IV.4. Amendment to SW LRT Subordinate Funding Agreement - 04; ElverumSeptember 25, 2018 Council Report 2018-110
AMENDMENT TO SW LRT SUBORDINATE FUNDING AGREEMENT - 04
Proposed Action
Staff recommends adoption of the following motion: Move to approve Amendment One
to SW LRT Subordinate Funding Agreement 04 (Local Work-Construction).
With this motion, the amendment will be executed and the new payment schedule
adopted.
Overview
In March of 2017, the City of Hopkins entered into a contract, Subordinate Funding
Agreement 04 (SFA 04), to pay for local work associated with the SW LRT project. SFA
04 work totals $771,584 and includes installation of water main and sanitary sewer
within the new 17th Avenue South extension, three traffic signal poles at Excelsior
Boulevard and 8th Avenue and irrigation and electrical at the Downtown Hopkins Station
plaza.
The payment schedule for the work was based on the anticipated project schedule.
Since that time, there have been significant delays in the project and some of the
payment dates have passed. The Metropolitan Council has proposed a revised
payment schedule to reflect the current status of the project.
The new payment schedule does condense the payments from three to two, but the
amount and the earliest payment date do not change from the original agreement.
Primary Issues to Consider
This action does not change the amount the City of Hopkins will contribute, rather it
reflects the current schedule of the project and the dates by which payments are due.
Supporting Information
• Amendment Number One to Contract for Services Metropolitan Council
Contract No. 14I059D
____________________________
Kersten Elverum
Director of Planning & Development
Financial Impact: $0 Budgeted: Y/N _N___ Source: Related Documents (CIP,
ERP, etc.):
Contract 14I059D Page 1
METROPOLITAN COUNCIL
390 North Robert Street, St. Paul, MN 55101-1805
(651) 602-1000
AMENDMENT NUMBER ONE
to
CONTRACT FOR SERVICES
Metropolitan Council Contract No. 14I059D
City of Hopkins and the Metropolitan Council (“COUNCIL”) agree that the contract entered into on March
9, 2017, relating to “Subordinate Funding Agreement City of Hopkins 04 Local Work Construction ,” is
amended in the following particulars.
1. EXHIBIT A TO CONTRACT, Description of Local Work, Payment Schedule and
Budget Detail is amended in the following particulars:
DELETE the table labelded Payment Schedule for Local Work and REPLACE with the following
Payment Schedule for Local Work
Payment # Payable on or before Amount
1 30 Days following SWLRT
Project Civil Contract
Limited Notice to Proceed
1
75%: $578,688
2 154 Days following
SWLRT Project Civil
Contract Lmited Notice to
Proceed 1
Remaining Balance:
$192,896
Except as amended hereby, the provisions of the above-referenced contract shall remain in force and effect
without change.
IN WITNESS WHEREOF, the parties have caused this amendment to be executed by their duly authorized
officers on the dates set forth below.
CITY OF HOPKINS METROPOLITAN COUNCIL
By: ______________________________ By: ___________________________________
(Please print name legibly below)
______________________________
Signer
Its: ______________________________ Its: Regional Administrator
Date: ______________________________ Date: ___________________________________
______________________________
Contract 14I059D Page 2
By:
(Please print name legibly below)
______________________________
Its: ______________________________
Date: ______________________________