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HomeMy WebLinkAbout05/17/2005, BUS 2 - 919 PALM STREET PROJECT council McdaDv � 05,1„zoos acEnaa wpoM �H CITY O F SAN LUIS O B I S P O FROM: Jay Walter, Director of Public Works Prepared By: Michael McGuire, Assistant Engineer SUBJECT: 919 PALM STREET PROJECT CAO RECOMMENDATIONS 1. Approve a revised project budget for the 919 Palm Parking/Offices project of $17;354,000 funded as follows: 919 Palm Parking/Offices Project Funding Summary Packing Fund General Fund Total Proceeds from Sale of Court Street 1,510,000 452,000 1,962,000 Parking In-Lieu Fees, Court Street Project 512,000 512,000 Parking Reimbursement from General Fund 145,000 145,000 Pay-As-You-Go Appropriations 1 75,300 157,100 23 2,40 0 Proceeds from Sale of Bonds 1 7,907,500 6,505,100 14,502,600 Total 1 1091499800 79204,200 17,354,000 2. Approve the plans and specifications for Tenant Improvements at 919 Palm, Specification No. 90323 and authorize the CAO to award the contract if within the project budget of$1.4 million. 3. Approve the sole source purchase for office systems furnishings at 919 Palm from California Business Furnishings and authorize the CAO to award the contract if the purchase is within the project budget of$525,000. 4. Authorize the CAO to issue an RFP and award a contract for Construction Management Services for 919 Palm if the contract is within the project budget of$30,000. REPORT-IN-BRIEF As the 919 Palm Office project nears completion, several outstanding issues need to be decided by Council in order for the final stages to proceed. Council is already very familiar with the need for this project and the agreements that have been reached for property exchange as well as the final fixed price that is due and payable upon completion. Those details are overviewed in the discussion section below. Items requiring further attention include an adjustment to the overall budget in order to correct cost figures used as part of the original budget,including an adjustment in the property acquisition cost as well as site remediation cost, an adjustment in the cost of constructing the tenant improvements that will be used as the office for the Public Works and Community Development Departments, and an adjustment in the budget to account for the cost related to moving in and hooking everything up. There will be an increase in the debt service C� . 1 � 919 Palm Street Project Page 2 costs for the project because of the increased bond amount needed. However, the increase is consistent with the amount reflected in the five year fiscal forecast presented to the Council in December 2004 and the balancing budget strategy approved by the Council in April 2005. Council action is needed to make these adjustments and authorize staff to proceed to construction with the two main parts of the tenant improvement plan. DISCUSSION Need for Additional Civic Office Space As early as the late 1980's, the Council acknowledged that City Hall could not meet the growth requirements of the City and was overcrowded, even with the "interim" relocation of Public Works Administration and Engineering to the building at 955 Morro Street in 1989. The Council also acknowledged that customer service and communication suffered with the fragmented locations of our major development review team "players", Public Works and Community Development staff. Even within these departments, employees were further fragmented, with Public Works construction inspectors located in a trailer at the Corporation Yard. Accordingly, the City contracted with an architectural and planning firm to develop a Civic Center Master Plan and a City Hall Addition Building Program, both of which were approved in late 1991. Unfortunately, difficult financial times occurred shortly thereafter, and the two plans were set aside. The need for additional office space did not go away, and in November 1999, the City contracted to update the original Civic Center Master Plan. A staff-task force was formed to evaluate City space needs and make a recommendation to the Council on the purchase of property for an expansion of City Hall facilities. The task force concluded that an office building in the range of 20,000 to 30,000 square feet should be constructed on the corner of Palm and Morro Streets, with underground parking included. The construction of additional civic office space eventually became a Major City Goal for 2001-03. At the same time that the City was moving forward with plans to construct new office space, staff was also in discussions with Court Street Partners LLC (the Copelands) over the original version of their proposed projects, a retail/commercial development and parking structure. They offered the idea of providing office space for City employees on the ground floor of the parking structure as a solution to the City's space needs. While the space available (16,000 square feet) would be smaller than the earlier 20,000 to 30,000 square foot recommendation, for a variety of other good reasons, this idea