Background/Discussion
In 2012, the City began purchasing property along the 1st Avenue corridor as part of its West Broadway Redevelopment Plan. The first large property purchase was the Bunge grain elevators with structure demolition completed in 2014. Demolition did not include complete site restoration due to insufficient funds. In 2014, the City purchased the Interstate Echo Corporation and Echo Group properties located along 2nd Avenue which included six parcels from 30th to 35th Streets. The project included demolition and restoration of 3036 and 3426 2nd Avenue as well as site restoration on the north side of the 3100 block along 1st Avenue.
The low bid for the project was submitted by Anderson Excavating for $463,453.50.
In August, Anderson Excavating completed the site work per design specifications. The buildings were demolished and the sites restored to accommodate future redevelopment.
The final project financials can be summarized as follows:
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Original contract amount
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463,453.50
|
|
Change Order #1
|
2,640.00
|
|
Change Order #2
|
4,500.00
|
|
Final contract amount
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$470,593.50
|
|
Liquidated damages deduction
|
-
|
|
Retainage Due to Contractor (5%)
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$23,529.68
|
The project engineer has inspected the work covered under this contract, finds the work complete and recommends the City accept the improvements.