Loading...
387-2001 RESO RESOLUTION NO. 387-2001 A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY APPROPRIATING $3,184,054 FROM SOUTH POINTE TAX INCREMENT FUNDS, IN ACCORDANCE WITH THE SETTLEMENT AGREEMENT AMONGST THE CITY OF MIAMI BEACH, THE MIAMI BEACH REDEVELOPMENT AGENCY, AND WEST SIDE PARTNERS LIMITED, WITH RESPECT TO (A) ONE-THIRD OF THE CONSTRUCTION STAGING COSTS; (B) FIFTY PERCENT (50%) OF THE TEMPORARY CURB CUT COSTS; (C) OBLIGATIONS PURSUANT TO THE PARKING LICENSE AGREEMENT; (D) A FIFTY PERCENT (50%) SHARE OF THE ENVIRONMENTAL REMEDIATION COSTS FOR SSDI-NORTH; (E) UTILITY RELOCATION COSTS; AND (F) SEAWALL CONSTRUCTION AND REHABILITATION COSTS ALONG SSDI-SOUTH, REQUIRED PURSUANT TO THE AMENDED AND RESTATED GRANT OF BAYW ALK EASEMENT. WHEREAS, in November 1995, the City of Miami Beach, the Miami Beach Redevelopment Agency and the Portofino Group entered into a Development Agreement which was terminated in June 1997; and WHEREAS, in October 1998, the parties entered into a Settlement Agreement that transferred the deed to SSDI-North (which was held in escrow) to West Side Partners, Limited and sets forth the obligations ofthe parties with respect to the Development of SSDI-North and SSDI- South parcels; and WHEREAS, as part of the Settlement Agreement between the City of Miami Beach, the Miami Beach Redevelopment Agency and West Side Partners Limited, it was contemplated that West Side Partners would develop the SSDI-North parcel in two stages; and WHEREAS, the Developer, The Related Companies (TRG), which is purchasing the property from West Side Partners, has provided notice that it intends to develop SSDI-North parcel and anticipates commencement of construction in September 2001; and WHEREAS, construction on SSDI-North will consist of two high rise towers and related amenities as approved and reflected in the concept plan, modified by Resolution No. 2001-24349 adopted by the City Commission on April 18, 2001; and WHEREAS, construction sequence requirements dictate that construction initiate along the southerly portion ofSSDI-North which must be completed before the northerly portion is developed; and WHEREAS, in connection with this construction commencement, several pre-construction activities must occur on SSDI-North and adjacent properties to support the proposed Murano Grande construction activities; and WHEREAS, the City/RDA has certain financial obligations pursuant to the Settlement Agreement for the pre-construction activities; and WHEREAS, the construction staging area consists of the following: Closure of the westernmost lane of Alton Road; Closure of the sidewalk along the west Alton Road right-of-way; Removal ofthe existing landscaped median along the centerline of Alton Road; Relocation of the existing coconut palms and live oaks to the City's Ocean Beach Park; Roadway base construction and pavement to provide for two lanes of traffic; and Temporary street lighting; and WHEREAS, the City is to bear one-third of the costs associated with the construction of these temporary improvements as well as one-third of the costs associated with the restoration of Alton Road to comply with the South Point Streetscape Master Plan design section; and WHEREAS, West Side Partners and the Marina Lessee will pay the remaining two-thirds of the costs; and WHEREAS, the estimated budget to realign Alton Road to accommodate the Murano Grande construction staging area is approximately $146,410, of which the City/RDA is responsible for one-third, or $48,800; and WHEREAS, a component of the parking area construction consists of a curb cut construction at Alton Road; and WHEREAS, the curb cut at Alton Road is required to provide access from Alton Road to the SSDI-North: North Lot parking area; and WHEREAS, this sole access point will allow the Marina's tenants to access the parking area from Alton Road; and WHEREAS, the estimated costs to implement the Alton Road curb cut is approximately $27,286 and the City/RDA will pay for 50% of this cost or $13,643; and WHEREAS, during the implementation of the environmental remediation on SSDI-North and subsequent construction, the City and its Lessee, the Miami Beach Marina, would be granted, via a Parking License Agreement, parking spaces on the Portofino Parcels (Alaska, Goodman, Hinson Parcels) to replace the same number of parking spaces no longer available on SSDI-North; and WHEREAS, the estimated cost of these substitute parking facilities is estimated at $928,784 of which the City/RDA is responsible; and