was embraced by the City. Approval of Property Exchange Agreements In February 2003, the City and the Copelands entered into a Real Property Exchange Agreement, in which the City sold to the Copelands the Court Street Parking Lot, where their major new retail/commercial development is nearing completion. In turn, the City agreed to make two purchases from the Copelands: 1. An initial purchase of property at the corner of Palm and Morro Streets(919 Palm Street) for $1,263,263 (2CAI 1 919 Palm Street Project Page 3 2. And upon completion, a parking structure with 16,000 square feet of ground floor office space, located on the site, for an agreed upon fixed price of$12,169,947. The office space was to be a shell only with the cost of tenant improvements budgeted separately at an estimated $760,000. Additionally, the Council approved an Option Agreement with the Copelands for the purchase of City-owned surface parking lots between Palm and Monterey Streets and the Public Works building at 955 Morro Streets, to be used as the location for their proposed Chinatown Historic District Project. Designation of a Tenant for the Office Space When the property exchange agreements were approved, staff did not make a recommendation on who should actually occupy the office space to be built. However, none of the original drivers of the Civic Center expansion Major City Goal had changed. City Hall workspace was more cramped than ever. The development review process was still physically split between Community Development, located in City Hall; and Public Works, located at 995 Morro Street. Public Works inspectors were still housed in temporary trailers at the Corporation Yard, separated from their engineering teammates at 955 Morro Street. And significantly, the City was agreeing to sell the 955 Morro Street office building to the Copelands should they exercise their option. Accordingly, in June 2003, staff recommended, and Council approved, the City as the tenant for the new office space in the parking structure located at 919 Palm Street. The Council also approved $350,000 in funding for a modest reconfiguration of City Hall, once the Community Development Department departed, in order to alleviate very cramped quarters on the second floor. The Tenant Improvement Concept and Advantages of the Added Space In designing the tenant improvements at 919 Palm Street, staff has work with our consultants to create exciting opportunities for service improvements, most specifically in the area of development review. By moving the Community Development Department and Public Works engineering, development review and public works inspection staff into the same facility, we will create "one stop shopping" for customers using development services. A single public counter will allow opportunities for builders to address problems in a collaborative way with staff representing all aspects of the development review process. This enhancement has been a cornerstone of all the City Hall expansion plans dating back to the 1980's, and will become a reality through this project. Finally, when the Community Development Department leaves City Hall, a significant portion of the downstairs space will open up. While final plans have yet to be developed, it is likely that the Finance & Information Technology Department, which is currently split between upstairs and downstairs, will be able to consolidate downstairs and all be in the same location for the first time in about fifteen years, with the exception of the computer room. This change will allow for better operational functioning and supervision of the Finance Division staff. It will also allow for the co-location of telecommunications technical staff, who are currently located at Fire Station No. 1 and the Corporation Yard. Similarly, the Natural Resources Manager and Economic Development Manager will be able to move upstairs to the same floor as their support staff and a-� 1 919 Palm Street Project Page 4 department head. The City Clerk will likely occupy the old Finance & Information Technology Department offices upstairs, allowing for long needed improved workspace and storage for their department, the Administration Department and Council members. Need for Additional Funding for Tenant Improvements Unfortunately, as will be addressed in greater detail later in this report, for a number of reasons the cost of the tenant improvements for 919 Palm Street will be significantly greater than the original budget of $760,000, which omitted some essential costs. However, staff still believes that the City is the best tenant for the office space. Some of the arguments in favor of this decision that were made in June 2003 still hold true and are listed below: 1. Consolidating City departments into one building will facilitate and improve communications and interaction between those departments. 2. Consolidating City departments into one building will also improve the public's access to City services and provide a one-stop-shop for advice and direction. 