From
Max
Title
Resolution declaring expectation expenditures with proceeds of future debt in the amount of $159,545 for Change Order/Amendment No. 3 with Pacheco Koch Consulting Engineers, Inc. for Phase 2 of SW 5th Street for parking and roadway design
Presenter
Gabe Johnson, Director of Public Works
Recommended Action
Approve
Analysis
On November 15, 2018, the City approved a professional services contract with Pacheco Koch Consulting Engineers, Inc. in the amount of $14,500 for a feasibility study of SW 5th Street. It provided professional civil engineering and land planning services for the parking expansion between SW 4th Street and SW 5th Street along the south side of Pacific Avenue in Grand Prairie, Texas.
Change order/amendment No. 1 in the amount of $33,500 was approved by the City on April 5, 2019 for additional services for Phase 1 which included a topographic survey, site boundary determination, and final design. It also included project coordination, demolition plan, and dimensional control plan.
Change order/amendment No. 2 was for time extension only.
The current change order/amendment No. 3 in the amount of $159,545 is for additional services for Ph II which include parking and roadway design which also includes railroad coordination and site plan submittal. It will also include additional topographic survey, project coordination, demolition plans, dimensional control plan, site paving plan, grading & drainage plan, and stormwater pollution prevention plan.
Financial Consideration
Interim funding in the total amount of $159,545 is available from the unobligated fund balance in the Street Capital Projects Fund (400192), to WO #02105803 (SW 5th Paving and Parking Improvements).
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, DECLARING EXPECTATION TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR PROFESSIONAL ENGINEERING SERVICES FOR THE SW 5TH STREET PHASE 2 PROJECT.
Whereas, the City of Grand Prairie, Texas (the "Issuer") intends to issue debt for a professional services contract for SW 5th Street Phase 2, (the "Project") and further intends to make certain capital expenditures with respect to the Project and currently desires and expects to reimburse the capital expenditures with proceeds of such debt;
WHEREAS, under Treas. Reg. 1.150-2 (the "Regulation"), to fund such reimbursement with proceeds of tax-exempt obligations, the Issuer must declare its expectation to make such reimbursement; and
WHEREAS, the Issuer desires to preserve its ability to reimburse the capital expenditures with proceeds of tax-exempt obligations.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of GRAND PRAIRIE, Texas that:
the Issuer reasonably expects to reimburse capital expenditures with respect to the Project with proceeds of debt hereafter to be incurred by the Issuer, and that this resolution shall constitute a declaration of official intent under the Regulation. The maximum principal amount of obligations expected to be issued for the Project is $159,545.00.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, NOVEMBER 3RD, 2020.