04-0039R

RESOLUTION ACCEPTING REIMBURSEMENT FROM DEDA FOR BAYWALK CONSTRUCTION EXPENSES RELATING TO BUILDING N IN THE AMOUNT OF $203,800 AND AUTHORIZING A BAYWALK EASEMENT AGREEMENT WITH BUILDING N, INC.

BY COUNCILOR GILBERT:

RESOLVED, that the proper city officers are hereby authorized to enter into an amendment to Agreement No. 19447 with HRA, substantially in the form of that on file in the office of the city clerk as Public Document No. ________, increasing the amount payable thereunder by $175,000, said additional funding being paid from Neighborhood Housing Services Revolving Loan Fund No. 0255.


STATEMENT OF PURPOSE: The purpose of this resolution is to authorize acceptance of reimbursement from DEDA for Baywalk construction costs related to Building N in the amount of $203,800. The construction for the easement will be performed by the city at a cost of approximately $152,100. The resolution also authorizes a Baywalk easement agreement with Building N, Inc., pursuant to which the property owners will grant an easement to the city. Under the agreement, the city will reimburse the owners up to $51,600 for a portion of the costs related to removal of a wooden boardwalk, demolition of a lean-to structure, and construction of a new wall. The construction of this segment of the Baywalk will add approximately 320 additional feet. When this segment is completed, the Baywalk will connect the pedestrian lift bridge to the southeastern edge of the Waterfront Plaza property (the Meierhoff property). The city will be responsible for maintaining the Baywalk.