3. Significant staff effort and design has already gone into preparing for City occupancy, and with the recent planning application for the Chinatown project, it would appear that the 955 Morro site will soon be purchased. More importantly, the Copelands have recently submitted plans for the Chinatown project, and, upon their approval, will be exercising their option to purchase the Public Works building on Morro Street. So, in order to further this visionary retail and residential project, the City will need space somewhere to relocate the approximately 40 employees working in that building. Currently, there is no such space at any existing City facility. Finally, as is more fully addressed in the Alternatives section, because the office space is only a shell building, the City would still need to pay for many of the proposed improvements even if the building were leased to another tenant. Revised Project Budget 1. Real Property Acquisition Costs On February 18, 2003 Council approved the following amount for the 919 Palm property acquisition: $1,263,263. This amount was the fair market value plus a share in easements necessary to facilitate the construction of the structure as designed (those easements are over property held by Vintage Properties and the Tartaglia Family). On October 7, 2003 a staff report regarding adjustments to the Fixed Price for 919 Palm was taken to Council. In that report, an incorrect number was used for the property acquisition. That number was $1,172,500, which omitted the easement acquisitions. This item revises the cost figures to accurately reflect what was originally approved by Council. r . 919 Palm Street Project Page 5 Tenant Improvement Project 1. Discussion a. Sustainable or"Green"Design One of the earliest objectives in the design of the tenant improvement for the combined offices of the Public Works and Community Development Departments was to incorporate sustainable or "green" design components and materials. The benefits of sustainable design are plentiful and include methods and materials that have less impact on the environment, materials that are of recycled content, less energy usage and increased longevity along with requiring less maintenance. While initial costs of sustainable design can be more than for conventional design or materials, the life-cycle costs are less due to longevity and less material maintenance. The main sustainable element of the tenant improvement is the geothermal mechanical system. Pumps will circulate tap water through a system of looped piping placed in 50 vertically drilled boreholes 300 feet deep. The circulating water, moderated by a consistent 62'F temperature underground, will moderate the temperatures in the office space all year long. Sixteen heat pumps will move energy to or from the earth by way of the ground looped piping. This closed loop circulation system will save approximately 10,000 gallons of water a year that would normally evaporate using a conventional heating and cooling system. Also, it will prevent an estimated 20,000 pounds of carbon dioxide and 18,000 pounds of sulfur dioxide from being generated and released into the air annually. Other forms of ``green" design are found in the selection of interior materials such as tile flooring, carpeting, linoleum flooring and ceiling insulation. All of these materials contain a portion of recycled material content and can be recycled for reuse. All of the lighting used in the tenant improvement is low wattage, energy efficient type fixtures. On the west and south walls of the main workspace, metal-framed "eyebrows" have been designed to deflect direct sunlight into the office space but allow indirect light to reflect back into the offices, reducing both cooling and lighting costs. The main cost item in this area is the geothermal temperature control system. The initial components for this were installed as the very first item of work and so there is little we could do to change this. While this will save costs in the long run, the added initial cost for this is $65,000 over a standard HVAC system or$4 per square foot. b. Government contract issues One of the aspects of increased cost for the tenant improvement is that the project must be publicly bid and adhere to provisions required under government contracts. Prevailing wage rates for labor by various building trades are required for government jobs and will significantly increase the cost 919 Palm Street Project Page 6 of construction. Add to that the costs for workers compensation, liability insurance, performance bonding and other aspects associated with government contract work, and the square foot cost of construction will exceed the cost of private-sector construction. c. Construction materials costs Another factor in the escalating cost of construction is the cost of construction materials. The past few years have seen the cost of all construction materials particularly steel, concrete and wood, skyrocket. This is due to a number of factors: demand for materials world-wide has increased