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R7P-Amend Dev Agmt Euclid Avenue Between Lincoln Road And Lincoln Lane South PrCOMMISSION ITEM SUMMARY Condensed Title: A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving And Authorizing Amendment No. 1 To The Development Agreement Between The City And Jameck Development, lnc. (Jameck Or Developer), Dated July 23, 2014, For The Design, Development, And Construction Of Certain Streetscape lmprovement ln The City's Right Of Way, At The Portion Of Euclid Avenue Between Lincoln Road And Lincoln Lane South (The Project); Said Amendment lncreasing The Budgeted Cost Of The Project To A Guaranteed Maximum Price (GMP) Of $786,200, Due To Construction Cost Increases, But Without Changing The City's Financial Contribution To The Project (ln The Original Approved Amount Of $485,820); And Requiring The Developer To Pay For Any Project Costs Exceeding The City's Contribution. Ensure well iects - lncrease Community Satisfaction with Citv Services Data (Surveys, Environmental Scan, etc.): Based on the 2014 community survey, recently completed capital projects were rated by both residents and businesses. The owner of Lincoln Center Associates, LLC, approached the City to enter into a Development Agreement for the closure of a portion of Euclid Avenue, between Lincoln Road and Lincoln Lane South, to vehicular traffic, as part of an extension of the Lincoln Road pedestrian mall, and the construction of Streetscape lmprovements in the City's right-of-way. This Project will benefit the public in the following ways: (a) by removing delivery vehicles at the end of Euclid Avenue just south of Lincoln Road and establishing a delivery vehicle loading zone at Lincoln Lane South that will permit such vehicles to travel east or west through Lincoln Lane South instead of having to back up and turn around to exit on Euclid Avenue; (b) by providing the Flamingo Park residents with an entrance to Lincoln Road off Euclid Avenue; and (c) by creating more space for performances at the Euclid Oval. On June 5,2013, the Mayor and City Commission adopted Resolution No. 2013-28236, approving the Conceptual Plan and authorized the City Manager to enter into negotiations with the Developer to design and build the Project. The Administration modified the Development Agreement to incorporate the conditions required by the City Commission at its June 11,2014 meeting. At its July 23,2014 meeting, the Mayorand City Commission approved, upon second and final reading, and after a duly noticed public hearing, the Development Agreement between the City and Jameck Development, lnc. The Developer submitted the selected contractor schedule of values to Public Works staff, which has reviewed and considered the cost proposal fair and reasonable for the proposed work. The Developer has agreed to pay for costs in excess of the City costs. Staff further reviewed the increased construction cost of the improvements and concluded the future maintenance costs to be incurred by the City after completion of the improvements are not likely to increase. The Developer has also submitted to City's Legal Department the Guarantee Maximum Price Contract to construct the improvements with the selected contractor for review prior to being executed between Developer and. contractor. The total cost of the Project is estimated to be $786,200, of which the City will fund the hard costs, not to exceed $485,820, as originally approved by the Mayor and City Commission, with the additional costs to be covered by the developer. See above Financial $gurce of Funds:ua Amount Account I $416,820 365-2767-000356 2 $27,000 365-2767-069351 3 $42,000 365-2767-069358 Total | $485,820 Financial lmpact Summary: F District Funds (City Center RDA' :nds for this project were approved by the City Commission as part of the City Center Redevelopment in the FY 2012fi3 and FY 2013114 Capital Budqet. Clerk's Bruce Mowry, Ext.6565 beAPUBLIC WORKS\Euclid Street AGENDA ITEMf,I P- --E MIAMIBEACH SUMM.docx