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File #: 2021-175   
Type: Resolution Status: Agenda Ready
File created: 6/21/2021 In control: City Council
On agenda: 7/8/2021 Final action:
Title: Consider a resolution authorizing the Mayor to execute a Real Estate Exchange Contract with ICU Medical, Inc. for the acquisition of a 0.558-acre parcel required for construction of University Blvd/Oakmont Drive.
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: 1. Resolution, 2. Exhibit A, 3. Maps

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Exchange Contract with ICU Medical, Inc. for the acquisition of a 0.558-acre parcel required for construction of University Blvd/Oakmont Drive.

 

Body

The City is proposing to exchange +-.5 acre of property with ICU Medical to facilitate construction of University Blvd/Oakmont road improvements. The City is also paying $2.516M (with 10% actual cost final contingency adjustment) as reimbursement for construction costs required to reconfigure the ICU warehouse building to adjust the supply entry and docking bays which will not be able to function in their current configuration as a result of the road widening improvements. The construction cost estimate has been reviewed with and approved by the Transportation Department and the City's consulting engineers.

 

 

Cost: $2,516,330.00

Source of Funds: RR Transportation and Economic Development Corporation (Type B)