sharply while production has not kept pace, creating a limited supply of materials and driving up the cost of those materials that are available; production costs have increased due to more stringent regulations regarding worker safety and environmental concerns; fuel prices have risen that increase the cost of production and the cost of shipping these materials. While construction has not slowed down, construction material costs have significantly contributed to the overall increase in the cost of construction. d. Oversight of Tenant Improvement costs While tenant improvement construction costs have increased, as previously mentioned, much of the difference between the estimated budget and the current construction costs can be attributed to the budget estimate not taking into account a nurimber of costs associated with the overall scope of construction. The initial budget for construction was included in the early estimates for the structure. The estimate included an allowance for tenant improvements in the range of$30-40 per square foot to provide a"base" level of improvements that would make the space leaseable. The prospective tenant would have then negotiated a contract with the City that would have included final improvements which would have been recoverable through the cost of the lease. For an unknown reason, when staff brought the fixed price adjustment back to the Council for approval in October 2003, this base amount was left out of the estimate for tenant improvements and design. The amount the Council approved at that time was only a cost estimate for the office furniture and cabling and electrical costs, which was presented as $760,000. Also, since the decision has been made for the City to occupy the office space, a total cost per square foot has been developed. This cost is significantly higher than the initial base estimate, and it must be paid up front because we will not be recovering it through the lease with some other tenant. Council is being asked to approve a complete cost for the tenant improvements at this time. The table in the Fiscal Impact section has the breakdown of all of the cost items for the tenant improvement space. r � 919 Palm Street Project Page 7 2. Cost Estimates a. Typical commercial cost: Recent industry costs for tenant improvement projects of this occupancy type and size have ranged from $70.00 to$85.00 per square foot. b. Typical commercial cost with prevailing wages: Projects that are constructed under prevailing wage provisions can be expected to be 30% higher in cost than typical construction projects. This would result in costs ranging from $91.00 to $110.50 per square foot for a tenant improvement project. c. 919.Palm Street cost: The most recent cost determined for 919 Palm Street with all the specified material and constructed under prevailing wage rates is approximately $90 per square foot, excluding the extra cost for the geothermal mechanical system. 3. Value Engineering a. Design items found In response to the construction cost estimate provided by the Architect, Staff directed two local general contractors to perform their own cost estimates as a means to determine the construction cost within a competitive bidding environment. Although both of the contractor's construction costs were lower than the Architect's estimate, Staff concluded that costs could be decreased even further by undertaking a value engineering analysis of the tenant improvement. Value engineering involves reviewing the construction project, replacing a building material with a less costly material and/or modifying a design feature with a less expensive element, yet maintaining the purpose and function of that material or design element. The most significant design element found that resulted in substantial cost savings was the substitution of ceiling types over the walkway fronting the managers' offices. The original design specified an organic, three dimensional, "wavy" ceiling along the front of the offices that provided a dynamic contrast to the flatness of the remaining ceiling over the main workspace. When it was determined that the cost of this ceiling system was nearly half of the cost of the remaining flat ceiling, it was substituted with a flat soffited ceiling that still broke up the flatness of the ceiling and yet provided a significant cost savings. Other design items found were eliminating the labor-intensive tile patterns in the main lobby and restrooms for a simpler, less costly pattern. Some hand- crafted tile was eliminated due to its cost. Flooring costs were further reduced by specifying a carpet that was less costly and more durable, and by expanding the carpeting into the hallways in place of the costlier tile. The pendant-type a9 919 Palm Street Project Page 8 lighting fixtures for the main workspace were replaced with a more structurally stable and less expensive fluorescent fixture due to the high cost of the pendant fixtures and concern for vibration from traffic on the parking deck above. b. Design items rejected