Title
North Tryon Street Business Corridor Project
Action
Action:
A. Award a contract in the amount of $9,667,225.78 to the lowest responsive bidder Sealand Contractors Corp. for the construction of the North Tryon Street Business Corridor project, and
B. Adopt a budget ordinance appropriating $4,300,000 from existing appropriations in the General Community Investment Plan.
Body
Staff Resource(s):
Mike Davis, Engineering and Property Management
Tom Russell, Engineering and Property Management
Explanation
* The North Tryon Street Business Corridor Project was initially funded in the 2010 transportation bond referendum, in amount of $9.5 million. Planning for the project began in 2011 to develop the original project concept that envisioned improvements along the existing North Tryon corridor between Dalton Avenue and 30th Street.
* After the design study was completed and significant engagement with property and business owners, it was determined that the preferred concept was a "one-way pair" option. This option would construct new inbound lanes on Church Street (approximately 0.75 additional mile of roadway improvements), allowing the project to better utilize existing right-of-way, reduce right-of-way costs, reduce impacts to businesses, and additional frontage area for revitalization.
* In 2014, as project design neared completion, the cost estimate was revised, and the project budget was increased by $3.5 million to a revised total project cost of $13 million.
* In 2016, as real estate acquisition neared completion, it was determined that the real estate costs greatly exceeded the estimates initially established in 2014. An additional $3 million was recently appropriated in the FY 2018 budget to account for the increase in real estate costs, in addition to construction and utility cost adjustments. This increased the project budget to $16 million.
Action A
* The North Tryon Street Business Corridor Project will rebuild Tryon Street to include th...
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