TO: Mayor and Members of City Council
THRU: Douglas J. Hewett, ICMA-CM, City Manager
FROM: Kristoff Bauer, Deputy City Manager
Tracey Broyles, Budget and Evaluation Director
DATE: December 10, 2018
RE:
Title
Adoption of Budget Ordinance Amendment 2019-10 and Capital Project Ordinance Amendment 2019-23 for Stadium Construction
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal II: Diverse and Viable Economy
* Target for Action: Ensure Project Homerun in on time and on budget
Executive Summary:
The final Guaranteed Maximum Price amendment to the stadium construction contract and stadium budget ordinance amendment were approved by Council March 19, 2018. Since that time, all of the diverse components of the owner preference items have been bid and the project has been challenged by weather (Hurricane Florence) and soil conditions. The Fayetteville Baseball Club, LLC ("the Woodpeckers") have also requested some design changes. As a result, the project budget needs to be increased by $2.3 million to support project completion in accordance with the established schedule.
Council is asked to adopt Budget Ordinance Amendment 2019-10 to appropriate $1.25 million from General Fund fund balance to provide for the City's share of the additional project budget. Council is also asked to adopt Capital Project Ordinance Amendment 2019-23 to appropriate a $1.05 million contribution from the Woodpeckers along with the General Fund transfer to provide the needed $2.3 million additional project appropriation for the stadium.
Background:
The March 19 City Council Agenda Memorandum contains a thorough description of the history of Council action related to funding the stadium that is not repeated here. The key actions from that meeting relevant to this decision are attached for reference and include:
* An overall increase in the project budget of just under $4.9 million (CPOA 2018-50)
* A $500,000 decrease ...
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