WHEREAS, one of the surviving provisions of the 1995 agreement with Portofino addresses environmental assessment and remediation ofSSDI-North; and WHEREAS, there are two contamination sites located on the SSDI - North property requiring remediation prior to the initiation of the foundation work for the Murano Grande development; and WHEREAS, the work consists of the following activities: Excavation of contaminated soils; Disposal of the contaminated soils at an approved hazardous waste facility; Relocation of landscaping trees to accommodate the work effort; and Restoration of the asphalt pavement to restore the existing Marina parking area; and WHEREAS, the estimated costs to remediate the 2 sites approximate $219,244 and $115,423, respectively, of which the City/RDA is responsible for 50% of the cost or $167,334; and WHEREAS, as part of the Settlement Agreement, the parties entered into a Grant of Baywalk Easement which, among other things, provides for the City/RDA to fund the costs and expenses associated with the physical relocation of the utilities within the SSDI-North property, including the relocation of the above ground electrical boxes; and WHEREAS, at this time, TRG's contractor has provided only the cost estimate of relocating electrical utility lines at an estimated cost of$I,244,459, for which full payment responsibility lies with the City/RDA; and WHEREAS, approximately 500 Linear feet of deteriorated seawall from the existing Yacht Club south to Pier L must be rehabilitated per the Settlement Agreement; and WHEREAS, approximately 190 linear feet of new seawall is required between the southerly limits of Pier "L" to Pier "M"; and WHEREAS, the estimated costs for the rehabilitation of the existing seawall and to construct the new seawall sections are approximately $426,985 and $354,046, respectively of which the City/RDA is responsible for 100% of this cost. NOW THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MAIMI BEACH REDEVELOPMENT AGENCY OF THE CITY OF MIAMI BEACH, FLORIDA, that the Chairman and Secretary herein appropriate $3,184,054 from South Pointe Tax Increment Funds, in accordance with the Settlement Agreement amongst the City of Miami Beach, the Miami Beach Redevelopment Agency, and West Side Partners Limited, with respect to (A) One-third of the construction staging costs; (A) Fifty percent (50%) of the temporary curb cut costs; (C) Obligations pursuant to the parking license agreement; (D) A fifty percent (50%) share ofthe environmental remediation costs for SSDI-North; (E) Utility relocation costs; and (F) Seawall construction and rehabilitation costs along SSDI-South, required pursuant to the Amended and Restated Grant ofBaywalk Easement. PASSED and ADOPTED this 27fu day ofJune, 2001. CHAIRMAN IJI!/; ATTEST: [&vtd" f CU-~ APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION SECRETARY ~y~ &~~~) _ ~ ale JMG/CMC/rar T:\AGENDA\20011JUN:Z701\RDA\MURANO.RES BUDGET ESTIMATE TABULATION SHEET Area of Work Estimated Budget I 1. Alton Rd. staging area (realigmnent) $ 146,410.00 2. Alton Rd. Curb Cut for Marina Operator Parking Lot (North or Causeway Lot) $ 27,286.00 3. Temporary Parking Lots . Alaskan Parcel . Causeway (North SSm) . Block 51. Lots 5 through 9 $ 585,642.00 $ 186,265.00 $ 156.877.00 Subtotal $ 928,784.00 4. Environmental Remediation in ssm North . NEF-I (northeastern portion of ssm North) $ 219,244.00 . NEF-2 (eastem-centra1 portion of ssm North) $ 115,423.00 . Sheet pile wall (SW portion of ssm North I ME Marina $ 306,125.00) (item to be discussed in the July 18 commission meeting) Subtotal $ 334,667.00 5. Electrical utility relocation (primary and secondary service) $1,244,459.00 6. Seawall Work . ssm South: new wall section & repair south of pier "L" Option 1 $ 287,496.00 . Option 2 add $ 66,550.00 . ssm South 460 LF of wall repair north of pier "L" Option I . Option 2 add $ 66,550.00 . Option 3 deduct $ 106,480.00 . Option 4: deduct $ 39,930.00 $ 360,435.00 . ssm North repair wall section (item to be discussed in the July 18 commission meeting) . Option I $ 705,600.00 . Option 2 add $ 130,050.00 . Option 3 deduct $ 208,350.00 . Option 4 deduct $ 78,300.00 Subtotal $ 647,931.00 I Grand Total $3,329,537.001 ~ VI.B WATER MAIN RELOCATION VIl.B SEAWALL WORK ssm NORTH V.C U.G. STORAGE TANK FARM ~ Ub ...~ \<'", ...,L VI.A ELECTRICAL RELOCATION VIl.A SEAWALL WORK ssm SOUTH ~ LEGEND ll. ALTON ROAD STAGNG AREA !R'-AlICHAOO) III . mt'ORARY elm CUT NORTH LOT IV . 