Finance Committee - 11/18/2020 Page 10
A viva voce roll call was taken which resulted as follows:
Yea: Alderman Klee, Alderwoman Lu, Alderman Harriott-Gathright,
Alderwoman Kelly, Alderman Laws, Alderman O’Brien, Mayor Donchess 7
Nay: 0
MOTION CARRIED
UNFINISHED BUSINESS - None
NEW BUSINESS — RESOLUTIONS
R-20-093
Endorsers: Mayor Jim Donchess
Alderman-at-Large Ben Clemons
Alderman Richard A. Dowd
Alderman Patricia Klee
Alderman Linda Harriott-Gathright
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman Skip Cleaver
Alderman-at-Large Lori Wilshire
APPROVING THE GUARANTEED MAXIMUM PRICE AMENDMENT FOR THE PERFORMING ARTS
CENTER
MOTION BY ALDERMAN HARRIOTT-GATHRIGHT TO RECOMMEND FINAL PASSAGE, BY ROLL CALL.
ON THE QUESTION
Mayor Donchess
And that is Resolution 20-093. | believe Mr. Cummings is here on this item?
Tim Cummings, Director of Economic Development
Yes good evening Mayor.
Mayor Donchess
Could you please brief the Committee on the features of this Resolution?
Director Cummings
Certainly, again, Tim Cummings, Director of Economic Development for the City. And the Resolution before
you is the furtherance to a contract that was already approved by this body relative to the construction
management of the Performing Arts Center. We are now at a time where we have a guaranteed maximum
price which is $15,821,890.00. This number is actually pretty much spot on with what was previously
discussed. It is slightly higher by about $18,000.00 from the previous estimate that was done. The estimate
that was referenced during public comment in January of 20, that was a very early estimate, there have been
two or three estimates done subsequent to that one that was done in January.
The $15.8 represents hard construction numbers, hard bids that have been given. There was an approximate
overage of $800,000.00 that did come in when this was bid in August. What you see is a lot of value
engineering that was done over the last month or so which brought the figure down by some $780,000.00
which brings it back into line of the $15.821.
