City Council Minutes 2016 03 15 - Laserfiche WebLink

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City Council Meeting Minutes March 15, 2016 Page 10 of 17 Mayor Muckle noted the sole source was the management. The pieces will be bid out by H2. Mayor Pro Tem Lipton asked if H2 was providing the engineers. Public Works Director Kowar said H2 is managing the construction services and subcontractors. Mayor Muckle noted the benefits are obvious. He asked what the total cost is compared to what was expected for all the projects. Public Works Director Kowar thought the cost was 2.9 million originally and is now in the range of 4.2 million. Roughly 30% is in construction cost increases and the railroad portion of the project has increased Mayor Muckle noted some of the funds were already committed to these projects. He wanted to get a sense of how far beyond those dollars would this collaboration take us. Public Works Director Kowar said in the capital fund it would be about $1 million beyond what is budgeted this year, Water Fund about $468,000 more, Stormwater Fund is $89,000 more. City Manager Fleming noted some of those costs not budgeted for in 2016 were budgeted in 2017/2018 so will move those project activities forward. Council member Loo noted project costs have increased and economy of scale will be recognized by doing this all at once. Some money spent earlier should result in savings in the out years. Council member Stolzmann asked about the difference in the Capital Fund overage from the packet to presentation. Public Works Director Kowar noted the $1 million he referred to did not take credit for the downtown parking/transit project surplus, phantom flagging costs of $150,000 added for BNSF, and taking credit for $200,000 for Urban Renewal Authority reconciliation. PUBLIC COMMENT Michael Menaker, 1827 W. Choke Cherry, Louisville, CO was in awe of Public Works Director Kowar ability to put all the moving parts together. He noted the vision for this area was begun in 2003. This would hasten the opportunity to recognize real synergy and savings. He urged Council to approve. John Leary, 1116 La Farge, Louisville, CO said the theory of urban renewal is it builds up the tax base to see benefit in the future. It has been demonstrated before even looking at this project, it would be sometime after 2065 before any agencies who gave up tax money might break even. This project was not put into the calculation and he felt it was too much commitment to give . COUNCIL COMMENT