7.3. SR 06-20-2005 - Laserfiche WebLink

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Executive Committee Agenda Item #4 NCDA Agenda Item #2b NPO MEMO Northstar Project Office Ceresota Building 155 Fifth Avenue South Suite 300 Minneapolis, MN 55401 '~ ~ ~ ~'IIDIITHSTJUI ~U'L Phone: 612-215-8200 Fax: 612-215-8210 DMC Number: File Code1: File Code 2: File Code 3: To: NCDA Executive Committee / Capital Budget Committee NCDA FROM: Mike Schadauer, Deputy Director of Budget, Grants, and Project Controls DATE: May 27, 2005 SUBJECT: Northstar Project Office: Approval of Move Expenditures Copy: DMC In the topic covering the lease for the Northstar Project Office at the April NCDA Board meeting, an estimate of $70,000 in space preparation and related moving costs was discussed. These costs include the following: · Existing wall demolition and space preparation · Modular furniture takedown, re-installation, and move of contents . Move of phone system . Data and phone wiring · Network server room infrastructure . Electrical wiring · Design services and move coordination Early lease negotiations included this $70,000 amount as an amortized cost to be paid back over the life of the lease with interest. As lease negotiations progressed, however, this amortized amount was reduced to approximately $47,000, thereby reducing the amount subject to future interest. The amount over $47,000, or up to $23,000 in move costs, will have to be paid in full as they occur. The project management team will keep these costs as low as practical. Action Requested: That the Executive Committee/Capital Budget Committee recommends that the NCDA authorize the Executive Director to spend up to $23,000 for Northstar Project Office move expenses.