1B.f>ORARY PARKIiG LOTS IV.A . AlASKAN PARCEl IV.B . SSDlNORTH IV.C . ELOCK 51, LOTS 5 TO 9 V . E1Ml<lI'AENTAl RE\EllA'OON V.A .IEF~l V.B ."'F-2 V.C . U!lS'l'"OOAGETANKFARU VI.A . U1l1TY fELOCATlONS ElECTllCAL VI.B . Ul1JTY RELOCAllONS WATEfl MAN VU.A . SEAWAll. WOf>( sro SOllll< VIl.B . SEAWAlL WORK SSO< NORTH - ~ - 1- I~ L~- ~ .. -.--.--.--" 51h STREET ======== c....- ---------::;, c....- -------" I ssm -,,'-" -, i-;:~\-": I " " , It" n r I :, :, :; ': '-i'fif~! C 'L~ L L c" c_" r---'''-'r~_ r.... ;~;:ci~;~~ , , L__-_-'J j C-_-_Jr~ r------,,4 , " c_____OL...J -; I'ri, , ~-1, i--~ [J [==:: UC~~J _~ _J-, ~_J _1 r__f"~_f~ IV.C BLOCK 51 LOTSS'9 t CITY OF MIAMI BEACH SOUTH pOlNTE PARK ~ or GRAPHIC SCAI..E: '" '" 100' Go~...., CIJ~ EXHIBIT 1 MURANO GRANDE CITY OF MIAMI BEACH REDEVELOPMENT AGENCY MEMORANDUM NO. 6/~33 CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH. FLORIDA 33139 hllp:\\ci.miami-beach.fl.us TO: FROM: SUBJECT: Chairman and Members of the Board of the Miami Beach Redevelopment Agency Jorge M. Gonzalez ~.c. Executive Director DATE: June 27, 2001 A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY APPROPRIATING $3,184,054 FROM SOUTH POINTE TAX INCREMENT FUNDS, IN ACCORDANCE WITH THE SETTLEMENT AGREEMENT AMONGST THE CITY OF MIAMI BEACH, THE MIAMI BEACH REDEVELOPMENT AGENCY, AND WEST SIDE PARTNERS LIMITED, WITH RESPECT TO (A) ONE-THIRD OF THE CONSTRUCTION STAGING COSTS; (B) FIFTY PERCENT (50%) OF THE TEMPORARY CURB CUT COSTS; (C) OBLIGATIONS PURSUANT TO THE PARKING LICENSE AGREEMENT; (D) A FIFTY PERCENT (50%) SHARE OF THE ENVIRONMENTAL REMEDIATION COSTS FOR SSDI-NORTH; (E) UTILITY RELOCATION COSTS; AND (F) SEAWALL CONSTRUCTION AND REHABILITATION COSTS ALONG SSDI-SOUTH, REQUIRED PURSUANT TO THE AMENDED AND RESTATED GRANT OF BAYW ALK EASEMENT. RECOMMENDATION: Adopt the Resolution. ANALYSIS: In November 1995, the City of Miami Beach, the Miami Beach Redevelopment Agency and the Porto fino Group entered into a Development Agreement which was terminated in June 1997. In October 1998, the parties entered into a Settlement Agreement that transferred the deed to SSDI- North (which was held in escrow) to West Side Partners, Limited and sets forth the obligations of the parties with respect to the Development ofSSDI-North and SSDI-South parcels. As part of the Settlement Agreement between the City of Miami Beach, the Miami Beach Redevelopment Agency and West Side Partners Limited, it was contemplated that West Side Partners would develop the SSDI-North parcel in two stages. The Developer, The Related Companies (TRG), which is purchasing the property from West Side Partners, has provided notice that it intends to develop SSDI-North parcel and anticipates commencement of construction in September 2001. AGENDA ITEM 3 A- DATE ~-'L7-(J L June 27, 2001 RDA- Commission Memorandum Environmental Remediation Costs for SSD1-North Page 2 Construction on SSDI-North will consist of two high rise towers and related amenities as approved and reflected in the concept plan, modified by Resolution No. 2001-24349 adopted by the City Commission on April 18, 2001. Construction sequence requirements dictate that construction initiate along the southerly portion of SSDI-North which must be completed before the northerly portion is developed. In connection with this construction commencement, several pre-construction activities must occur on SSDI-North and adjacent properties to support the proposed Murano Grande construction activities. The City/RDA has certain financial obligations pursuant to the Settlement Agreement for the pre-construction activities. A description of each pre-construction activity is presented herein. Construction Scope and Estimated Costs Pursuant to the Agreement, TRG has retained the services of various professionals to design, permit and construct the various improvements. Detail design efforts are approximately 80 percent complete. In an effort to obtain budget level cost estimates for the various improvements, TRG requested its Contractor, KVC Constructors, Inc. (KVC), to obtain bids for certain sub-trades with specialties in certain areas of work. In many cases a minimum of two bids were obtained to develop the basis for the estimate. The estimates presented herein include the costs and certain allowances to perform the scope of work and its ancillary items. It is noted that permitting requirements as well as existing site conditions may alter the character of the work to be implemented, thereby increasing/decreasing the associated construction costs. It is anticipated that upon completion of the detail