Submitted By
Bill McKenna, Village Engineer
Reviewed By
A.M. Zayyad
Agenda Item Title
Title
A Resolution Approving an Independent Contractor Agreement with REDICO Management, Inc. for Madison Street Site Work in an Amount Not to Exceed $203,682, Authorizing its Execution and Waiving the Village's Bidding Process for the Agreement
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Overview
Overview
The American House Senior Living Center at 703 Madison is nearing completion on the exterior of the building and is ready to start work constructing their sidewalk and streetscape areas so that they can have the site ready for tenants to move in late summer. In order to not delay the work at the senior living center, staff has requested the developer construct the streetscape elements on their frontage that the Village would be responsible for per the RDA, including curbs, lighting, communication, drainage, and some paving. The cost of the additional work along their frontage is $203,682.
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Recommendation
Recommendation
Approve the Resolution.
Fiscal Impact
The FY2022 Budget includes $2.1 M in funds for the Madison Street Streetscape Project which will be used to fund this work in the Capital Improvement Fund, Public Works - Engineering, Streetscaping account no. 3095.43780.101.570959.
Background
Per the approved Redevelopment Agreement with Jupiter Realty Company, Oak Park Madison Street, and AH Oak Park, the Village has committed to constructing a streetscape project on Madison Street from Oak Park to East Avenues and the developers are responsible for constructing the streetscape on their frontage between the back of curb and the building except for any lighting, communications, and signal work. Per the RDA, the Village will reimburse the developers for TIF eligible expenses including environmental costs and site improvements in the right of way, with a cap of $685,000 for the senior living center and a cap of $1,650,000 for Pete's Fresh Market.
At the time of the RDA, the Village orig...
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