oarc 4-2-tS957 (9 MIAMI BEACH City of Miomi Becch, I 200 Convention Cenler Drive, Miomi Beoch, Florido 33,1 39, www.miomibeochfl.gov N MEMORANDUM Mayor Philip Levine and Members Jimmy L. Morales, City Manager DATE: September 2,2015 SUBJECT: A RESOLUTION OF THE MIAMI BEACH, FLORIDA, AND CITY COMMISSION OF THE CIry OF AND AUTHORIZING AMENDMENT NO. 1 TO THE DEVELOPMENT AGREEMENT BETWEEN THE CITY AND JAMECK DEVELOPMENT, lNG. (JAMECK OR DEVELOPER), DATED JULY 23,2014, FORTHE DESIGN, DEVELOPMENT, AND CONSTRUCTION OF CERTAIN STREETSGAPE IMPROVEMENT IN THE CIry'S RIGHT OF WAY, AT THE PORTION OF EUCLID AVENUE BETWEEN LINCOLN ROAD AND LINCOLN LANE SOUTH (THE PROJECT); SAID AMENDMENT INCREASING THE BUDGETED GOST OF THE PROJEGT TO A GUARANTEED MAXTMUM PRICE (GMP) OF $786,200, DUE TO CONSTRUCTTON COST TNCREASES, BUT WITHOUT CHANGING THE CITY'S FINANCIAL CONTRIBUTION TO THE PROJECT (lN THE ORIGINAL APPROVED AMOUNT OF $485,820); AND REQUIRING THE DEVELOPER TO PAY FOR ANY PROJEGT COSTS EXCEEDING THE CIry'S GONTRIBUTION. ADM!NISTRATION REGOMMENDATION Adopt the Resolution. KEY INTENDED OUTCOME SUPPORTED Ensure well designed quality capital projects lncrease Community Satisfaction with City Services FUNDING $416,820 365-2767-000356 $ 27,000 365-2767-069357 $ 42,000 365-2767-069358 $485,820 Total BACKGROUND The owner of Lincoln Center Associates, LLC, approached the City to enter into a development agreement for the closure of a portion of Euclid Avenue, between Lincoln Road and Lincoln Lane South, to vehicular traffic, as part of an extension of the Lincoln Road pedestrian mall, and the construction of ^Streetscape lmprovements in the city's right-of-way. TO: FROM: the City C 958 City Commission Memorandum Euclid Avenue Street End Prcject Amendment Nol Jameck Development, lnc. - Development Agreement September2,2015 Page 2 of 3 This Project will benefit the public in the following ways: (a) by removing delivery vehicles at the end of Euclid Avenue just south of Lincoln Road and establishing a delivery vehicle loading zone at Lincoln Lane South that will permit such vehicles to travel east or west through Lincoln Lane South instead of having to back up and turn around to exit on Euclid Avenue; (b) by providing the Flamingo Park residents with an entrance to Lincoln Road off Euclid Avenue; and (c) by creating more space for performances at the Euclid Oval. On June 5, 2013, the Mayor and City Commission adopted Resolution No. 2013-28236, approving the Conceptual Plan and authoriing the City Manager to enter into negotiations with the Developer to design and build the Project. The Administration modified the Development Agreement to incorporate the conditions required by the City Commission at its June 11,2014 meeting. At its July 23,2014 meeting, the Mayor and City Commission approved, upon second and final reading, and after a duly noticed public hearing, the Development Agreement between the City and Jameck Development, !nc. (Developer) for the design, development, and construction of certain streetscape improvement in the City's right of way, at the portion of Euclid Avenue between Lincoln Road and Lincoln Lane South. The Project had a total budgeted cost to the City of $485,820, with any additional funds for the Project to be covered by the Developer. Such City funds were to be appropriated from Miami Beach Redevelopment Agency (Historic Convention Village/City Center RDA) Funds. ANALYSIS The Developer and principal of Lincoln Center Associates, LLC, Melvyn Schlesser has conducted a bid process to hire a contractor to develop the improvements. Three firms requested bid documents. Two proposals were received by the Developer: the first one from JCM Development Group in the amount of $767,164 and the second one from EDGE Construction, lnc. in the amount of $786,200. The third bidder, A. Galvez Construction and Consulting, was disqualified as the cost proposal was not presented by the due date. After review and negotiations by the Developer, EDGE Construction, lnc. was selected to