design efforts, the following procedure will be utilized to develop final construction costs: . Performance of a constructability review by a third party, Hazen and Sawyer . Submittal of the plans to a minimum of three qualified contractors for each sub-trade . The lowest, qualified bidder(s) (as determined by the City/RDA and TRG) will be retained to perform the work Hazen and Sawyer shall serve as the City's coordinator with respect to the City's obligations as they relate to the Settlement Agreement Construction bids obtained by TRG will be reviewed by Hazen and Sawyer. Progress payment requisitions prepared by the Contractor(s) will be reviewed by Hazen and Sawyer and recommended for payments to the City/RDA. Please note that the majority of the costs are to be borne by the City/RDA and others and it is in the interest of all entities to negotiate the lowest 1 most qualified bides) to perform the work. The estimates presented herein are for appropriation purposes only and are not intended to be final construction cost estimates. KVC will provide Agreements prior to their execution for the City's review and comment as well as provide the actual bids obtained from each contractor(s). June 27, 2001 RDA- Commission Memorandum Environmental Remediation Costs for SSD1-North Page 3 The City/RDA's obligations in connection with SSDI-North are as follows: Total City 1 RDA City 1 RDA Work Item Description Estimated Obligation Cost Costs Construction Staging Area $146,410 One-third $48,803 (Area II) Temporary Curb Cut $27,286 Fifty percent $13,643 (Area III) Displaced Parking Relocation $928,784 One hundred $928,784 (Areas IV A, B and C) percent SSDI - North Environmental Remediation $334,667 Fifty percent $167,334 (Areas V A and B) Utility Relocations $1,244,459 One hundred $1,244,459 (Area VI A) percent (electrical only) Amended and Restated Grant of Baywalk $781,031 One hundred $781,031 Easement percent i.e. Seawall Restoration 1 Construction Area VII A Totals $3,462,637 $3,184,054 (A) Construction Staging Costs A Staging Area License Agreement was approved and entered into on May 24, 1999 as part of the Settlement Agreement between the City of Miami Beach, the Miami Beach Redevelopment Agency and West Side Partners, LTD. The Staging Area License Agreement requires the City to grant West Side Partners a license to close off the contiguous sidewalk and the western lane of Alton Road. The limits of the Staging Area License includes that area contiguous to the SSDI-North construction parcel as illustrated in Exhibit 1 Area II. The construction staging area consists of the following: . Closure of the westernmost lane of Alton Road . Closure of the sidewalk along the west Alton Road right-of-way . Removal ofthe existing landscaped median along the centerline of Alton Road . Relocation of the existing coconut palms and live oaks to the City's Ocean Beach Park . Roadway base construction and pavement to provide for two lanes of traffic in each direction . Temporary street lighting June 27, 2001 RDA- Commission Memorandum Environmental Remediation Costs for SSD1-North Page 4 The City is to bear one-third of the costs associated with the construction of these temporary improvements as well as one-third of the costs associated with the restoration of Alton Road to comply with the South Point Streetscape Master Plan design section. West Side Partners and the Marina Lessee will pay the remaining two-thirds ofthe costs. The estimated budget to realign Alton Road to accommodate the Murano Grande construction staging area is approximately $146,410, of which the City/RDA is responsible for one-third, or $48,800. The Alton Road restoration costs will be provided and appropriated at a future date. (ll) Temporary Curb Cut A component of the parking area construction consists of a curb cut construction at Alton Road. The curb cut at Alton Road is required to provide access from Alton Road to the SSDI-North: North Lot parking area. This sole access point will allow the Marina's tenants to access the parking area from Alton Road. The estimated costs to implement the Alton Road curb cut is approximately $27,286. Please refer to Exhibit 1 Area III for the location of the Alton Road curb cut and the SSDI - North: North Lot parking area. The City/RDA will pay for 50% of this cost or $13,643. (C) Parking License The Agreement further contemplated that during the implementation of the enviromnental remediation on SSDI-North and subsequent construction, the City and its Lessee, the Miami