HomeMy WebLinkAbout115-15 RESOLUTIONRESOLUTION NO. 115-15
A RESOLUTION TO AUTHORIZE A CONTRACT WITH COLLEGE
MARKETPLACE (FAYETTEVILLE), LLC IN THE AMOUNT OF $186,202.50
FOR PAYMENT OF THE COSTS ASSOCIATED WITH THE INSTALLATION
OF A TRAFFIC SIGNAL AT COLLEGE AVENUE AND MASONIC DRIVE,
AND TO APPROVE A BUDGET ADJUSTMENT
WHEREAS, Resolution No. 92-14, which was passed on May 6, 2014, expressed the City
Council's intention to pay for the installation of a traffic signal at College Avenue and Masonic
Drive if Whole Foods, Inc. constructed its store near that intersection, and also approved a budget
adjustment in the amount of $150,000 for the estimated cost of the traffic signal; and
WHEREAS, construction of the Whole Foods store is underway and installation of the traffic
signal is substantially completed at a final cost of $186,202.50, necessitating a budget adjustment
to cover the difference between the original estimated cost and the actual verified cost.
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 authorizes the Mayor
to sign a contract with College Marketplace (Fayetteville), LLC in the amount of $186,202.50 for
payment of the costs associated with the installation of the traffic signal at College Avenue and
Masonic Drive.
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to this Resolution, in the amount of $36,203.00.
PASSED and APPROVED this 7t' day of July, 2015.
APPROVED: ATTEST:
B By:
LIONEL O AN, Mayor SONDRA E. SMITH, City Clerk Treasurer
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City of Fayetteville, Arkansas 113 West Mountain Street
<_ Fayetteville, AR 72701
8 (479) 575-8323
Text File
File Number: 2015-0293
Agenda Date: 7/7/2015 Version: 1 Status: Agenda Ready
In Control: City Council Meeting File Type: Resolution
Agenda Number: A. 8
COLLEGE MARKETPLACE (FAYETTEVILLE), LLC
A RESOLUTION TO AUTHORIZE A CONTRACT WITH COLLEGE MARKETPLACE
(FAYETTEVILLE), LLC IN THE AMOUNT OF $186,202.50 FOR PAYMENT OF THE COSTS
ASSOCIATED WITH THE INSTALLATION OF A TRAFFIC SIGNAL AT COLLEGE AVENUE
AND MASONIC DRIVE, AND TO APPROVE A BUDGET ADJUSTMENT
WHEREAS, Resolution No. 92-14, which was passed on May 6, 2014, expressed the City Council's
intention to pay for the installation of a traffic signal at College Avenue and Masonic Drive if Whole
Foods, Inc. constructed its store near that intersection, and also approved a budget adjustment in the
amount of $150,000 for the estimated cost of the traffic signal; and
WHEREAS, construction of the Whole Foods store is underway and installation of the traffic signal is
substantially completed at a final cost of $186,202.50, necessitating an additional budget adjustment to
cover the difference between the original estimated cost and the actual verified cost.
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 authorizes the Mayor to
sign a contract with College Marketplace (Fayetteville), LLC in the amount of $186,202.50 for payment
of the costs associated with the installation of the traffic signal at College Avenue and Masonic Drive,
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to this Resolution, in the amount of $36,203.00.
City of Fayetteville, Arkansas Page 1 Printed on 7/6/2015
City of Fayetteville Staff Review Form
2015-0293
Legistar File ID
7/7/2015
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
Paul Libertini 6/18/2015 Engineering /
Development Services Department
Submitted By Submitted Date Division / Department
Action Recommendation:
A Resolution to approve a Contractual Agreement with College Marketplace (Fayetteville), LLC in which the City
agrees to pay the cost of $186,202.50 for the installation a traffic signal at the intersection of College Avenue and
Masonic Drive, and to approve a Budget Adjustment.
Budget Impact:
4520.9555.5809.00
Account Number
06035.4000
Project Number
Sales Tax Construction Bonds
Fund
Cost Shares/Contingency
Project Title
Budgeted Item? Yes Current Budget
Funds Obligated
Current Balance
Does item have a cost? Yes Item Cost
Budget Adjustment Attached? Yes Budget Adjustment
Remaining Budget
Previous Ordinance or Resolution # 92-14
Original Contract Number:
Comments:
$ 150,000.00
$ 150,000.OQ
$ 186,202.50
$ 36,203.00
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V20140710
Approval Date I a A�
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CITY OF
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ARKANSAS
MEETING OF JULY 7, 2015
TO: Mayor and City Council
CITY COUNCIL AGENDA MEMO
THRU: Don Marr, Chief of Staff
Jeremy Pate, Development Services Director
Chris Brown, City Engineer
FROM: Paul Libertini, Staff Engineer
DATE: June 18, 2015
SUBJECT: A Resolution to approve a Contractual Agreement with College Marketplace
(Fayetteville), LLC in which the City agrees to pay the cost of installing a
traffic signal at the intersection of College Avenue and Masonic Drive, and
to approve a Budget Adjustment.
RECOMMENDATION:
Staff recommends approval of the attached Contractual Agreement with College Marketplace
(Fayetteville), LLC in the amount of $186,202.50 for the installation of the subject traffic signal.
BACKGROUND:
On May 6, 2014, the Fayetteville City Council passed and approved Resolution No. 92-14
expressing the City Council's intention to pay for the installation of a traffic signal at College
Avenue and Masonic Drive, if Whole Foods, Inc. constructs its store at this intersection. This
resolution also approved a budget adjustment of $150,000.00 for the estimated cost of the
installation of the traffic signal and appurtenances.
DISCUSSION:
The traffic signal installation is substantially complete and has been installed per the approved
engineering plans. The actual construction cost as supported by the attached invoices for the
traffic signal and appurtenances is $186,202.50. This includes the cost of $10,520.00 for
construction staking, concrete flatwork for ADA ramps, and pavement markings (striping) of the
intersection. College Marketplace (Fayetteville), LLC has requested that the City issue a partial
payment for $150,000.00, and staff has submitted a check request to the Accounting
Department as of June 17th. Staff has reviewed the pay estimate submitted by the S.J. Collins
Enterprises and recommends reimbursement of $186,202.50. The attached Budget
Amendment is requested to cover the difference in costs from the original estimate to the actual
costs as verified.
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701