build the improvements (see attached schedule of values). The Developer submitted the selected contractor schedule of values to Public Works staff, which has reviewed and considered the cost proposal fair and reasonable for the proposed work. The Developer has agreed to pay for costs in excess of the City costs. Staff further reviewed the increased construction cost of the improvements and concluded the future maintenance costs to be incurred by the City after completion of the improvements are not likely to increase. The Developer has also submitted to City's Legal Department the Guarantee Maximum Price Contract to construct the improvements with the selected contractor for review prior to being executed between the Developer and contractor. The total cost of the Project is estimated to be $786,200, of which the City will fund the hard costs, not to exceed $485,820, as originally approved by the Mayor and City Commission, with the additional costs to be covered by the Developer. 959 City Commission Memorandum Euclid Avenue Sfreet End Prcject Amendment Nol Jameck Development, lnc. - Development Agreement September 2, 2015 Page 3 of 3 GONCLUSION The Administration recommends approving and authorizing Amendment No. 1 to the Development Agreement between the City and Jameck Development, lnc. (Developer), dated July 23, 2014, for the design, development, and construction of certain streetscape improvement in the City's right of way, at the portion of Euclid Avenue between Lincoln Road and Lincoln Lane south; said amendment increasing the budgeted cost of the project to a guaranteed maximum price (GMP) of $786,200,'due to construction cost increases, but without changing the City's financial contribution to the project (in the original approved amount of $485,821); and requiring the developer to pay for any project costs exceeding the City's contribution. n^ /9W JLM/MT/EEBAM/JR T:\AGENDA\201s\Septembe^PuBLIC WORKS\Euclid Street End GMP Amedment Memo.docx 960 I Preconstruction and Ptocurement $10,000 2 Mobilization $30,000 .7 General Conditions s48,800 4 General Trades $23,280 5 e Site Work $220.000 Landscape $49,640 7 Concrete $i05,932 I Misc. Metals $14,000 9 Electrical s228,000 10 11 Fee $43,779 lnsurance $12,759 TOTAL s786,200 961 - ltem loesctiption Cost I Delaited Break out STEA ldt6 t lanoal C6ndili6n4 78.E00.00 s4.{5 Od Sile Suoervislon sea Monlhs s 33.280.00 s{_75 Staging/LogisticsJProtecUon 3 ihe Work t 220,000.00 sil.58 -Tnd-Erjwjun?T'iiimo$ieVlng/Draioage,slgnage& Mar,(lnqs t)aholilldn t 40,000.00 Dhlnaoe 3 80.000.00 Slte lmorovMts 85,000.00 .10,000.00 Oriva Lane 3 5,000.0{ 4 andscare I 49.64{,00 32.61 Nd ldrdsBoe E lrloauoa L.nd9aam t 39,216,00 lrlIau,on 3 5.675.00 Addttlon3l Saeavhs 3 r.600.00 l[ioaiion ReDaiE Durtng Canstq!{qq s 2,250.O0 5 i 105,932.00 $5.58 stdewal ksrc u$srRetalnlnE wal lrcolo-ae!1]I9E9lgg Curbim g 3,963.0{ 6" Sid€ W:ilke 3 5.130.00 colored Cotrccte s 74.833.00 Ellioso Rstaininq Wall I 2,s00.011 TemmEry Sid€ livalks /l.s00.0{ Additlonal rrobilleation lor s€comary Work s.000.00 6 [lsc. t€t3ls t 14,000.00 t0.7,t custom Pa* 8€Irchss 4eq t 228,000.00 r2.o0 nfr Effi Iffi -Panals & Feedersrsits Ltghllrg, I mp Power & Geratator Back UP FeedffirPanelg/Powsr 3 155.000.0c Liohlina t 73,000.{xl 3 43,?79.18 6.00% _ 3 ,12,768.93 1.7s% 0.00% €f/GEffiMli6iE,@ 962 l4IO o ttt -7*-=-- )U) ge EIJ edei29 8E2A Eg I -! *! -40AiE --J 'i=niB eo CD LU gEO: frrhl-QA(DIqil TUFa Il--" \ax7vt Hi , Lii , E4; [i,f:l fii t,I'lo ...-. -. io.- ,J s,D lt{ 6 Zvo O iF trq *g z H HEdfr5\.66 eN u f 6466*zz69e6oq&rat E Eg*il*dd,H=3 I -eD > os E ii 0-rHgHSb lffiml* 963 - E o -'.-14* s EtF;P:r- :sg5iI ; rt r#le:.9:)*'{f,-s^&I *.; E *,eI = , '-*,$l:i$El r i g $il g $ "$ '$,I El-es*llE;I r E #"* {i=.5=,-F ! 1 :1 s a't 1;.,j I "t e; .l{ I Yt 1 -i I .l! ia -i Orl Ea I '1 Jt{ 11 :l 'lo i6i\jF ilttdi3 iln io !\ itt0j: a .l z I f : B I p (, r,: IJJ lJ. -=lJ_IEF EEp&=x8urc5 1 I I^-t o E d e;5TAte !etblol- ,E!9 Eo-5;F.u:0<Z.peEg*EgEi:5E;8;5CXVI ?g 5 ts;E : E i Y. 