Beach Marina, would be granted, via a Parking License Agreement, parking spaces on the Porto fino Parcels (Alaska, Goodman, Hinson Parcels) to replace the same number of parking spaces no longer available on SSDI-North. The Parking License was executed among West Side Partners, the Alaska, Goodman and Hinson Parcel property owners, the City of Miami Beach, and the RDA. The Parking License provides for the City/RDA to have access to SSDI-North, at no cost, in order to provide parking for the Marina until SSDI-North is developed, at which time, substitute parking spaces will be provided on the Goodman, Hinson and Alaska parcels. Porto fino is also locating approximately 34 spaces on Block 5], which fronts Commerce Street. This parcel will be included in a Supplemental Agreement to be presented for RDA approval on July 18,2001. To this end, and in connection with the upcoming development of SSDI-North, the City is obligated to build substitute parking which will consist of the following: Parking Spaces Parking Areas Standard Handicap Total Alaska Parcel 261 7 268 Block 51 - Lots 5-9 32 2 34 SSDI-North: North Lot 110 5 115 Totals 403 14 414 June 27, 2001 RDA- Commission Memorandum Environmental Remediation Costs for SSDI-North Page 5 The estimated cost of these substitute parking facilities is estimated at $928,784. Please reference Exhibit 1 Area IV A, B and C for the location of the parking areas. Access to the Alaska parcel parking lot will be provided by three means: . pedestrian access via the public baywalk which will require a temporary, non-exclusive, public walkway through the City's Federal Triangle, connecting to and adjacent to the Alaska Parcel. . vehicular access via a new curbcut and roadway through the Goodman and Hinson parcels and the City's Federal Triangle. This access will lie on the western property line of Goodman and Hinson and the eastern property line of the Federal Triangle. A Revocable License Agreement will be presented on July 18, together with a restrictive covenant in lieu of Unity of Title, granting said access and indemnifying the City. . vehicular access will also be provided through the Washington Avenue Extension on the eastern frontage ofthe Alaska Parcel. In connection with this parking license and the parking lots to be constructed south of South Pointe Drive, the City Code requires a conditional use approval by the Planning Board and a minimum temporary lot improvements and standards, i.e. paving, lighting, landscaping and drainage and does not allow gravel lots. The Planning Board hearing is scheduled on July 31, 2001. (0) Environmental Remediation One of the surviving provisions of the 1995 agreement with Porto fino addresses environmental assessment and remediation ofSSDI-North. Pursuant to Section 5.3 (f)(iii), a surviving provision of the Development Agreement, the Miami Beach Redevelopment Agency is responsible for payment of fifty percent of the environmental assessment and remediation costs associated with SSDI-North. In accordance with the Settlement Agreement, on May 17, 2001, West Side Partners provided written 90 day notice to remediate those contaminated areas on SSDI-North. On June 6, 2001, the RDA Board approved 50% reimbursement of some initial remediation work which consisted of the removal of five (5) underground tanks, contaminated soil excavation, contaminated material disposal, restoration of the parking area due to the tank removals, and preparation of the Tank Closure Assessment Reports (TCAR) by Nutting Environmental of Florida. Additionally, there are two contamination sites located on the SSDI - North property requiring remediation prior to the initiation of the foundation work for the Murano Grande development. These sites are referred to as NEF-l and NEF-2 and are illustrated in Exhibit 1 as Areas V A and B. The work consists ofthe following activities: . Excavation of contaminated soils . Disposal of the contaminated soils at an approved hazardous waste facility . Relocation oflandscaping trees to accommodate the work effort . Restoration ofthe asphalt pavement to restore the existing Marina parking area June 27, 2001 RDA- Commission Memorandum Environmental Remediation Costs for SSDI-North Page 6 The estimated costs to remediate the NEF-l and NEF - 2 sites approximate $219,244 and $115,423, respectively, of which the City/RDA is responsible for 50% of the cost. lE) Utility Relocation As part of the Settlement Agreement, the parties entered into a Grant of Baywalk Easement which, among other