While more design elements or materials were found that could have resulted in greater cost savings to the overall construction cost, they were not implemented. Utilizing all of the value engineering items would have saved money but would have resulted in a bland, unappealing office space to work in that would have resulted in employee dissatisfaction with the work environment. For instance, the carpeting and tile throughout the office space, as a cost- saving measure, could have been eliminated and a sealed concrete floor specified in its place. This measure was not considered, though, due to concerns regarding noise, acoustics within the space, handicapped accessibility issues, interior temperature and the resulting undesirable look of the workspace. This also applied to the work space ceiling. Staff considered elimination of the grid ceiling system for substantial cost savings but eventually abandoned that idea due to noise concerns within the office and from the vehicles on the deck above. In order to minimize the noise from traffic, insulation has been specified at the ceiling area and without a ceiling in place, there would be no means to support that insulation. A solid, board-type insulation could be substituted but would be a more expensive product and require more labor to install, negating any cost savings. There were concerns about the starkness, or industrial, warehouse look that would result from the elimination of a ceiling that would expose wiring, mechanical ducts, conduit, cables and structural components. Another material considered was replacing the Corian countertops, a seamless, durable, low maintenance material, with a plastic laminate material. This idea was rejected because of the wear and tear that the countertops will experience. Although a less costly material, plastic laminate countertops have seams that in this heavy traffic environment from the public, would become chipped and delaminated from the casework, resulting in a shoddy, cheap appearance and require more repair and maintenance than the originally specified Corian. Lastly, the back-up generator that would allow the 919 Palm Street office to be used as an emergency operations center could be eliminated. The trend has been to supply back-up power for public buildings during power outages and would provide the City with an alternative operations center during an emergency should the Corporation Yard facilities be rendered unusable. Staff a -� 919 Palm Street Project Page 9 decided against removal of the generator considering its importance in keeping City functions in operation during emergencies. 4. Miscellaneous Costs a. Printing& Advertising Costs for the printing of the tenant improvement construction documents, for. bidding purposes and additional sets required by the awarded contractor, plus costs for advertising the project for public bidding will total approximately $5,000. A little of this will be recovered through charges to bidders to purchase copies. b. Designer Construction Support The Architect, RRM Design Group, will be required to assist during construction of the tenant improvement by responding to requests for information from the Contractor, reviewing Contractor submittals, and attending construction meetings and making site visits on an "as-needed" basis. The estimated fee for this support is $10,000. c. Construction Management/Inspection Currently, the construction management and inspection duties are slated to be performed by Public Works Staff Inspectors. Given that the workloads of the Inspectors might be filled to capacity at the time of construction, making it difficult to provide the construction management and inspection services at a level required for a project of this magnitude, an independent construction management/inspection consultant may need to be retained. The fees estimated for a consultant to perform these duties for a project of this scope are $30,000. Staff will issue a Request for Proposals for Construction Management Services if, as the time grows closer, it appears the expected workload will not allow for City inspection. Office Systems Furnishings 1. Furnishings a. Furniture—Reuse existing, purchase refurbished, purchase new? The furniture for the tenant improvement consists of powered modular cubicle panels, cabinetry, work surfaces and seating. Initially, Staff chose to use a new furniture panel type (called "Places") in order to be able to: use existing standard components; continue with ease of installation; provide a solution for conforming to the electrical and data communications network requirements. Existing modular furnishings at Public Works and Community Development Departments were originally installed over 15 years ago. The furniture in Community Development and City Hall is planned to be reoccupied by remaining staff who will be moving into that vacated space. The furniture panels currently in use at 955 Morro are unique to that location. The panels are an outdated panel system (Tri-Circuit) that is no longer available