ACTION REQUESTED:
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Communication from the City Manager and Director of Public Works with a Request for the Following:
A. APPROVE a CONTRACT AMENDMENT, Budget Amendment #1, to the GLEN AND SHERIDAN ROAD CULVERT PROJECT, in the Amount of $60,796.80, for a Total Budgeted Amount of $479,789.00 (Council District 3)
B. ADOPT an ORDINANCE Amending the City of Peoria 2021 REVISED ANNUAL BUDGET Relating to Stormwater Utility Enterprise Fund to Additional Provide Funding for the GLEN AND SHERIDAN ROAD CULVERT PROJECT in the Amount of $60,796.80 and Recognize the Receipt of the Property Owners Share in the Amount of $34,259.16.
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BACKGROUND: After further communication with the owner, the revisions are appropriate to move forward to make payment to the contractor and complete the project. Red Carpet Properties, Inc. owns the property identified as 711 W. Glen Avenue (the "Property") within the City of Peoria. Red Carpet Properties, Inc. The Property has a large stormwater drainage improvement underneath private property but connecting public infrastructure. The stormwater infrastructure needed to be replaced and it was in the best interests of the City to have the infrastructure placed both in the public right of way and in a public easement. Council approved the agreement defining the scope and responsibilities of the parties jointly undertaking the construction of new stormwater drainage improvements on the Property in Council Item 20-068.
The Glen Ave. and Sheridan Rd Culvert Project was advertised, and bids were opened on July 24, 2020 and Council awarded August 11, 2020.
Due the agreement, some of the items are City only items, some are property owner only items, and some are split 50%-50% between the City and the property owner. The City will hold the contract, will pay the pay estimates, and will invoice the Property Owner for their share of the cost. The final construction cost for the City is $249,641.29.
The additional expenses on the project...
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