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CR 2003-083 Authorize Professional Services Agreements-Pavilion Mezzanine Renovation ~, 1i (' \ CITY'>,oF' . ~~i I HOPKINS I . May 19, 2003 Council Report 2003-083 Authorize Professional Services Agreements - Pavilion Mezzanine Renovation Proposed Action. Staff recommends adoption of the following motion: Move that Council approve Staff selection of Architectural and Construction Manaqement firms for the Pavilion Mezzanine Renovation and authorize the Mayor and City Manaqer to execute professional services aqreements, continqent on receivinq satisfactory written commitment from the school district for a 1 O-year lease to adequately cover city proiect costs and adopt Resolution No. 2003-050, resolution reqardinq city financinq. Overview. The Hopkins School District has expressed interest in partnering with the city to renovate the Pavilion mezzanine to create classrooms and offices for the district's alternative learning center . (ALC). The district would like the ALC area completed by the start of the next school year. After . several meetings with school district personnel, staff anticipates the district will agree to reimburse the city for construction costs within 5 years through facility lease payments. A final school district decision is expected on Wednesday, May 21. The city would pay for the project, estimated at $550,000, through the purchase of a capital note. . City staff has completed a selection process for hiring an architectural consultant for the renovation '. of the Pavilion mezzanine. Additionally, staff is recommending an agreement with Kraus-Anderson · Construction Company for construction management services. City staff and the proposed architect and construction manager have developed an aggressive project plan that will complete the classroom portion of the project by September 10, 2003. A building addition for the elevator shaft and additional restrooms are planned for completion by October 23, 2003. City staff now requests City Council approval to proceed with project design and CM services contingent on school district written agreement to pay for the project costs through lease payments. Primary Issues to Consider. · Consultant services fees · Project Scope and schedule . Project funding Supportinq information. · Consultant proposals · Mezzanine Construction Cost Breakdown + Payback schedule · Resolution 20 3-050 . v' ion dra . gs Steven J. Stadler, Public Works Director eFinanciallmpact: $ 550,000 Budgeted: Y/N N Documents (CIP, ERP, etc.): Source: Capital note Related ~' .-- Council Report 2003-083 Page 2 Analysis of Issues · Consultant Service Fees Staff received design services proposals from Bonestroo & Associates and JEA Architects, Inc. Both proposals showed a clear understanding of the City's needs and the ability to perform based on the unique aspects of this accelerated-delivery project. The Bonestroo fee proposal is 18% of the construction cost + fixed fees of $12,100 (est total = $93,100). The JEA fee proposal is $42,750 plus reimbursable expenses. City staff met with the architect, Jack Anderson, and confirmed his understanding and commitment to the project and design schedule. City staff only requested a construction management services proposal from Kraus-Anderson. The thought being that K-A already has a presence here with the facilities improvement project and the project superintendents could work together in support of each other during the period when construction on the projects will overlap (July - October). This will result in better supervision on all the projects. The K-A proposal includes 12 weeks of project superintendent time and 120 hours of project manager time. The actual billed fee will be based on the number of hours required on the ~ mezzanine renovation project. The proposed hourly rates are reasonable for project . superintendent and project manager positions. The K-A proposed fee is $63,150 with $31,200 being based on the 12 weeks of superintendent time. The architectural and CM fees are higher than average based on the accelerated timeframe of project design and construction completion. The construction management services will be extensive to coordinate material