the project's total cost shall inflate at the
Consumers Price Index as published in the Bureau of Labor Statistics from the
date the Van Asche Boulevard Project east of Gregg Avenue is completed until the
Developers pay their 50% cost share.
4. NANCHAR, Inc. and MSB Properties LLC shall pay their reimbursable
cost share amount as soon as 75% of CMN Business Park II, Phase I has been sold
or within five years of the date of this contract, whichever is earlier
Developers/owners have a nght to pay their 50% cost share at any time earlier
than required.
5. The Large Scale Development and Final Plat of CMN Business Park II
approved in 2001 and Exhibit "A" shall be considered a part of this Contract.
6. If either party does not agree to the construction contract for the Van
Asche Boulevard Project east of Gregg Avenue by December 31, 2005, this
Supplemental Agreement For Cost Share Of Early Construction Of Van Asche
Boulevard is terminated, null and void
In Agreement With All The Terms And Conditions Above And In Witness
Whereof the parties hereto have set their hands and seals this day of
December, 2004.
By: By:
DAN COODY NANCY RUBECK,
Mayor NANCHAR, INC
Attest: By:
Sondra Smith, City Clerk CHARLOTTE STEEL,
NANCHAR, INC
By:
MARJORIE S. BROOKS
MSB Properties, LLC
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VAN ASCHE EXTENSION
CONCEPT STUDY
The purpose of this study is to develop concept drawings and to determine the costs to extend
Van Asche Boulevard from its existing terminus point located in CMN Business Park 11, Phase I
to Highway 112.
PROPOSED STREET SECTIONS:
It is recommended that a Boulevard Section that matches the Steele and Van Asche Boulevards
in the CMN Business Park II and the City Master Street Plan be utilized for this proposed
extension where ever possible.
1'y
14'
14'
110' MIN.
76
4'
14'
Om -
10'
PROPOSED BOULEVARD SECTION
-1'
Due to the obstructions such as the 1-540 overpass, existing businesses and residents, and large
utility facilities, a different street section will be necessary for portions of this extension. This
area is located from Highway 112 to the east under the I 540 overpass to approximately the
intersection with McGuire Street. The recommended section would match the City Minor
Arterial street section as contained in the Master Street Plan.
90'
J'
52'
12'
12'
12' 12
2
PROPOSED 4 -LANE SECTION
1
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ESTIMATED PROJECT COSTS:
Estimated unit costs were developed from the actual construction costs of the boulevards in the
CMN Business Park II with a 15% inflation factor and from the Arkansas Highway &
Transportation Department's list of 2004 construction costs. These unit costs were utilized to
determine the estimated construction costs. The street extension costs were examined separately
west of Gregg Avenue and East of Gregg Avenue in a future phase of the CMN Business Park.
WEST OF GREGG AVENUE: This portion of the Van Asche Boulevard Extension extends
from Gregg Avenue to the west to the intersection with Arkansas Highway No. 112. The
following is the summary of the estimated project costs:
EAST OF GREGG AVENUE: This portion of the Van Asche Boulevard Extension extends
from Gregg Avenue to the east to the existing portion of Van Asche Boulevard located in the
CMN Business Park II. This portion will be located entirely within a future phase of the CMN
Business Park. The following is the summary of the estimated project costs:
ITEM
QUANTITY
UNIT
UNIT
COST
TOTAL
Boulevard Section (West of
Gregg St.)
3,520
L.F.
$740.05
$2,604,976.00
4 — Lane Section (near I-
540 and Hwy 112)
1,550
L.F.
$610.00
$945,500.00
TOTAL ESTIMATED CONSTRUCTION COST
$3,550,476.00
Engineering, Inspection, & Construction Management (12%)
$426,057.00
TOTAL PROJECT COSTS (WEST OF GREGG AVE.)
$3,976,533.00
$1,982,788.00
EAST OF GREGG AVENUE: This portion of the Van Asche Boulevard Extension extends
from Gregg Avenue to the east to the existing portion of Van Asche Boulevard located in the
CMN Business Park II. This portion will be located entirely within a future phase of the CMN
Business Park. The following is the summary of the estimated project costs:
2
ITEM
QUANTITY
UNIT
UNIT
COST
TOTAL
Boulevard
Gregg St.)
Section (East of
1,410
L.F.
$740.05
$1,043,470.50
Scull Creek Bridge
150
L.F.
$4,845.85
$726,877.50
TOTAL ESTIMATED CONSTRUCTION COST
$1,770,348.00
Engineering, Inspection, & Construction Management (12%)
$212,440.00
TOTAL PROJECT COSTS (EAST OF GREGG AVE.)
$1,982,788.00
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• •
This portion of the street extension located to the east of Gregg Avenue is subject to an
agreement with the developer's of the CMN Business Park II. This agreement was recorded with
the final plat of the subdivision which states:
The Developer shall construct the connection from Van Asche to Gregg Street with the
completion of the sale of 7S% of the property in Phase I, as follows:
A. This portion of Van Asche Drive is classified as a principle arterial which requires
a right-of-way width in the amount of 110' to be dedicated to the City.
B. Pursuant to the October 6, 1998 City Council approval of the preliminary plat for
CMN 11, Phase 1, "The developer shall construct at the developer's expense, two of
the proposed four lanes for the Steele and Van Asche Boulevards. If the City
Council is unable, or unwilling to participate in the cost -share for the construction
of any street or bridge that the developer, at the developer's expense provide a
minimum 36ft. street for all sections of Steele, Van Asche and the bridge.
For Phase I of the boulevard construction of Steele and Van Asche Boulevards, the City paid for
50% of the construction costs and the CMN developer's paid for 50% of the construction costs
and 100% of the engineering, Inspection & construction management. If this same agreement is
utilized for the Van Asche extension to the East of Gregg Street, the following will be the
estimated amounts for the City and the CMN developers:
CMN DEVELOPER'S SHARE:
Construction Cost (50%)
$885,174.00
Engineering, Inspection & Construction Management (100%)
$212,440.00
CMN DEVELOPER'S SHARE OF ESTIMATED COSTS
$1,097,614.00
CITY'S SHARE -
Construction Cost (50%)
$885,174.00
CITY'S SHARE OF ESTIMATED COSTS
$885,174.00
SUMMARY OF PROJECT COSTS:
The following is a summary of the project costs for the entire Van Asche Boulevard extension
from the existing portion located in the CMN Business Park II to Arkansas Highway 112:
CMN Developer's portion in future phase of development
$1,097,614.00
City's Portion East of Gregg Street
$885,174.00
Estimated Costs West of Gregg Street
$3,976,533.00
TOTAL ESTIMATED PROJECT COSTS
$5,959,323.00
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