HomeMy WebLinkAbout2002-03-26 - Levee ProjectRESOLUTION
A RESOLUTION ACKNOWLEDGING AND APPROVING THE BIDS FOR THE
LEVEE PROJECT AND EXPRESSING THE CITY'S SUPPORT FOR THE AWARD
OF THE LEVEE PROJECT CONTRACT; AND APPROVING ACTIONS RELATED
THERETO.
WHEREAS, the L-385 Levee Project's is necessary for tl-e protection of the
heahh, welfare and safety of the City, including the protection ofand of the existing commercial buildings,
infrastructure, including streets, roads and other infrastructure,
opportunities for substantial development after completion of the Levee Project; and
WHEREAS, the T1F Commission recommended and the City approved the L-385 Levee
Redevelopment Plan (the "TIF Redevelopment Plan"), the Redevelopment Area and the Levee Project as
Redevelopment Project I; all pursuant to the Real Property Tax Increment Financing Allocation
Redevelopment Act of the Revised Statutes of Missouri (the "TIF Act"),
WHEREAS, the City and the Levee District submitted the Financing Plan to the U.S.
Riverside/Qulndaro L-385 Levee Project, as amended and supplemented ("Financing Plan" to the U.S.
Army Corps of Engineers {"Corps') detailing the partnership for providing for the financing of the local
share of the costs of the Levee Project; and
WHEREAS, the City and the Levee District tittered into the L-385 Intergovernmental
pgraement along with the TIF Commission, Platte County, Missouri, Missouri Development Finance
Board and Trillium Corporation relating to impelementation of the Financing Plan; and
WHEREAS, the City has issued tax increment financing bonds to finance preliminary costs of
the Levee Project; and
WHEREAS, the City has entered into a Cooperation Agreement with the Levee District relating
to the issuance of bonds by MDPB to finance a portion of the costs for the Levee Protect; and
WHEREAS, the Corps issued the solicitation for bids for the Levee Project in December 2001;
and
WHEREAS, the bids for the Levee Project were opened by the Corps on March 26, 2002, and
WHEREAS, City sources of revenues as wall as tax increment financing revenues are now
projected to increase m an amount sufficient to satisfy the local share of the cost based upon the low bid;
and
WHEREAS, the Corps has expressed its desire to award the contract for the Levee Project prior
to the end of the Government's second fiscal quarter (Match 31, 2002); and
WHEREA3, the City desires that the Levee Project cominue to move forward: and
WAEREAS, it is necessary for the City to consider this Resolution on the date hereof since the
bids were opened on March 26, 2002, and there is no other meeting of the Board scheduled between the
Board meeting on the date hereof and March 31, 2002.
NOW, THEREFORE, BE 1T RTSOLVED by the Board of Aldermen of the City of Riverside,
Missouri;
Section 1. The Board finds that facts set forth above establish good cause for less than
twenty-four hours notion of this Resolution.
Section 2. The Board acknowledges the bids opened by the Corps as set forth in the
attached Exhibit A and approves such bids subject to adjustment and confirmation by the Corps.
Section 3. The Board expresses its intent to take such action as necessary to make available
funds from increased revenues including tax increrrtent financing revenues to fund the local sham based
upon the low bid as set forth is the attached Exhibit A.
Section 4. The Board expresses its support for the sward of the contract for the construction
of the Levee Project to the low bidder(s) as selected by the Corps.
Section 5. The Mayor, City Clerk and other officers of tho City are authorized to perform alt
acts necessary or desirable to etf'octuate the intent of this Resolution.
Section 6. This Resolution is an emergency resolution and shall be in full force and effect
from and after its passago and approval.
ADOPTED this _,,, day of March 26, 2002.
Betty Burch
MAYOR
ATTEST:
Louise Rusick
CITY CLERK
EXHIBIT A
BIDS FOR LEVEE PROJECT PER CORPS
BIDDER BID
ESl $51,667,321.14
LUECRER $53,324,281.53
HILL BRO S $62,986,986.80