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Architectural Drawings by R+O Studio LLC. 2. MEP Drawings by JMM Consultine Enqineers 3. Civil Drawings by Chen Moore & Associates Drawing Number Drawing Tilc Initial Drawins Date Revision A Revisio n Date Includcd In Confract c0.01 Soecifications tllt4/2a 4 Yes CI.OI Existine Conditions tt/1412b 4 Yes c2.01 Demolition Plan l0ll5lat)4 Yes c202 Pollution Prevention Plan 08/08/20 4 Yes c2.03 Pollution Prevention Details t1114120 4 Yes c3.0r Site Plan 1011s120 4 Yes c4.01 CivilPIan tt/t4120 4 Yes c4.02 Civil Details tU14120 4 Yes c4.03 Civil Details tvr4t2a 4 Yes c4.04 Civil Profile $fi312A )Yes c5.0r Sienins Markine Plan tt/t4l2a 4 Yes A.3.00 Details 07txAa 4 Yes 42.01 Enlarged Plans 07t23120 4 Yes A2.00 Enlarsed Site Plan 07/23/20 4 I Owners Revision 0L/22/t5 Yes ,A l0 Existins Site Plan 07t23/20 4 Yes A 00 Site Data 07t23t20 4 Yes L .01 Materials Plan alL5l20 4 Yes L .02 Hardscape Plan Qt15t20 :l Yes L .03 Hardscane l)etails 0l1sl20 4 Yes L2.01 Landscape Plan 0n5t20 4 Yes L2^02 Landscape Details 4fi5t20 4 Yes L3.01 Irrieation Plan al$120 4 Yes 1.3 02 lrrigation Details alL5l20 4 Yes L3.03 Irrisation Details 0t1st20 4 Yes E04 Sheet 04/26120 3 1 BDC 03/0s/15 Yes E.03 Sheet 04/2612A 3 1 BDC 03/05/1 5 Yes E.02 Sheet 04125t20 3 1 BDC 03t0s/15 Yes E.0r Sheet 04t2611 i BDC 03/05/15 Yes 965 IXHIBIT "C* 1. General Condifions snd General Trades . a, Furnish and install supervision as required to meet the project schedule and requirements. ' b. Furnish on site dumpsters for removal of construction waste and material. ^ c. Protect building and tenant existing conditions and furnishings, . d. AII owner firmishings and equipment will be relocated from the construction areas by the owner. Conlractor is not responsible for any relocations or stor*ge of owner furnishings and equipment. . e. All work is to be completed during normal business hours (Monday-Friday, 7:00am- 3:30pm). If any overtime or premiurn time work is reguired due lo impact to losal businesses and/or city requirements, all associated costs are to be paid for by owner. Contractor will submit additional pricing ta owner pnor ro commencing rvork. f. Project schedule and phase plan as per contract Exhibits "E'' and'*F". Contractor has qualified that the project will be executed in one (lea) phase. If for any reason (by owner, municipalities, 3d parly contractors or vendors) additional phasing is required the contractor reserves the right to submit for additional nrobilizations and tirne ifrequired. i, Contractor includes'ocoms back"'work at existing store front entrances as shown oa Exhibit "E" $ite Logistios Plan. ii. Csntractor includes one (iea) temporary drive lane at the existing parking lot, as indicated on Exhibit *E" Site Logistics Flan.g. Furnish and install construction fence as per Exhibit'uE"- All roadways and side*-alks are to be permanently shut down forthe duration af construction. TemporarS'sidewalks and overhea{-pro1e.ggio.n il qg"Lindicated on the drawings and is not included.}#lni*tfffioitr h, Owner shall partake in procurement of cif approvals, permits, sub permiis, as required by Ciry of Miami Beaeh. 2. Demolition a. Temporary relocation of existing city bicycles and bicycle racks are not included by contractor. b. Contractor includes removal and haul offof all items as outlined on the contract drawings. c. Contractor shall salvage and turn over to city all items as listed on contract drawings. Iterns included but not limited to parking meter and light fixtures. 3. Site T#ork a- Furnish and install means ofprotection as per contract site pollution prevention plan. Items include silt fence, filter median, bales or bale type barriers' b. Mill and resurface existing asphalt accordi*g t0 new dralying elevations. c. Ftrrnish and install new pavement markings and signage as per aotltract drawings. d. Furnish and install new underground utilities, tie into exiting, e$end existing as psr contrast drawings. Items include: i. Storm drainage ii. \triater iii. Electrical per electrical scCIpe below e. ,gt$tid#, dfi#hitlio.