ORDINANCE NO. 250272
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Sponsor: City Manager's Office
Establishing Fund No. 3456, 2026A Taxable Special Obligation Bond Fund; estimating $30,000,000.00 and appropriating the same for the purpose of providing funds for the reconstruction of the Barney Allis Plaza/Auditorium Plaza Garage complex; authorizing a fourth amendment in the amount of $27,092,347.00 to an agreement with McCown Gordon Construction, LLC, for Guaranteed Maximum Price No. 4 (GMP-4) with a total contract price of $118,487,608.00 for plaza level improvements, perimeter construction, and one story retail of Barney Allis Plaza; authorizing the Director of Finance to close project accounts upon project completion; and establishing May 1, 2025 as the effective date of this ordinance.
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WHEREAS, the City Council passed Ordinance No. 240313 approving a plan of finance for the demolition and reconstruction of Barney Allis Plaza/Auditorium Plaza Garage complex which plan contemplated the financing of the project by the issuance of bonds in the amount of $90,000,000.00 in FY2025 and $30,000,000.00 in FY2026; and
WHEREAS, Ordinance No. 240313 estimated and appropriated the sum of $90,000,000.00 million in FY2025 for the demolition and reconstruction of Barney Allis Plaza in accordance with the approved plan of finance; and
WHEREAS, the City and McCown Gordon Construction, LLC, entered into a design build contract and related amendments in the amount of $91,395,261.00 consisting of design and public engagement services in the amount of $4,264,000.00; GMP-2 approved by Ordinance 240473 in the amount of $21,688,467.00 for demolition, shoring, excavation, and utility work; and GMP-3 approved by Ordinance No. 241028 in the amount of $65,442,456.00; and
WHEREAS, the City has received the GMP-4 which includes cost of plaza level improvements, perimeter construction, and construction of a one-story retail in the amount of $27,092,347.00; and
WHEREAS, it is necessar...
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