and is not a�� 919 Palm Street Project Page 10 compatible or usable at any other City locations where they would have to interface with other panels. California Business Furnishings of Fresno (CBF) has been involved with the office furnishings of the tenant improvement since the inception of the project. Not only do they sell new furniture but also act as the dealer for refurbished furniture since refurbished furniture is never sold directly to the end-user. From the beginning, CBF has recommended the new Haworth Places line of furnishings as the best selection for the City's space needs and power requirements. Since the Places line is so new, it is almost certain there are no refurbished Places furniture panels currently available on the market. Even if they were available, it would be so limited that meeting the design requirements (colors, patterns, power, size) would be difficult, if not impossible, without substantial refurbishing that would eliminate any kind of cost savings over buying new Places panels. Also, any purchase of refurbished furniture would not cant'the manufacturer's waranty whereas the purchase of the new Places panels would carry a lifetime warranty. Recently, the new San Luis Obispo County Government Center opened and revealed that they had saved over $500,000 in selecting refurbished furniture to complement their existing furniture. Regardless of the fact that the Government Center is a vastly different project from this office tenant improvement in size and scope, the County was able to achieve their savings due to use of non-powered wall partition panels and much simpler design requirements. That allowed the County to consider a broader choice of furniture lines. The costs of their cubicle partitions were predominantly lower since there was no power or data communications capabilities within the partitions. All power and data communication was provided to the cubicles from under a raised floor system. Due to the structure of the 919 Palm Street parking garage construction design, a raised floor system could not be installed into the office space. CBF did a cost comparison to use some refurbished materials. Some new materials would have to be used because of the lack of available refurbished materials. The cost to use this refurbished material would increase the cost by $29,600 and there would be no warranty. Based on this, Staff determined that the purchase of new furnishings for the tenant improvement was the most cost-effective choice. Staff has worked exclusively with CBF for many years as the supplier of the Haworth line of furnishings that we use for our office space. Clearly it is important from the standpoint of interchangeability to be consistent with our furnishings. This allows modifications and replacements to be completed with surplus. While the panels will be of a new design, there will still be some interchangeability of the components that attach to the panels. CQ r I 919 Palm Street Project Page 11 If the Council approves the purchase of the materials through CBF, we will be paying prices bid on a contract that originated on the east coast, called the US Communities contract. The bid prices are 65% off of list price. Our price will be 75% off list price with cubicle chairs, a$27,000 value, added for free. This is an effort by the supplier to obtain this contract. This offer was originally granted through the end of last year; however; staff was clear with the supplier at that time, that a commitment could not yet be made to purchase the furnishings. The supplier extended the offer until June 1 of this year, but has indicated they will have to raise the cost if we are unable to commit by that time. CBF has put in a considerable number of hours to date, interviewing staff to design the individual workstations and select the finishing materials at no additional cost. If the City opts to advertise for the materials, the results of that design effort will either have to be purchased from CBF or be completed again with the new supplier at an unknown cost and certain delay to the project. Staff believes using CBF will provide the City with furnishings that will work with the large open space layout of the building at the least cost and are recommending sole sourcing of this purchase. b. Filing System—Special system due to space constraints Due to limited space for the combining of records and files of both the Public Works and Community Development Departments, a special filing system was required for the new office space. This system, manufactured by McMurray Stern, consists of five shelving units grouped together and mounted on a track system. To access a file stored within one of the shelving units, a mechanical assist wheel on that shelf is turned to create an aisle to allow access to that file location. Use of this filing system greatly concentrates the area of file storage such that filing capacity is almost double what a conventional filing cabinet system can provide. Support Services 1. Moving Expenses In order to facilitate