Reso 2013-2040 - Laserfiche WebLink

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Stage. The GMP prior to this Amendment was Sixteen Million Five Hundred Thousand Dollars ($ 16,500,000.00). (a) This Paragraph amends Section 5.1.2 of the Agreement. The CITY shall receive a credit against the revised GMP in the amount of One Million Three Hundred Sixty Six Thousand Four Hundred Eighty Four Dollars and Seventy Cents ($1,366,484.70) for payments made for pay applications submitted for design services. As of the result of the credit, the revised GMP shall be reduced to a balance of Seventeen Million Three Hundred Forty Three Seven Hundred One Dollars and Thirty Cents (517,343,701.30). The sum total of One Million Two Hundred Thousand Dollars ($1.200,000.00) shall be attributed to the design phase of the Project. Ownership in the signed and sealed 100% "Issued for Construction" set of Plans and Specifications shall vest in the CITY once a permit is issued to commence construction. (b) This Paragraph deletes the text of Section 5.1.3 of the Agreement in its entirety. Section 5.1.3 relates to the selection of a restaurant operator by the Contractor. This is no longer a requirement of the Agreement. 5. Pedestrian Bridge. It is understood by the Parties that the CONTRACTOR shall not be responsible for the design and construction of the Pedestrian Bridge connecting the north side of the Park to the north side of the 826 West. Notwithstanding the foregoing. the CONTRACTOR agrees to cooperate with the CITY in providing any and all information (to the extent the information is available and within the care, custody or control of the CONTRACTOR) requested to facilitate the construction of the Pedestrian Bridge by another contractor. 6. Design Plans. The CITY agrees to supplement Article 6 of the Agreement as it relates to the plans and specifications prepared at 30 %. 60% and 90% of the Project. Once the CITY reviews the plans and specifications at the 30 %. 60% and 90% of the Project, the review by the CITY shall be deemed an acceptance of those particular plans and specifications for that percentage of the Project, whether it is 30 %, 60% or 90% and no substantial changes shall be made by the CITY thereafter. With that said, this acceptance by the CITY shall still not be deemed an acceptance or pre - approval of the plans or specifications by the Building Department for a building permit. (a) The Parties agree upon and will follow the values set forth on the Schedule of Values attached as Exhibit "D" to this Amendment. 7. Contract Time. Section 4.1 of the Agreement shall be amended to extend the Contract Time. Time is of the essence. The CONTRACTOR agrees to complete the design and construction of the entire Project no later than Three Hundred Sixty Five (365) days from the date of issuance of a building permit for the Project. The CONTRACTOR agrees to apply for a building permit for the Project with the Building Department of the City of Sunny Isles Beach no later than October 1. 2013. The CITY shall issue a Notice to Proceed for the construction of the Project upon the issuance of a building permit or no later than sixty (60) days from the date of filing an application for building permit for the Project, whichever occurs first. 2