Title
Resolution Approving Change Order #3 to Barnhill Contracting Company Contract 2018-0110 in the Amount of $714,000 for Improvements to be Made at the Steven B. Tanger Center for the Performing Arts
Body
Council Priority: Create an Environment to Promote Economic Development Opportunities and Job Creation
Department: Coliseum
Council District: 3
Public Hearing: n/a
Advertising Date/By: n/a
Contact 1 and Phone: Matt Brown, 373-7400
Contact 2 and Phone: Marlene Druga, 373-2094
PURPOSE: Consider adoption of a resolution to amend Contract 2018-0110 with Barnhill Contracting Company (Change Order #3) in the amount of $714,000 to complete improvements at the Steven B. Tanger Center for the Performing Arts for the landscape irrigation cistern, North stage wall exterior lighting, parking entrance gate and fencing, box office entrance canopy, service elevator and to make final readiness preparations for the facility and administrative offices to open.
BACKGROUND: The City acquired various downtown properties for the Steven B. Tanger Center for the Performing Arts (Center). It is also responsible for managing Center design services and construction and equipment contracts that are being funded from bonds, private donations and other project revenues of $51.610 million and $41.826 million in donations transferred to the City from the Community Foundation of Greater Greensboro.
The City has recently raised additional private fund donations of $150,000 from two more organizations to supplement and/or enhance the project, increasing the total donations raised directly by the City to $5,075,000 from ten (10) entities. These funds are being paid in annual installments ranging from 1-10 years, with the funds being paid between 2017 and 2029. The City has collected $3,170,000 of the donations with a balance of $1,905,000 to be collected over the next eight years. Additional unbudgeted non-taxpayer revenues received also remain in the fund, prior to projec...
Click here for full text