suppliers and contractors and generally be much more actively involved in the construction activities. As the project progresses, if full-time superintendent time is not needed the hours and fees would be decreased. · Project Scope and Schedule The project scope is to renovate the 5,500 sf mezzanine area for classrooms, a computer lab, teachers office and a multi-purpose room. The project also involves a building addition for an elevator and new restrooms. The building code for number of bathroom fixtures changed after the Pavilion was constructed. Therefore, as a part of any building renovation the restrooms must be brought up to code requirements. Based on the building occupancy, we are short 6 toilets for females and 5 fixtures for males plus several sinks. The project scope includes an addition adjacent to the elevator shaft for a new men's bathroom; the current men's and women's restrooms would be converted to just a women's restroom. There would also be a men's and women's restroom in the mezzanine area. . . . Council Report 2003-083 Page 3 The project schedule is as follows: May 21: Authority to proceed with design June 5: Bid Package No.1 (elevator and floor topping) delivered to CM June 12: Bid Package NO.2 (HVAC units + ductwork and register plan) delivered to CM June 25: Bid Package NO.3 (mezzanine renovation) delivered to CM July 15: Award BP # 3 July 16: Bid Package NO.4 (elevator shaft & restroom addition) delivered to CM Sept 10: Mezzanine classrooms and offices completed October 20: Elevator and restroom addition completed '. · Project Funding The city will pay for the project through the purchase of a capital note. The city will then set a facility lease rate with the school district that will payoff the capital note and interest in five years plus cover operational costs. Staff will also seek an annual amount from the school district to cover future building system replacement needs. The school district has requested that the city pay $50,000 towards the bathroom upgrade, as this work would be required prior to any facility improvement. t_ ~ ~, r ',' -', ,,~, ,^" , l', ^,; -~ ,~ <~I < - -" RESPONSE TO. ," - ,/ '. REQUEST FOR PROPOSALS ,,', , ,,' ',., ' T'O","" ';':" ' ',:: " {, ;,; ." " '~,' >"'" r> c ' > ,-, -', '} 7- "~""~~"-r'O"""'O''''' ......_~..._~.,~_,.,..~..___ "''<.....~.. ,.,-~-................~._...,........,..........- --.r.....--.-.. ,..................--- :y ',- 1 " . THE.CITY.OF.'HOPKINS... I _ ~ , / r, r ' - ~ ,'l" ,_ ~< \ " ,- ,_ " } , ,- ( -f" . .FOR " '" ,ARCHITECT~L SERVICES . FOR 'THE II '-, , <'- ~,- " - y! ':. " :,'HOPKINS:PAVILION:.,; ,." . MEZZANINE. RE MOj)E LING . ~ - ,- '" ,', ' \ I '; ~ "-1' ;-" ,', , ,~ , " - ", " ,\"' , ,(., -',,' , / ~ ~ ~ ~- ~ , "~' , ,'- ,', ~~ - ':. "'GitjJ()j;cFfOp~ins 'I' . ' .' , " " ),~ " , , ',' \ [""""'-- vt"'.. ~ ..,~_-.,........~ ,,_"c.."',.......~, .._~,~.~""..........'"l...-.........................--......, _ "'~_"~-vr ..-.--, J " , .' M~y 15;20()3' I', -" " 'J 1 _ r} ~ " -"" . ' ~--' - I , " '" Jl ARCHITECTS ,I " ~ .," / '<': .' . .' J..ANDSCAPE DESIGN . ':,. ' . 'SPACE PLANNING . ,~ - , " 'I ' , - ' ~ JACK EDWARD ANDERSON ARCHITECTS. INC. . . 6440 FLYING CLOUD DRIVE. SUITE 202, , EDEN PRAIRIE. MINNESOTA ',55344, . PHONE (952) ~35-5164' . F~ (952)935-2102 , -' '- "-( ,---;- - ,/ ,) " Cr -, -)~ , , . I.,' .' , , . JE' ,~ .. A ARCHITECTS " ' " , . 'ARCHITECTURE ' . ' " . SPACE PIPNNING IPNDSCAPE DESIGN May 15, 2003 Steve'Stqdler , PublicWorks Director i City of Hopkins' , 101.0 First Street South 'Hopkins,MN 55343. Re: Response to Request for Proposals to the city of Hopkins for the Hopkins Pavilion Mezzanine Remodeling Project Dear Mr. Stadler: I ) Thank you for this opportunity' to present.our proposal for the Hopkins Pavilion' Mezzanine Remodeling , Project. We, welcome theopportunityto,work with the City on thisp~oject., " , ,I ,', " !,' 'r , ' \ 111 working'with City,Staff,and researching the projett, we have identified thefdllowing key issue~: , ", , ' . \ ~ . " (1) . Productive Partnership: " We have an inclusive proc~ss that facilitates a productive . partnershipwith the city (and School District). ,This approach . will result in a successful project. We will work to provide an.architectural