01-0188R

RESOLUTION AUTHORIZING AN AGREEMENT WITH TECH VILLAGE L.L.C. FOR THE EXTENSION OF THE SKYWALK THROUGH THE TECH VILLAGE PROJECT IN THE AMOUNT OF $454,667.27.

BY COUNCILOR STOVER:

        RESOLVED that the proper city officials are hereby authorized to execute an agreement, a copy of which is on file in the office of the city clerk as Public Document No. _______________, with Tech Village L.L.C. for the extension of the downtown skywalk system through the Tech Village project in the amount of $454,667.27, payable from Fund 0425.


STATEMENT OF PURPOSE:  The purpose of this resolution is to authorize an agreement with the owner of the Tech Village to accept the dedication of an easement for skywalk purposes through the building and to defray a portion of the costs associated with the construction of the easement space.

The easement will enter the third floor of the building from the Tech Village parking ramp about 100 feet east of Lake Avenue. It will then proceed to the core of the building containing the building elevators and the stairways from the third to the second floor and the second floor to the first floor and provide access to Superior Street. In addition the easement area will include accommodation on the second floor for a connection across Superior Street and for a potential skywalk connection to block to the east of the project.

From the very beginning of the Tech Village project, the owner of the Tech Village had committed to include accommodations for the skywalk, including a public easement, through the project and the city and DEDA had committed to pay for a portion of the costs associated with this extension. After reviewing the costs for various portions of the project, the amount of $454,667.27 has been determined to be a reasonable amount to meet this obligation. The funds have been provided by DEDA through its Resolution No. 01D-17.