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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD AGENDA ITEM <br />Agenda Date Requested:1/21/13 <br />Appropriation <br />Requested By:Traci E. Leach <br />Source of Funds: <br />Department:CMO <br />Account Number: <br />Report:XResolution:Ordinance: <br />Amount Budgeted:$0 <br />Amount Requested:$740,000 <br />Exhibits:A.Revised Project Scope <br />Budgeted Item:NO <br />B.Fund Summary <br /> <br />SUMMARY & RECOMMENDATION <br />In the 2012budget year, the La Porte Development CorporationBoardagreed to fund <br />improvements to Lomax Park and Arena.Work was originally scheduled to occur in two phases <br />and the original budget for Phase One was $1,200,000. Phase One included improvements to the <br />arena and new improvements to the park, such as a new restroom and concession building. The <br />EDC included half of this project budget in the FY 12 budget,with the other 50% coming from <br />the General Fund. Funds have already been expended for design and building demolition, <br />leaving $1,030,000 for the construction of the new restroom/concession building andthe arena <br />improvements. <br />Since that time, the City has been working with an architect to design and bid the project. Bids <br />were received on July 9 but were $520,000 over the construction budget. As a result of these <br />bids, staff has been working with Council and the community to value engineer the project and <br />identify all possible options for the project. On October 8, 2012, staff presented seven project <br />options to the Council and Scenario F was selected as the new scope of work for the Lomax Park <br />Improvements (see exhibit). Scenario F includes all work that was originally planned for Phases <br />One and Two. Total estimated cost for Scenario F is $1,770,000. <br />During the December 10, 2012 meeting, Council directed staff to approach the EDC regarding <br />funding the additional $740,000 to construct the project. It is possible that the EDC could be <br />reimbursed for part or all of this additional funding by the General Fund CIP based on potential <br />savings from existing projects. <br />Action Required by La PorteDevelopment CorporationBoard: <br />Consider approval or other action of additional funding for the construction of Lomax Park and <br />Arena Improvements. <br />Approved for La Porte Development Corporation Board Agenda <br />Corby D. Alexander, City ManagerDate <br /> <br />