solution thatis functional, cost effective, and harmonious with the existing building. . ' (2) Project DesiglJ: , ' , . Work early to ~erifY design layout and code issues . Add Restrooms as necessary . . , . Coordinatewith the Construction Manager , ,'We will meet with the City and Construction Manager to , establish a schedule, developing,a timeline that incorporates team methods" insuring on-time completion of the project. We will work closely with staff In developing realistic and ' ,appropriate options that adhere to the budget set by the, City. ' We have routinely worked with municipalities in providing creative, accountable and responsible ,solutions. I will personally,be responsible for preparation of the project and coordination of the , , ' " engineering disCiplines and production team. This project is important to our firm, and we are prepared to . immediately commence, work 'and commit the time and attention thatthi~ project demands., ' (3) Scheduling/Budget: , JACKEDWARD ANDERSON ARCHIrECTS, INC, 6440 FLYING CLOUD DRIVE, SUIrE 202 EDEN PRAIRIE, MN 55344 (952) 935-5164 FAX (952) 935-2102 ,\ J ~ ~ J-" i: '" . '. . 'r,' , ' , .,' Jl ARCHITECTS , ',' , Steve Stadler , Public Works Director M~y, 15, 2003 , Page 2 In addition you can be assured that my 29 years of experience will be puUo good use in accomplishing' and managing the work. This will assure quality; detailed drawings and specifications that translate into mor~ accurate bidding and thereby resulting in fewercchange;orders. Our record for change orders is ., historically; very low." ," " We look forward tohearing from you regarding the Hopkins Pavilion Mez~anineJ~emodeling Project. \ Jack Anderson,AIA, CID , , President \ I"~ JEA/k,da enclosure 's, ' '" ,I, , 1'\ ", , ,I), \' ' I~\ '. ". " '; , I -/,' . ( SCOPE OF WORK 'I. : Pavilion Remodelinq A. . The Project consists of the'followil')g m~jor 'elements: / 1. Tenant improvements(5,500 SF) onfheexisting mezzanine level (for School District270) ( , ,~ , .' -, '" ' 2. Elev'ator/Restroom Addition 3. Provision of Elevator Equipn:,ent, Room 4. Remodeling existing main restroom core, if necessary . ",,' B. The project will be completea utilizing~o-three b'id packages, working with-the City's Construction Manager. The ,bid packages are as follows: ' . 1. Bid Package #1 -.Elevator Equipmeht, , 'r', 2. Bid Package: #2 - Roof Top Units." . 3. Balance of the Project C. Review the future growth and improvements d the facilitY. , I \. ", , ' '" ,D. Verify and integrate ;zoning, building and .accessi~ility codes relative to the Project. E. '. We have included time to detail millwo~k item~ (i.e., counte~& andc~bjnets) trat may be . necessary. " , " " , ) , " -' " :, r ' ,\, " I ~ - - " ", F.' This work will involve Architectural Design and $tructural, Meehanical'and Electrical. Engineering with the following phases of work:' " .' .' I' . \ " / . The fOllowing phases are typical of Project Development: Schematic Design Design Development .Construction Documents/Bidding ~ . Construction Administration Creation of optional design solutions that are responsive to the p'rogramand in harmony with !he critical specific,ations of a projecL. ' Develop,selected design andtechhology solutions and confirm' that budget and scheduling requirements c;:an be met." . " , . Our level of detail and document quality will help " to insure good bid results and a cost-effective . project. i . . Monitor all construction to insure document, complIance. ," .' II. Additional Notes A.' " VYe'will work closely with the City's Construction Manager. , " \ \ ' ,- , . I , " -, '_ _ r ,/ . B. We will .review the cost estimate and schedule of the project provided by the Construction . Manager at the end of each project phase. , , ' ..' l " " ." , C r < ' . ' . .' \ " C. . Per our review with the Construction Manager, we feel that the September 1 schedule will most likely have tobe'movep to a later completiondate (Le., October 1-1,5). This will, of, . course, have to be reviewed and verified at the initial kickoff meeting. . , D. 