Title
Construct the Charlotte Convention Center Phase I Renovation
Action
Action:
A. Authorize the City Manager to negotiate and award a guaranteed maximum price of $114,500,000 to Holder-Edison Foard-Leeper Company for Construction Manager at Risk Services for the Charlotte Convention Center Phase I Renovation project, and
B. Adopt a budget ordinance appropriating $11,900,000 from the Convention Center Tax Fund for the Convention Center Phase 1 Renovation.
Body
Staff Resource(s):
Tracy Dodson, Economic Development
Angela Lee, General Services
Mike Davis, General Services
Kelly Flannery, Finance
Explanation
* This project will construct renovations to the 23-year old Charlotte Convention Center, a city-owned facility in Council District 1.
* In 2015, the Charlotte Regional Visitor's Authority (CRVA) initiated a study that concluded that several improvements would advance the Convention Center's marketability and competitiveness.
* On September 25, 2017, City Council approved the set-aside of $110,000,000 of future debt capacity for the Convention Center Phase I Renovation.
* The city has selected the Construction Manager at Risk (CMAR) project delivery method to provide more effective coordination, more control of project costs and schedule, and to better mitigate risk during construction.
* Representatives from the city and CRVA selected Holder-Edison Foard-Leeper Company using the qualifications-based selection process to provide construction management services.
* Upon successful completion of the pre-construction phase, City Council approved an initial CMAR contract on November 26, 2018 for an amount not to exceed $98,000,000 with Holder-Edison Foard-Leeper Company.
* After bidding, negotiating with subcontractors, and value engineering, Holder-Edison Foard-Leeper Company has determined the cost of construction to be $114,500,000 - an amount that exceeds the current CMAR contract value by $16,500,000.
* The city and CRVA will use $4,600,000 of exist...
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