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WS Item 5 - Bicentennial Park Phase 2 Bicentennial Park Phase 2 Work Session Background Background Project Team Schrickel, Rollins & Associates, Inc. Dean Construction Background Schematic Design (2007) Phase 1 Completed (2011) Southlake 2030 PROS/CF Master Plan (2013) Phase 2 Design & CD’s (2011-13) Competitive bids opened (Sept 18th) Phase 2 Proposed GMP ($12,320,196) Financials Budget $12,467,891 Design & Expenses to Date ($ 1,271,950) Proposed GMP ($12,320,196) Anticipated Owner Costs ($ 284,217) ($ 1,408,471) (11%) Construction Costs Construction Costs Up 10% - 15% Contractors are busy Smaller pool of contractors Selective Funding & Scope Options Questions? Funding Options Option A Reallocate $1,000,000 (FY14 CIP) from Phase 3 to Phase 2 Reallocate $408,471 (Planned FY15 CIP) from Phase 3 to Phase 2 Option B Reallocate $1,000,000 (FY14 CIP) from Phase 3 to Phase 2 Reallocate $408,471 (Prior Yrs CIP) from Safety Town to Phase 2 Funding & Scope Options Option C Reallocate $316,680 (FY14 CIP) from Phase 3 to Phase 2 Defer 60/90 Field ($1,091,791) to Phase 3 Option D Reallocate $316,680 (Prior Yrs CIP) from Safety Town to Phase 2 Defer 60/90 Field ($1,091,791) to Phase 3 FY 2014 SPDC CIP Expenditures to Date Design $1,246,250 Playground Demo $ 19,935 Asbestos Abatement $ 5,765 $1,271, 950 Anticipated Owner Costs Asbestos Abatement Services $ 4,000 Temporary Parks Office $ 52,717 Parks Office FFE $ 80,000 Parks Office A/V $ 32,500 Parks Office Phone/Data Servers $ 25,000 Parks Office Network/Fiber Optic $ 20,000 Security & Card Readers $ 70,000 $284,217