'During bidding, the documents will be delivered 'from our office to the reproductioncompariy , . and then distributed by the reproducfioncompany as per instructions 'from the Construction ManaQer. , '. " , " J'~ \", ,~, "".;' , -' ' ~ } r ' ,~, - " . .' . '.' ESTIMATED ARCHITECTU RAL SERVfcE FEE , . ,',l( A., Archltectural'Service Fee , '-, \ . J Based on'an estimated'project cost of' $400,000 - $450,000 (to be verified), we pr~pose our Architectural .' Service Fee to be ,$38,250 plus reimbursables, for the .Hopkins Pavilion RerrlOdeliilg Project. ,i _ " " , B." Reimbursables' . . Reimbursables ~equired will be billed at ,1.15 times' cost unlesslndicated otherwise, These items include: 1. , 'Reproduction ($2.00 per 24 x 36 sheet and $0.25 per 8 % x 11 copy) 2. Messenger/delivery -,3. .; Travel ($OAO/mile) . / 4., Faxes '($1.00/page) ,5. Long distance telephone calls 6. Photography' . , . 7. Consultant Reimbursables ' 'C. Notesr. , ' ) 1. .Additi~nal costs include pdditionalservice reimbursables (mileage, prints, photocopies, etc.) 2. . Additional services would be provided on an hourly basis, atthe rates ,listed below:."' . 3. Testing of existing materials (such as hazardous, structural orexlsti!lg roofmaterials), if required, will be provid~d by the City.:' ., \ ,,' ", 4; Site survey will be provided by the City., , 5.' Existing building information will be provided by the City.' " . 6. 'JEAArchitects Will enter into the AlA agreement appropriate forthe project. 7. ~ Hourly rates schedule attached. . '" . 8. The City's Construction Manager will provide cost estimating and scheduling for the Project. '" -, ' . . p..AdditionaINotes ,.' 1.. ,Theabove fees are negotiable and we could look at reductions based Lipon~ a review with the City . and commensurate ~eductions in the proposed Scope of Work. For ex~mple: . . , . a. , We have included within the fee, one contract document sheet of details for millwork , . (collnters, cabinets, etc.), if needed. '. . 2. We have included within th~ fee the following site visits/meetings during'construction. . a.' 5 Architectural plus 1 final walkthrough b. ' 1. Structural c.' 1 Mechanical plus 1 final walkthrough . d.1 Electrical plus 1 final walkthrough " ,,' ,'( '^e e" ,HOURLY COMPENSAtiON OF INDIVII)UALS , \ ,~\' ( ,~ ARCHITECTURAL PrinCipal/Project Manager Project Architect Senior Technician , Technician' , Clerical/Technician II $105 $85 $65 ,$45 i,' $35 'MECHANICAL/ELECTRICAL ENGINEER , ~ /' Project Manager~ Project Engineer ^ . Designer Drafter ,.',c\ , $100 ,$80 $65 , $55 STR'UCTURAL ENGINEE~ Project Manager' ^ ' project Engineer / Designer Drafter $100 "$85 ',' . $65 ' $45 ' , " " , ' REIMBURSABLES ,tJ; . - ~ ~ " Reim,bursables required will be billed !'lf1.15 times, cost unless i'ndicated,othenivise. These items include: J ",- l' 1.~ Reproduction ($2.00 per 24 x 36~heet and $0.25 per 81/2 x11 LCOPY) 2. Messenger/delivery . ' . " , . ,3. Travel ($OAO/mile) ^ . , , 4.', Faxes ($1.00/page) , , '5. long distance telephone calls 6., PhotOgraphy , 7. . .consultant Reimbursables , " ',' 'v~' l 05/19/2003 21:55 9529352102 JEA ARCHITECTS PAGE 02 ..11 ARCHITECTS /lRCHm:cruRE . I.JWDSCIlPE DESIGN . SPACE PLANNING May 20, 2003 Steve Stadler Public Works Director City of Hopkins 1010 First Street South Hopkins, MN 55343 RE: Schedule Commitment for the Hopkins Pavilion Mezzanine~Remodelin9 Project Dear Steve; Based on our meeting of May 16,2003, we are prepared to complete the following schedule for the Hopkins Pavilion Mezzanine Remodeling Project. These are completion dates for architectural/ engineering drawings and specifications: May 21, 2003 Project Start Up July 9, 2003 Bid Package #1 (Elevator equipment and concrete leveling) Bid Package #2 (Roof top register and grills) Bid package #3 (Tenant leasehold improvements) Bid package #4 (Lobby elevator shaft, restroom. two floor addition) . June 5, 2003 June 12, 2003 June 25, 2003 As per our conversation today, it is my understanding that the School District will not be moving into the space until September 10,2003 at the earliest (whiCh is after the start of school). We look forward to hearing from u to receive the" - ead" to work on this project. Please feel free to call with any quest" s. Ikda . JACK EDWARD ANDEflSON ARCHITECTS. INC e4AO FLYING CLOUD ORNE. SUJ'TE 202 EDEN PPAIRIE, MN 55344 (952) 935-5164 FAX (952) 935.2102 05/19/2003 21:56 9529352102 JEA ARCHITECTS PAGE 03 . JIARCHITECTS AAa1rTECT\..f1E . lJlNDSOAPF. DESIGN . SFr.o.CE rtANNING May 20.2003 Steve Stadler Public Works Director City of Hopkins 1010 First Street South Hopkins, MN 55343 Re: Amendment to Fee Proposal to the City of Hopkins for the Hopkins Pavilion Mezzanine Remodeling Project Dear Mr. Stadler: This is an Amendment to our Fee Proposal dated May 8, 2003 regarding the above-referenced project. Based on our review and discussion of the project on May 16"" the following are cost adjustments relative to work scope adjustments: 1. Input of existing portions of the building into CAD (based on existing drawings) $ 1,290 . 