5.6. SR 05-06-1996 - Laserfiche WebLink

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consider "loaning" youth hockey this money with an understanding that they will repay this $50,000 to the city over the next five years. Youth hockey can't pay this money now due to their commitment for various components of the project as noted above. Accordingly, the city may have to come up with $100,000 for this project if it is to "loan" youth hockey $50,000 and make its $50,000 contribution. The two sources of city funds for this project that I know of are the RDF contributions and the liquor store reserves. The RDF contributions are currently being used for the purchase of the Cass property, but we expect this money to be recaptured in a year or so. This doesn't help us too much when we need the money in 1996 for the contractors. The liquor store funds are available, but using $100,000 for this project may delay the construction of a second liquor store. (Based on our meeting with the liquor store architect and his cost estimates for a new store, the project, from a financial point of view, may have to be delayed a year regardless of this ice arena financial commitment.) RSP, Mortenson, and I.C.E. have all reviewed and analyzed the ice arena bids. Please see the attached material from Mortenson and I.C.E. regarding the low responsible bidders for this project. Staff concurs with the recommendations as outlined in the attached material. Staff recommends approval of these bids contingent upon the banks making a commitment to the $2.1 million amount at a competitive interest rate. The timeframe for this project calls for substantial completion 215 days after awarding the bids and signing the contracts. This puts substantial completion into early December, so it is imperative to have this project move forward as soon as possible in order to facilitate the obtaining of ice rental contracts. In working on this project over the past few years, a number of adjustments and changes have happened with the project. This has necessitated additional work from the architects. This additional work was requested by the Task Force and the Task Force is recommending approval of the RSP change order as outlined in the attached material. The Council has been aware that RSP helped with the submission of the Mighty Ducks grant application and this is one part of the change order. Another part of the change order is the design development changes that were requested by the Task Force. The final, and biggest, part of the change order relates to the fact that the project was simply too expensive as originally designed and this did not become apparent until after the construction plans had developed to a certain stage. Once this became apparent, the Task Force ordered the size of