7 Library Contengency FundCITYOF
CHANHA EN
7700 Market Boulevard
PO Box 147
Chanhassen. MN 55317
Administration
Phone: 952.227.1100
Fax: 952.227.1110
Building In~pectlon~
Phone: 952.227.1180
Fax:. 952.227.1190
Engineering
Phone: 952.227.1160
Fax: 952..227.1170
Finance
Phone: 952.227.1140
Fax: 952.227.1110
Park & Recreation
Phone: 952.227.1120
Fax: 952.227.1110
Remation Center
2310 Coulter Boulevard
Phone: 952.227.1400
Fax: 952.227.1404
Planning &
Natural Resoumes
Phone: 952.227.1130
Fax: 952.227.1110
Public Wodn
1591 Pa,,'k Road
Phone: 952.227.1300
Fax: 952.227.1310
Senior Center
Phone: 952.227.1125
Fax: 952.227.1110
Web Site
,,,~w,,.ci.chanhassen.mn.us
TO:
FROM:
DATE:
Mayor & City Council
Todd Gerhardt, City Manager
March 6, 2003
SUB J:
Discussion of Library Contingency
I have asked Barry Petit from MS&R to prepare a spreadsheet that will give an
overview of the dollars spent to date on change orders and estimated future costs
for the Library project. The city had originally budgeted for a 5% contingency
fund ($250,000), and now it is anticipated that we will need an additional
$183,941.55 for a variety of issues (total changes = $433,941.55).
The overruns were primarily due to unanticipated poor soils on the site that were
not detected in the soils tests. The amount of rain we received this past summer
also contributed to our increase in soil correction work. We had originally
budgeted $70,000 for soil corrections, but incurred an additional $260,000 in
weather and soil related issues. The good news is that we received favorable
bids that saved the city $335,000. The original estimate for construction was
$5,200,000 and Kraus Anderson's bid came in at $4,865,000 a savings of
$335,000. As of today, we are under budget by approximately $58,000.
Mr. Petit will be at Monday night's meeting to present the proposed changes and
possible deducts..
ATTACHMENTS
1. Spreadsheet on the Chanhassen Library Project.
The City of Chenheeeen, A growing communib, with cl~._.n lakes, qualib, schools, a charming domtm,,,n, thriving businesses, windino trails, and beautiful parks. A gmat place to live, work, and play.