Submitted By
Bill McKenna, Village Engineer
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Approving a Commercial Lease with the Oak Park Partnership Limited Partnership for a Construction Field Office for the Lake Street Improvement Projects at 100 Forest in an Amount not to Exceed $15,000 and Authorizing its Execution
End
Overview
Overview
The Lake Street improvement projects will require a construction field office for the projects for the engineering firm to oversee the work and to allow for businesses and residents to meet with the engineers and contractors on the projects. There is a vacant office space at the 100 Forest Avenue property that works well for this use and is at a very competitive price. The Village would be leasing the space for one-year from February 2020 until February of 2021 at a cost of $800 per month plus a $1,600 security deposit and some of the utilities.
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Recommendation
Recommendation
Approve the Resolution.
Fiscal Impact
The FY2020 Budget includes $7,162,022 in the Capital Improvement Fund, Public Works - Engineering, Streetscaping, for the Lake Street Streetscape Project which will be used to fund this work.
Background
Construction field offices are required for projects of the size of the Lake Street projects in order to allow for the engineers overseeing the project to meet with the contractors and have a local space to manage the project. Typically field offices are included as a pay item where the contractor leases the space and the Village pays the contractor for this lease. Contractors typically bid this pay item conservatively based on typical market rental rates and cannot be required to lease the office in a very specific location or at a ground level office.
An office space on the ground floor became available at the southeast corner of Lake Street and Forest Avenue at 100 Forest Place. The location of the office space works well for a construction field office since it is in downtown Oak...
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