RM 04-18-75 - Laserfiche WebLink

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6. NEW BUSINESS (Cont'd The Certificate is evidence of satisfaction of the provisions and covenants of the Deed and Contracts with respect to the obligations of the Grantee and the Redevelopers' Contract, and their successors, to construct the required improvements provided for in said Contracts and within the terms and condi- tions therein specified and contained. All other terms, pro- visions, covenants, conditions, and resolutions contained in said Deed shall remain in full force and effect. Mr. Brownell advised the title is incomplete until the Certi- ficate of Completion is issued. The area involves a status report on 21,300 square feet, with the tenant areas shown, the type of construction, the interior improvements, with a cost of construction to date of $430,000.00, tenant improvements estimated at $120,000.00 (fixtures, equip- ment, etc.), and work to be completed estimates at $200,000.00 for unleased spaces to be improved based upon average tenant re- quirements. Motion was made by Mr. Wiggins, seconded by Mr. Donaldson and carried, to accept the final inspection report and to authorize the President and Secretary to execute the Certificate of Com- pletion, prepared by Commission Legal Counsel, for Disposition Parcel Nos. 4 -70 and 4 -72. d. Change Order No. 2 to Demolition & Site Clearance Contract No. 38, R -66: Approval was requested of Change Order No. 2 to Demolition & Site Clearance Contract No. 38, with Warner & Sons, for a reduction in contract amount of $295.00. This is for a reduction of 100 feet of posts and fence that Warner & Sons had included in their original bid price of $1,450.00 for the fence work. 100 feet more fence was estimated than what was actually needed, and this change order will reduce the contract by the sum of $295.00. Contract No. 38 was awarded in bid amount of $10,550.00, plus Change Order No. 1, for an increase in contract amount of $1,711.18 (shown above under 4c with HUD concurrence), less Change Order No. 2, for a decrease in contract amount of $295.00, or a net contract amount of $11,966.18. Motion was made by Mr. Wiggins, seconded by Mr. Donaldson and carried, for approval of Change Order No. 2 to Demolition & Site Clearance Contract No. 38, for a decrease in contract amount of $295.00, as stated above. e. Change Order No. 1 to Rehabilitation Contract No. 1, Project E -7: Approval was requested of this Change Order for line item changes, increasing the contract with Area Services, Inc., MEM CHANGE ORDER NO. 2 TO DEMOLITION & SITE CLEARANCI CONTRACT NO. 38, R -66 CHANGE ORDER NO. 1 TO RE- HABILITATION CONTRACT NO. 1, APPROVED, E -7