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CONSIDERATION OF AWARDING OF BID 1718-17; APPROVAL OF CONTRACT K-1718-60 INCLUDING ALTERNATE NO. 1 WITH G & S SIGN SERVICES, L.L.C., IN THE AMOUNT OF $373,820; CHANGE ORDER NO. ONE REDUCING THE CONTRACT AMOUNT BY $37,521 FOR A REVISED CONTRACT AMOUNT OF $336,299; PERFORMANCE BOND B-1718-30, STATUTORY BOND B-1718-31, AND MAINTENANCE BOND MB-1718-19 FOR THE UNIVERSITY NORTH PARK (UNP) ROBINSON STREET ENTRANCE SIGN PROJECT; AND BUDGET APPROPRIATION FROM THE UNP TIF FUND BALANCE.
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BACKGROUND: Council approved the University North Park (UNP) Tax Increment Finance District (TIF) Project Plan (Ordinance O-0506-66) on May 23, 2006. The Project Plan authorized public improvements within the TIF, including Traffic and Roadway Improvements, a Hotel Conference Center, and an Economic Development Component that would foster special employment opportunities in the University North Park development.
Council has long expressed a desire for entrance signage into the UNP development at the intersection of Robinson and 24th Avenue. Staff has focused on solidifying the design and construction of decorative entrances into University North Park when entering the development from Robinson Street northbound onto 24th Ave NW. Amendment Number One to Development Agreement No. 5 ("DA5a") set out a funding and cost-sharing mechanism for the decorative entrances into the UNP development. DA5a provides that the costs will be shared equally by the UNP Business Improvement District (BID), from revenues generated from the City's UNP TIF apportionments and BID property owner assessments; the developer of the "south half" of the UNP District (UNP area between Robinson and Rock Creek Road), UTC LLC; and the owner of the "north half" of the UNP District (UNP area between Rock Creek Road and Tecumseh Avenue), UNP LLC. At the time of the adoption of DA5a, Council expressed a desire that the entrances be redesigned to incorporate elements of Legacy Park. As requested, the redesign w...
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