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Page 1 of 1 <br />INTER-OFFICE MEMORANDUM <br /> DEPARTMENT OF PUBLIC WORKS <br /> DIVISION OF ENGINEERING <br />TO: Theresa Heffner, Clerk <br />Board of Public Works <br />FROM: Zach Hurst, PE, Sr. Project Engineer <br />SUBJECT: Change Order No. 2 - Project No. 123-054R <br />Liberty Tower TIF Project – Parking Garage <br />DATE: 10/29/2024 <br />Change Order No. 2 for the subject project is a $30,950 (1.97%) change to the contract. <br />This change order is a scope addition to provide more painting throughout the parking garage. <br />The intent of the change order is to use the remainder of the TIF funding allotment ($1.6M) <br />provided by the Redevelopment Commission, meant to support the ongoing effort to stabilize <br />and revitalize the Liberty Tower building. <br />Here is a breakdown of the changes to the contract: <br />• Original Contract Price: $1,170,220 <br />• Scope Addition: $139,600** (11.93% - less than 20% per IN Code) <br />• Unforeseen Conditions: $290,088.75 (24.79%) <br />• TOTAL: $1,599,908.75 (36.72%) <br />**$108,650 (C.O. #1) plus $30,950 (C.O. #2) <br />Budget is available for this change.