the move of files, computers, printers, copiers, miscellaneous furniture and employee work materials from the current offices of Public Works and Community Development, and make the move in a timely manner, a moving company shall be retained to perform this task. The move by each department would occur around consecutive weekends to minimize the time that the departments would be unable to provide services to the public. Boxes will be supplied to all staff members for the packing of their cubicle belongings which will then be moved to their new office location by means of coding on the boxes associated to that staff member. Once the boxes have been used by both departments, they will be returned to the moving company for reuse or recycling. Since the move from both departments is literally "across the street", significant savings will result in no transportation or fuel costs Ca., i � 919 Palm Street Project Page 12 and packing of fragile equipment will be minimized. Additional savings will be realized by "staggering" the move-in of both departments. By moving in one department at a time,boxes can be used and emptied by one department for the other department to reuse for moving office contents. This will result in fewer boxes needing to be purchased. These costs have been estimated at $9,000. 2. Utilities &Data/Communication—Detail of items Although site cabling and data/communication lines have been installed as part of the parking garage construction, cabling and various communication components must be installed with the tenant improvement to complete the communications system for the office. Some of the items to be installed are switches, voice patch cables, data patch cables, fiber patch cables, a bi-directional antenna system and telephone hook-ups throughout the office space. The main conference room will need to be fitted with a speaker phone, projector, motorized projector screen, DVDNCR player and receiver with accompanying speaker system and a computer to monitor all the communication capabilities within the room. The total cost estimate for this equipment is $82,900. 3. Office Support Equipment—Detail of items In order for Public Works and Community Development Departments to fully function, it will be necessary to provide support equipment items for the office space. These items include a security alarm system, appliances for employees use, paper product dispensers, trash receptacles, weather station connections, interior building utility expenses for PG&E and SBC, and any cable television hook-tip costs. All of this equipment is estimated to cost $27,500. 4. 990 Palm Street Reconfiguration—What's involved and why the need Once Community Development staff move from their existing offices at 990 Palm to the new offices at 919 Palm, the lower level will be empty during the transition period. Eventually, it will be occupied by Finance & Information Technology staff, who occupy space on both the upper and lower levels of City Hall.. The vacated upper level areas will be used by Administration, Clerk, and the Council to relieve overcrowding. This reconfiguring of the work space will require a combination of replacement and remodeling work in order to address space and restoration needs that will be very efficient to do during the transition period. A budget of$350,000 was established for this purpose for all reconfiguration work at City Hall. It is planned to not exceed that total budget amount. Though this work scope is not complete yet, there are a few minimum goals planned to be achieved such as: replacement of all downstairs carpeting; reusing existing modular parts while adding the least amount of new parts necessary; providing expanded Council office space; laying out staff workspaces to maximize convenience to the public at the counters; and to cluster staff together with realistic workflow and interaction potential. CONCURRENCES An extensive amount of collaboration between the Public Works and Community Development Departments has been completed in order to develop the plan for the layout and location of employees in the new office space. Efforts have also been underway to preliminarily outline 919 Palm Street Project Page 13 options for City Hall, which would be reviewed with Council later after this project has been completed. FISCAL IMPACT 919 Palm Offices/Parking Structure Project Cost Summary Project Costs Current Proposed Proposed Budget Changes Budget Parking Fund 1090809900 68;900 109149,800 Real Property Acquisition 843,000 68,900 911,900 Environmental Mitigation 65,600 65,600 Site Preparation 66,300 66,300 Structure Purchase 8,446,000 8,446,000 Construction Inspection 222,500 222,500 Contingencies 437,500 437,500 General Fund 5,589,000 1,615;200 7,204,200 Real Property Acquisition 329,500 26,600 356,100 Environmental Mitigation 3,900 3,900 Site Preparation 22,100 22,100 Structure Purchase 3,724,000 3,724,000 Construction Inspection 83,500 83,500 Parking Space Purchase 145,000 145,000 Tenant Improvements at 919 Palm Design 199,500 199,500 