SUBJECT
title
Ratification of the agreement with Studio Cortes, LLC. in the amount not to exceed $54,016.00 for the completion of Fasken Tree House in accordance with established terms and conditions. The completion date for this project is May 31, 2024, and no extension of time will be granted. In the event that the project is not completed on time, Studio Cortes will be responsible to pay liquidated damages in the amount of $200.00 for each consecutive calendar day after this deadline. Funding is available in the District VII priority fund and Capital Improvement Fund.
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PREVIOUS COUNCIL ACTION
On March 18, 2024, City Council tabled through a motion Item 48 - Consideration to enter into an agreement with Studio Cortes in the amount not to exceed $54,016.00 for the completion of Fasken Tree House in accordance with established terms and conditions. The completion date for this project is May 31, 2024, and no extension of time will be granted. In the event that the project is not completed on time, Studio Cortes will be responsible to pay liquidated damages in the amount of $200.00 for each consecutive calendar day after this deadline. Funding is available in the District VII priority fund and Capital Improvement Fund.
BACKGROUND
The project consists of:
• A kid’s treehouse constructed of reinforced concrete by Studio Cortes;
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Approval of this motion.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Y
Source of Funds: 2017, 2018 and 2019 C.O. Bond and CIP Fund
Account #: 471-3118, 473-3118, 402-3118, 402-4311
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in the 2017, 2018 and 2019 CO Bond and CIP Fund with project #D71830.