things, provides for the City/RDA to fund the costs and expenses associated with the physical relocation of the utilities within the SSDI-North property, including the relocation of the above ground electrical boxes. At this time, TRG's contractor has provided only the cost estimate of relocating electrical utility lines at an estimated cost of $1,244,459, for which full payment responsibility lies with the City/RDA. (Fl Amended and Restated Grant of Baywalk Easement As part of the Settlement Agreement, the parties entered into a Grant of Baywalk Easement that grants the City a permanent and irrevocable non-exclusive easement along the baywalk. The City is obligated, at its sole cost and expense, to restore, maintain, repair and, as required, replace the bulkheads and seawall, in a first class condition. West Side Partners, Ltd., is obligated to construct the Baywalk, but the City has the ongoing obligation to maintain and restore the Baywalk. The City/RDA has separately entered into a Baywalk maintenance and operating agreement as a result of the City's Fourth Amendment to the Marina lease agreement. Seawall Rehabilitation. Approximately 500 Linear feet of deteriorated seawall from the existing Yacht Club south to Pier L must be rehabilitated per the Settlement Agreement. TRG prepared two (2) alternative designs for the repair of the seawall at this location. The recommended alternative comprises a retaining wall anchored to the root of the existing steel sheetpile. The repair can be done almost entirely from an upland location thereby reducing costs. This is a structural solution that will bring the bulkhead into compliance with structural code requirements and will provide a service life of approximately 25 years or more. New Seawall Construction. Approximately 190 linear feet of new seawall is required between the southerly limits of Pier "L" to Pier "M". The recommended alternative is consistent with the upland use of the property and is permitted for construction by the regulatory agencies. To extend the life of the of the new seawall (as well as the seawall repair 1 rehabilitation section), the nominal concrete cap was extended to the level of the Mean Low Water Line (MLWL). The benefit oflowering the concrete cap to the ML WL is that the existing steel bulkhead will then be completely encapsulated and no air can reach the steel thereby minimizing the rate of corrosion and significantly extending the structural integrity of the seawall. This is consistent with the design of the repair/rehabilitation section and provides a consistent appearance along the SSDI-North parcel between Monty's Restaurant and the MacArthur Causeway. The estimated costs for the rehabilitation of the existing seawall and to construct the new seawall sections are approximately $426,985 and $354,046, respectively. Please reference Exhibit 1 Area VII A for the location of the proposed seawall construction work limits. The City/RDA is responsible for 100% ofthis cost. June 27. 2001 RDA- Commission Memorandum Environmental Remediation Costs for SSD1-North Page 7 Future/Supplemental Scupe The Settlement Agreement requires the construction of other improvements as follows: . New seawall construction along SSDI - North . Seawall repair/rehabilitation along ssm - North . Relocation of existing water distribution main and services . Relocation of existing sanitary sewer and service laterals . Relocation of the existing 72-inch diameter storm sewer interceptor . Sheet pile cutoff wan to mitigate existing contaminant migration located at the Marina underground storage tank farm . Remediation of the Marina underground storage tank farm Design of these activities have recently been initiated. Estimated costs will be presented on July 18, 2001 for Board approval together with a Supplemental Agreement, a Revocable Parking License and an Amended and Restated Parking Sublicense Agreement that will memorialize each party's respective obligations, use requirements and restrictions and corresponding indemnities. On June 21, 2001, the South Pointe Advisory Board reviewed this item and the related Hazen and Sawyer contract amendment. In order to proceed with design and to seek construction bids in order to proceed with remediation activities and subsequent construction, it is necessary and recommended that the Board appropriate $3,184,054 from the South Pointe Tax Increment Funds to comply with the City/RDA's obligations pursuant to the Settlement Agreement. JMG/~/rar T:\AGENDA\2001\JUN2701\RDA\MURANO.CM