Design Construction Support 10,000 10,000 Construction 760,000 640,000 1,400,000 Interior Utilities and Data Communications 82,900 82,900 Other Equipment and Utility Connections 27,500 27,500 Construction Management 30,000 30,000 Printing and Advertising 5,000 5,000 Office Filing System 59,700 59,700 Office System Furnishings 525,000 525,000 Moving Costs 9,000 9,000 Total Tenant Improvements 760,000 1,588,600 2,348,600 Interior Reconfiguration at 990 Palm 350,000 350,000 Contingencies 171,000 171,000 Total Project $1596699900 $19684,100 $17,3549000 a- 13 r 919 Palm Street Project Page 14 Project Funding Sources Current Proposed Proposed Budget Changes Budget Parking Fund 10,080,900 681900 10,1495800 Parking In-Lieu Fees,Court Street Project 512,000 512,000 Parking Space Acquisition,General Fund. 145,000 145,000 Proceeds from Sale of Court Street Property 1,510,000 1,510,000 Pay-As-You Go Appropriations 75,300 75,300 Proceeds from Sales of Bonds 7,983,600 (76,100) 7,907,500 General Fund 5,5899000 19615400 7404400 Proceeds from Sale of Court Street Property 452,000 452,000 Pay-As-You Go Appropriations 157,100 157,100 Proceeds from Sales of Bonds 4,979,900 1,615,200 6,595,100 Total Project $159669,900 $196849100 $179354,000 Annual Debt Service Costs Current Proposed Proposed Estimate Change Budget Parking Fund 549,300 (5,100) 544,200 General Fund 342,600 108,100 450,700 Total $8919900 $1037000 $994,900 While the projected General Fund debt service is higher than initially estimated in October 2003, it is consistent with the amount used in the December 2004 forecast and in the "Budget Balancing Strategy" report presented to the Council in April 2005. ALTERNATIVES 1. Take advantage of every cost reduction identified through the value engineering process. As indicated above, when the initial estimates for the tenant improvements were received by the City and it became apparent that the cost would be significantly greater than the current budget, staff implemented a value engineering process to look for areas to reduce expenses. The results of the value engineering were carefully considered by staff and many of them were included in the revised plans. However, Council could direct staff to include all reductions that were identified. This action would reduce the cost of the project by potentially $175,000. Staff does not recommend making any additional changes for several reasons. a. Including all the suggested items would lead to a very stark building. Since this office space will be used by City employees for many years, and be visited by many citizens, we believe that recommending additional cuts would not be appropriate. b. Making additional cost-cutting changes would require the expense of making revisions to the plans and would add delays to the project construction. 919 Palm Street Project Page 15 2. The City could make the least amount of tenant improvements required to make the office space rentable, and then lease to another tenant. Based on going rental rates and taking into consideration that the need for a public-entity tenant may bring in the lower end of rent, this option could bring in a potential $270,000 annually of new revenue. It also assumes a public- entity tenant could be found. This option would not address any of the concerns that led the Council to approve the City as tenant back in June 2003, including the need to relocate Public Works administration, engineering, transportation and GIS staff. Given the fact that when the City purchases the building the office space will only be a shell, the City would still need to invest an estimated$560,000 on tenant improvements to make the building leaseable, and would not gain the needed office space. 3. The City could eliminate the $350,000 authorized by Council for changes at City Hall after the Community Development Department moves out. Staff does not recommend.this option because some limited internal rearrangements will be necessary to make the workspaces function in an efficient and productive way for the remaining departments that move into them. If the changes are done now, so that the funding can be included as part of the debt financing for 919 Palm Street, the annual cost will be small. If they are put off until later, money would need to come from the General Fund on a"pay as you go"basis and would be likely deferred for a long time, leaving staff and Council members to continue working in awkward and cramped spaces that do not meet their needs. ATTACHMENTS Attachment 1 - Floor Plan Attachment 2 - Lobby Rendering The 919 Palm Street tenant improvement plans and specifications and samples of colors and materials are available in the Council Reading File. i:looundl agenda repores2005 agenda repodstengineedng and maintename services(wralter)tapital Projects design OYnch)\90323car ti_section.doc ATTACHMENT 1 I I i O I I I I I I I I I tti4' • � G 0 I a I a 0 w z w - w0 e ® za 0- o i n a------------- ° G1 4 CONFERENCE I ROOMI Le Q AAI U CT ATTACHMENT 2 H y, z a0 w � � w O U' 19 z wQ 3H wz w ® . � ^ � �