09-28-2010 Special School Board Meeting
Agenda Item #27


Title
Amendment #3 to Agreement for Design/Build Services at Satellite High School

Discussion

The purpose of this Agenda Item is to close the Agreement for Design-Build Services with The Weitz Company LLC for the Additions and Renovations project at Satellite High School.

The Weitz Company LLC was approved as the Design-Builder for the Additions and Renovations project at Satellite High School on February 13, 2007 for a Guaranteed Maximum Price (GMP) of $28,000,000.  Previously approved Amendments #1 and #2 increased the GMP to $30,900,000.  Amendment #3 is a decrease to the GMP in the amount of <$4,484,797> to deduct Owner Direct Purchases,  Unused Sales Tax Savings, Unused Contingency, Unused General Conditions and an Audit Adjustment. 

The final GMP contained in this Amendment is consistent with the Independent Accountant's Report prepared by Carr, Riggs & Ingram dated June 8, 2010.

The decrease of the GMP contained in this Amendment consists of two elements:

  1. A deduction of the value of the Owner Direct Purchases (ODP) in the amount of <$4,337,976.86>.  This is an administrative change only -- the School Board will not receive a credit for this deduction since the value of the ODPs was previously deducted from the Purchase Order to The Weitz Company LLC.
  2. A deduction for Unused Sales Tax Savings, Unused Contingency, Unused General Conditions and an Audit Adjustment in the amount of <$146,820.14>.  The School Board will receive a credit for this deduction. 
The remaining funds in the project will be used to perform additional work at Satellite High School in the following priority:
  1. Safety / Code Deficiencies
  2. Deferred Maintenance Capital Items
  3. Energy / Resource Conservation Equipment

Upon completion of the additional work listed above, any remaining funds will, upon Board approval, be used to pay debt on the Certificate of Participation (COP) used to fund the project.



Recommendation

Approve Amendment #3 to modify the Agreement for Design-Build Services with The Weitz Company LLC for the Additions and Renovations project at Satellite High School to decrease the Guaranteed Maximum Price (GMP) in the amount of <$4,484,797> to $26,415,203.  Accept the Agreement as complete and authorize the release of all remaining retention to The Weitz Company LLC.  



Meeting Date(s)
Information - 9/14/2010
Consent after Information9/28/2010

Authority for Action
1001.42 F.S.

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

Contact
Dane Theodore, Director, Planning & Project Management  633-1000 x657


Attachment:  Amendment No 3.pdf