2. Additional design and detailing work (Arch/Eng) regarding restroom upgrades to existing building (prior to this meeting, it was unclear as to what would be done in this area) $ 1,940 3. AddItion of one bidding period due to increase from three to four bid packets $ 1.270 Total Increase in Fee $ 4.500 Original Fee 38.250 GRAND TOTAL FEE $ 42,750 In addition, per our conversation with Rick Davidson. the existing building occupant load will be provided to us from the City. Please feel free to call if you have any questions regarding this Amendment. Thank you! JEAlkda JACK EDWARD ANDERSON ARCHnF..GTS, INC- M40 FLYING CLOUD DRM:, SUITE 202 EDEN PRAIRIE, MN 55"..M (952) 935-5164 FAX (95?) 935.21 O? . ~ KRAUS-ANDERSON.. CONSTRUCTION COMPANY ~ CONTRACTORS & CONSTRUCTION MANAGERS May 15,2003 Mr. Steve Stadler City of Hopkins Department of Public Works 11100 Excelsior Boulevard Hopkins, MN 55343 Re: Hopkins Facilities Improvements Project Hopkins, Minnesota KAMW #90009 Dear Steve, . Weare pleased to receive your request to provide Construction Management services for the Classroom Fitup of the Ice Arena mezzanine area. The project will include approximately 5,500 square feet of existing unfinished space converted to classroom/multipurpose space, new restrooms, an elevator, and renovation of existing restroom to ADA compliance. There will be several bid packages including concrete topping slab, elevator, mechanical equipment package, exterior concrete and masonry, interior space finishes, and ice arena restroom renovations. The project schedule will require a concentrated effort by all parties to complete the work as soon as possible. We estimate the construction will cover approximately three months to complete all work. The scope of our service will include attend a design meeting, issue bid packages, receive and analyze bids, issue contracts, schedule the work, hold progress meetings, provide full-time on site supervision, manage the payment process, supervise the punch list completion, provide as-built and closeout documents, and assist in the Owner's acceptance and move in to the completed space. We propose to provide construction management service for this project for a not-to-exceed cost of SIXTY-THREE THOUSAND ONE HUNDRED FIFTY AND NO/lOO DOLLARS ($63,150.00) as outlined in the attached proposed schedule. We appreciate your continued interest in working with Kraus-Anderson Construction Company, Midwest Division and would appreciate your favoring us with the award ofthe additional work. Very truly yours, KRAUS-ANDERSON@CONSTRUCTION COMPANY MIDWEST DIVISION ~A-~ David A. Chase Project Manager Midwest Division 8625 Rendova Street, Circle Pines, MN 55014 Phone: (763) 786-7711 Fax: (763) 786-2650 Equal Opportunity Employer i~ ~.~, H~:Z ~ ... }~..( ':,~i" }jt~~ . . . ,ce Arena Classroom Fit-l.JR 1, _ __! I ~. 011' ~ 1-y ~ ~.. - ' {~::. ,J. ..: .- ( .> 'I:{:.. . ,,';-' Fee Based on the project description and parameters as described in our cover letter, we propose a fixed fee of $15,000. FEE TOTAL: $ 15,000 This fee is compensation for basic construction management services as follows: · Pre-Construction Phase Project Management · Cost Estimating and Budgeting · SchedulinglPhasing Coordination · Value Engineering · Bid Packaging and Trade Contractor Awards · Accounting and Bookkeeping at Home Office · Punchlist and Final Close-Out · One Year Warranty · Enforcement of Manufacturers/Suppliers Warranties · Home-Office Support/Overhead and Profit Personnel Project Manager Superintendent Administrative Assistant 120 hours @ $75 480 hours @ $65 60 hours @ $30 $ $ $ 9,000 31,200 1,800 