$rriqtrufes's}1qll= subrjitted.:{-b-sgpprcvcl A,i$iiBss6tif**"ordifl.$$ 'tw#fffiff;lf- *F urqtr"4," r*p{rr.{,xg- * suuu",4 .,4oy*r.,,,xv,uu,u| 966 i*.llfqrr4 rv{1q =-*+ a+ifr{ ,vlsoF€ Conrracror does nor include aly contingenry fbr repairs to existinglJoriir*rli-*4" "fthe scope of work per the contract drawings. g. Contraetor does not include any additional time or rnaterial for items outlined on conflict chart sheet C4.01. All potential conflicts shall be evaluated as they are uncovered, and contactor will notiS the cwner and design team if any conflicts rarill result in a chartge order, prior to conrrnencing work. 4, Lrndscapellrrigation r yJout.D NE€.O *;' lailFlqjvl { wt-Ir{ cHE^, 'q.oof-€a. Underground irrigation pipe shall be scheduieffi,ffi b. lrrigatior: manufacturer tq be Hunter, as per contxact drawings'c..Lc-w,..v.et!{$$;lf,-ffiffg.skql . Contractorassumesexisting control wiring is in good working condition. &pqdqc?Fe c€ry1a$g _1=q=ryS,S,fififfiiffik# ty$mpr-4f to coqrls,bncingconsfitlctiorl and rcportamy exiit@ e&oroOnfliqs d. New landscape to be provided as outlined on plant schedule sheet L2,01. - 5. Coacr+te a- Form, place, and finish all concrete cu&s as indicated on contract drawings, Drawings indicaie Tlpe F Curb and Sutter and Type E Mountable Curb and Gutter. b. Fumish and install standard 6" concrete sidewalks with broom finish and urreinforced (approximately 900 square feet). c. Furnish and install 6" colored concrete* dark charcoal color hardener with rock salt stamp finish in lieu of magellanic cloud integral colot (approximately 4,900 square feet). d. Furnish and install 6" colored concrete- ash white color hardener wittr rock salt stamp finish in lieu of sand doliar integral color (approximately 3,300 square feet). e. All concrete work associated with lhe new electrical closet is not included in this proposal..i( o,.,.reEfbNttJ{n4:WN4* At- fu"l5e}, ELlF.trtt+* F!,-&}{-TH.F- ,"$ Misc, Metals a. Miscellaneous metals allowalrce fornew metal custom benches is included at fourteen rhousand ($14,000) total. This is for alt nerv benches indicated on contract dmwings. Drawings call for four (4ea) ner.v benches- f,lectrical a- Contractor to extend existing conductor to new electrical room location per contract drarvings. Contrac(ot to use rigid 90's for FPL extended conduit per contract drawings. Furnish and install electrical equipment per electrical riser on contract drawings. Furnish and install all feeders per eleclrical risers. Contractor includes wire terminations. Temporary back feed of existing electrical feeds is not iochded. All existing electrical transfers are to be completed during nomrai working hours. Furnish and install site lighting, landscape lighting, as per lighting fixture package. Ccltraetor will use PVC SCH 80 in lieu of HDPE under taflie roads. Nsrv Poulsen Poie Lights to be installed with cornpacted soil, as per electrical drawings' Low voltage, data" fiber optic" communication wiring and raceways are not shown on the contraet &awings and noi included in this proposal. 6. 7. b. c. Iu, f. G h. i. 967 b. c. t. g Relocation, storage, protection of owner equipment or fumishings Master permit &es, subcontract permit fees, temporary certificate of completion fees, certificate of completion fbes, revisions fees, over time inspection fees are not included unforeseen requests not iudicated on contract drawings for additional r,vork or improvernents made by city inspector, owners! engineers, sr any other authorities having jurisdiction. Materials testing and inspections by owner All special inspectors and threshold insp€cto$ are by olrnsr Temporary relocation of existing city bicycles and bicycle racks not included by contractor 968 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CIry COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING AMENDMENT NO. 1 TO THE DEVELOPMENT AGREEMENT BETWEEN THE CITY AND JAMECK DEVELOPMENT, !NC. (JAMECK OR DEVELOPER), DATED JULY 23, 2014, FOR