CR 93-85 Dow Towers Parking Lot
May 25, 1993 Council Report 93-85
DOW TOWERS PARKING LOT
Proposed Action.
staff recommends adoption of the following motion: Approve award of
contract for construction of parking lot south of Dow Towers to Frana
and Sons Inc. and authorize execution of the necessary contract
documents subject to staff conditions.
Overview
The HRA recently solicited bids for construction of a new parking lot
to address the increased parking needs of Dow Towers. As a result of
this process three bids were received. Staff is recommending award to
the low bidder, Frana and Sons Inc. They are the contractor that is
presently building the Sonoma Apartment Project for National Handicap
Housing Institute Inc. Frana and Sons bid was in the amount of
$12,450. Staff originally estimated the cost of the project to be
$15,000.
It is anticipated that construction of this parking lot facility will
begin in summer or early fall. The overall construction will be
coordinated with various activities taking place in the Sonoma
Apartment Project.
Staff has reviewed the recommended award with RLK and Associates. RLK
prepared the bid specifications and they feel comfortable that Frana
will be able to complete the project in conformance with the detailed
specifications.
As discussed previously with the City Council, Community Development
Block Grant funds will be used for this project.
Primary Issues to Consider
0 What are the staff's conditions?
The only condition staff recommends is that language be inserted
in the contract which outlines that "proceeding with the work as
detailed in the contract is contingent upon receipt of 1993
Community Development Block Grant dollars by July 1, 1993 and
that if such funds are not received by the city of Hopkins, the
HRA has the ability to terminate the contract with ten (10) days
written notice prior to an authorization to proceed."
As community Development Block Grant dollars are going to be used
to pay for this project, Hennepin County requires that such
language be detailed in the contract.
Supporting Information
0 site Plan
0 Summary of bids
~
Development Director
hereinafter referred to as the "Redevelopment Property"; and
WHEREAS, in order to achieve the objectives of the
Redevelopment Plan the Authority is willing to assist the
Redeveloper through the acquisition of the Redevelopment
Property and the conveyance of such property to the Redeveloper
at a cost which would make the Redeveloper's development
financially feasible; and
WHEREAS, in order to achieve the objectiyes of the
Redevelopment Plan the Authority has determined to provide
substantial aid and assistance to the Project through the
acquisition of the Redevelopment Property, its sale to the
Redeveloper for an amount less than the amount paid by the
Authority for such acquisition and certain other covenants and
undertakings of the Authority hereunder; and
WHEREAS, the Authority has created within the projects
two tax increment financing districts, one of which was created
pursuant to Section 469.042 (formerly section 462.585) of the
Act, and one of which was created pursuant to Minnesota
Statutes, Sections 469.174-.179; and
WHEREAS, the Authority intends to reimburse itself for a
portion of its costs of acquiring the Redevelopment Property
utilizing tax increment generated from the Redevelopment
Property and the improvements to be constructed thereon; and
WHEREAS, the Authority believes that the redevelopment
of the Project Areas pursuant to this Agreement, and fulfillment
generally of this Agreement, are in the vital and best interests
of the City and the health, safety, morals, and welfare of its
residents, and in accord with the public purposes and provisions
of the applicable state and local laws and requirements under
which the Projects have been undertaken and are being assisted.
NOW, THEREFORE, in consideration of the premises and the
mutual obligations of the parties hereto, each of them does
hereby covenant and agree with the other as follows:
2
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SUMMARY OF PROPOSAL
DOW TOWERS PARKING LOT
Received 5/25/93
Firm Name Bid Amount
Frana & Sons Inc. $12,450.00
7500 Flying Cloud Drive
Suite 755
Eden Prairie, MN 55344
Socon Construction Inc. $25,850.00
9901 Xylite Street NE
Minneapolis, MN 55449
. R.R. Construction of Minneapolis Inc. $21,885.00
4000 - 46th Avenue North
Robbinsdale, MN 55422
JKSUMMAR