PERSONNEL TOTAL: $ 42,000 Reimbursables Site Office MileageNehicles Telephones/Fax Office Equipment Postage/Courier Office Supplies Included With Other Project 3 months @ $ 1,000 3 months @ $ 800 Included With Other Project 3 months @ $ 250 Included With Other Project $ No Charge $ 3,000 $ 2,400 $ No Charge $ 750 $ No Char.2;e REIMBURSABLES TOTAL: $ 6,150 Total Proposed Compensation (not-to-exceed) $ 63,150 riD KRAUS~ANDERSONlI CONSTRUCTION COMPANY CONTRACTORS & CONSTRUCTION MANAGERS @ Mezzanine Finishing/Elevator-Restroom Addition SF Const. Cost C&D Total Class/Meeting Rooms 1,800 $72,000 $14,400 $86,400 Teachers Office 250 $10,000 $2,000 $12,000 Computer Lab 300 $12,000 $2,400 $14,400 Elevator Equipment $50,000 $10,000 $60,000 Elevator Shaft 120 $9,000 $1,800 $10,800 Lobby, Hallway, Other 2,870 $114,800 $22,960 $137,760 Restrooms (ADA singles) 80 $12,000 $2,400 $14,400 Restrooms (Addition) 400 $60,000 $12,000 $72,000 Restrooms (Existing-Remodel) 330 $24,750 $24,750 $49,500 Construction Management $60,000 0 $60,000 Architectural Desian Services Q $40,000 Q j)40,000 Totals 6,150 $464,550 $92,710 $557,260 5 Year Payback of Construction Costs 3% Annual Increase to Operational and Replacement Expenses Construction Payback Based on a 5% Interest Rate . $40,$75,$150 PSF and 20% Contingency and Development for Construction . Total Annual Const. Payment Operational Replacement Payment Year 1 $126,000 $13,223 $9,225 $148,448 2 $126,000 $13,619 $9,502 $149,121 3 $126,000 $14,028 $9,787 $149,815 4 $126,000 $14,449 $10,080 $150,529 5 $126,000 $14,882 $10,383 $151,265 Year 6 $15,329 $10,694 $26,023 7 $15,788 $11,015 $26,803 8 $16,262 $11,346 $27,608 9 $16,750 $11,686 $28,436 10 $17,252 $12,037 $29,289 11 $17,770 $12,398 $30,168 12 $18,303 $12,770 $31,073 13 $18,852 $13,153 $32,005 14 $19,418 $13,547 $32,965 15 $20,000 $13,954 $33,954 16 $20,600 $14,372 $34,972 . 17 $21,218 $14,803 $36,022 18 $21,855 $15,248 $37,102 19 $22,510 $15,705 $38,215 20 $23,186 $16,176 $39,362 21 $23,881 $16,661 $40,543 22 $24,598 $17,161' $41,759 25 $25.336 $17.676 $43,012 Total $630,000 $429,108 $299,378 $1,358,486 Operational Expenses 6.150 Utilities @ $0.25PSF(6 month) $9,225 Staffing ($0.30PSF) $1,845 Maint./Supplies ($0.35PSF) $2.153 Total $13,223 Mezzanine Costs- Summary .ote: Construction based on: $40 PSF For Finishing Mezzanine $75 PSF For Restrooms & Elevator Shaft $150 PSF For Restroom Addition Contingency and Development based on 20% of Construction Costs Operational and Replacement have a 3% increase annually Based on a Five Year Payback of Construction Costs SF 6,150 Operational! Const. Cost Replacement $557,000 $22,500 Year One $148,000 Year 6 $26,000 . . CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 03-050 DECLARING THE OFFICIAL INTENT OF THE CITY OF HOPKINS TO REIMBURSE CERTAIN EXPENDITURES FROM FUTURE FINANCING PROCEEDS TO BE ISSUED BY THE CITY OF HOPKINS WHEREAS, the City expects to incur certain expenditures which may be financed temporarily from sources, other than financing sources, and reimbursed from future financing proceeds; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HOPKINS (THE "CITY") AS FOLLOWS: 1. The City intends to incur expenditures for the project described in Council Report 03-083 for renovation of the mezzanine at the Pavilion, ("project"), and intends to reimburse itself for such expenditures from future financing proceeds to be issued by the City in the maximum principal amount described in the "project". . 2. The City Manager is authorized to designate additions to the "project" in circumstances where time is of the essence, and any such designation shall be reported to the Council at the earliest practicable date and shall be filed with the official books and records of the City. 3. This resolution is intended to constitute a declaration of official intent for the purposes of future financing and any law, regulation, ruling or amendment pertaining thereto. Approved by the City Council of the City of Hopkins this 20th day of May, 2003. Eugene Maxwell, Mayor ATTEST: Terry Obermaier, City Clerk . . \ ' ~ ~ \ij 'l( \.S) '"' ..\. I t (\ !,A ;. (~b Q ('<\ ~ <:1" ~ ~~ OJ. ~ .. '.l.. no ~ 0 1"1> ...." "" ~,iP . 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