THE DESIGN, DEVELOPMENT, AND CONSTRUCTION OF CERTAIN STREETSCAPE IMPROVEMENT IN THE CITY'S RIGHT OF WAY, AT THE PORTION OF EUCLID AVENUE BETWEEN LINCOLN ROAD AND LINGOLN LANE SOUTH (THE PROJECT); SAID AMENDMENT INGREASING THE BUDGETED COST OF THE PROJECT TO A GUARANTEED MAXIMUM PRICE (GMP) OF $786,200, DUE TO CONSTRUCTTON COST INCREASES, BUT WITHOUT CHANGING THE CITY'S FINANCIAL CONTRIBUTION TO THE PROJECT (lN THE ORIGINAL APPROVED AMOUNT OF $485,820); AND REQUIRING THE DEVELOPER TO PAY FOR ANY PROJECT COSTS EXCEEDING THE CITY'S CONTRIBUTION. WHEREAS, Jameck Development, lnc. (Developer), approached the City to enter into a Development Agreement for the closure of a portion of Euclid Avenue, between Lincoln Road and Lincoln Lane South, to vehicular traffic, as part of an extension of the Lincoln Road pedestrian mall, and the construction of streetscape improvements (the lmprovements) in the City's right-of-way (the Project); and WHEREAS, the Project will benefit the public in the following ways: (a) by removing delivery vehicles at the end of Euclid Avenue just south of Lincoln Road and establishing a delivery vehicle loading zone at Lincoln Lane South that will permit such vehicles to travel east or west through Lincoln Lane South instead of having to back up and turn around to exit on Euclid Avenue; (b) by providing residents and visitors with an entrance to Lincoln Road off Euclid Avenue; and (c) by creating more space for performances at the Euclid Oval; and WHEREAS, on June 5, 2013, the Mayor and City Commission adopted Resolution No. 2013-28236, approving the Conceptual Plan and authorizing the City Manager to enter into negotiations with the Development for a Developer Agreement to design and build the Project; and WHEREAS, on its June 1 1, 2014 meeting, the City Commission approved Resolution No.2014-28628, approving the Development Agreement on first reading; and WHEREAS, on its July 23, 2014 meeting, the City Commission approved Resolution No. 2014-28673, approving the Development Agreement on second and final reading; and WHEREAS, the Developer submitted it proposal contractor's schedule of values to Public Works staff, which has reviewed and considered the cost proposal fair and reasonable for the proposed work; and WHEREAS, the Developer has agreed to pay for Project costs in excess of the City costs, in the amount of $485,820; and 969 WHEREAS, Public Work staff further reviewed the increased construction cost of the lmprovements, in the total guaranteed maximum price (GMP) of $786,200, and concluded the future maintenance costs to be incurred by the City after completion of the lmprovements are not likely to increase; and WHEREAS, the total cost of the Project is now estimated to be $786,200, of which the City will fund the City costs, in the original GMP amount not to exceed $485,820, as originally approved by the Mayor and City Commission; and WHEREAS, with the additional GMP costs will be covered by the Developer. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CIry COMMISSION OF THE CITY OF MIAM! BEACH, FLORIDA, that the Mayor and City Commission hereby approve and authorize Amendment No. 1 to the Development Agreement between the City and Jameck Development, lnc. (Jameck or Developer), dated July 23, 2014, for the design, development, and construction of certain streetscape improvement in the City's right of way, at the portion of Euclid Avenue, between Lincoln Road and Lincoln Lane South (the Project); said Amendment increasing the budgeted cost of the Project to a guaranteed maximum price (GMP) of $786,200, due to construction cost increases, but without changing the City's financial contribution to the Project (in the original approved amount of $485,820); and requiring the Developer to pay for any Project costs exceeding the City's contribution. PASSED AND ADOPTED this 2nd day of September,2015. Philip Levine MAYOR ATTEST: Rafael E. Granado CIry CLERK T:\AGENDAV01S\SeptembeAPUBLlC WORKS\Euclid Street End GMP Amedment RESO.docx 970