Fiscal Note
The proposed resolution authorizes the award of Public Works Contract No. 9050, Olin Park Facility Improvements, and amends the 2021 Adopted Capital Budgets of the Parks Division and Engineering - Facilities Management. The budget amendment transfers General Obligation borrowing from two projects into the Olin Park Building project to support overall project costs.
The current funding for the project (MUNIS project 12856-51-140) is sufficient to fund the following:
BID for Construction (JP Cullen & Sons, Inc.): $3,221,219
8% Construction Contingency: $ 257,697
Total $3,478,916
Additional General Project Costs (LEED registration, FFE, etc.) are estimated at $313,500 for an estimated total project cost of $3,792,416. The Parks Division has identified two projects that have available funding that can be transferred to cover the total estimated cost of the Olin Park Building project. The proposed budget amendment transfers include:
-$150,000 from Warner Park Beach Shelter (MUNIS 11971) to the Olin Park Building project (MUNIS 12856). The Warner project is complete and the identified amount is residual funding.
-$230,000 from Warner Drive and Lot (MUNIS 13505) to the (MUNIS 12856). The Warner drive and lot project is on hold and is not in the current work plan. Parks will introduce a new funding request in future budget cycles.
The budget amendment provides sufficient budget authority to award Public Works Contract No. 9050 and complete the renovation improvements. No additional appropriation is required.
Title
Awarding Public Works Contract No. 9050, Olin Park Facility Improvements and Amending the 2021 Adopted Capital Budgets of the Parks Division and Engineering-Facilities Management. (13th AD)
Body
WHEREAS, in February 2019 the City of Madison Parks Division acquired the former Wisconsin Medical Society properties at 330 and 342 E Lakeside Street; and
WHEREAS, the 330 E. Lakeside Street parcel included an existing 43,000...
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