Construction Scope of Work. Funds awarded under this agreement will be used for the installation of sedimentation and erosion control measures and site activities to include but not limited to mass grading of the 11.66 acre site, site preparation and installation of new streets and infrastructure necessary to serve the Phase 2 development which consists of approximately seven acres to include sidewalk, storm drainage, water distribution and sanitary sewer collection, street trees, as well as coordination with private utilities for street lights and future utility services. It also includes like improvements to serve the future development on the remaining site. The “Construction Scope of Work” is described more particularly in the construction documents attached to or referenced in the form of construction contract between Site Developer and X.X. Xxxxxxx Infrastructure, LLC (the “Contractor”) attached as Attachment D (the “Construction Contract”). The City has approved the form and content of the Construction Contract, including the contract amount of $3,500,000.00 and has approved the identity of the Contractor, which was selected as the lowest responsible bidder pursuant to a process previously approved by the City. Construction is scheduled to begin by April 15, 2016 with a 180 day overall completion schedule, subject to extension by Site Developer in accordance with the terms of the Construction Contract or otherwise with the prior written approval of the City. The Site Developer will be responsible for managing the day to day activities of the Construction Scope of Work and for overseeing 3rd party professional service providers which will provide specific construction management services and will earn a management fee in the amount of 9% of construction costs. The management fee will be paid pro rata to construction and 3rd party costs approved and submitted with each monthly draw.
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Construction Scope of Work. Funds awarded under this agreement will be used for the installation of sedimentation and erosion control measures and site activities to include but not limited to mass grading of the 11.66 acre site, site preparation and installation of new streets and infrastructure necessary to serve the Phase 2 development which consists of approximately seven acres to include sidewalk, storm drainage, water distribution and sanitary sewer collection, street trees, as well as coordination with private utilities for street lights and future utility services. It also includes like improvements to serve the future development on the remaining site. The “Construction Scope of Work” is described more particularly in the construction documents attached to or referenced in the form of construction contract between Site Developer and X.X. Xxxxxxx Infrastructure, LLC (the “Contractor”) attached as Attachment D (the “Construction Contract”). The City has approved the form and content of the Construction Contract, including the contract amount of $3,500,000.00 and has approved the identity of the Contractor, which was selected as the lowest responsible bidder pursuant to a process previously approved by the City. Construction is scheduled to begin by April 15, 2016 with a 180 240 day overall completion schedule, subject to extension by Site Developer in accordance with the terms of the Construction Contract or otherwise with the prior written approval of the City. The Site Developer will be responsible for managing the day to day activities of the Construction Scope of Work and for overseeing 3rd party professional service providers which will provide specific construction management services and will earn a management fee in the amount of 9% of construction costs. The management fee will be paid pro rata to construction and 3rd party costs approved and submitted with each monthly draw.
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