HomeMy WebLinkAboutResolution 2002-03-26IiESOLU'I'ION
A RF,SOI,,i.1TION ACKNOWLEDSING THE CITY SS UpPORT F0 ~ ~O ~'~O
LEVEE PROJECT AND EXPRES AppRpVING ACTIONS REI,A
OF THE LEVEE PROJECT CONTRACT, AND
T)IERETO.
WIiEREAS, the L-385 Levee Project ("Levee Project") is necessary for the protection of the
health, welfare and safety of the City, including the protection of ~a eobs' ~ the City aas well gas
infrastructure, including streets, roads and other infrastn-eture, j
opportunities for substantial development a$er completion of the Levee Project; and
WgE,~~C, the T1F Commission recommended and the City approved the L385 Levee
Redevelopment Plan (the °T~ Redevelopment Plan"), the Redeve T~m Tnc~men~ FinancingeAllocation
Redevelopment Project l; all pursuant to the Real Property
Redevelopment Act of the Revised Statutes of Missouri (the "TIF Act"), and
W~gEA5, the City and the Levee District submitted the Financing Plan for the
Riverside/Quindaro L-385 Levee Project, as amended and supplemented ("Financing Plan") to the U.S.
Arnty Corps of Engineers {"Corps's detailing the parlrtership for providing for the financing of the local
share of the costs of the Levee Project; and
WHEREAS, the City and the Levee District entered into the IL~-i8 ou~i eDevelopment Finance
Agreement along with the TIF Cotnntission, Platte County, Missouri,
Board and Trillium Corporation relating to implementation of the Financing Plan; and costs of
WHEREAS, the City has issued tax increment financing bonds to finance preliminary
the Levee Project; and
W~REAS, the City has entered into a Cooperation Agreement with the Levee District relating
to the issuance of bonds by MDFB to finance a portion of the costs for the Levee Project; and
WHiCREAS, the Corps issued the solicitation for bids for the Levee Project in December 2001;
and 2002• and
WHEREAS, the bids for the Levee Project were opened by the Corps on March 26, ,
WHEREAS, City sources of revenues as well as tax increment financing revenues are now
projected to increase in an amount suff-cient to satisfy the local share of the cost based upon the low bid;
and
WHEREAS, the en~sse and fscal qutarters(Mareh 3112002); and ct for the Levee Project prior
to the end of the Governor
Vy~i REAS, the City desires that the Levee Project continue to move forward; and
yygEREAS, it is necessary for the City to consider this Resoof ~e Boazd scheduled between the
bids were opened on March 26, 2002 and there 20Q2 other meeting
Board meeting on the date hereof and March 31,
NOW, THEREFORE, BE TT)[~SOLVED by the Board of Aldermen of the City of Riverside,
Missouri;
Section 1. The $oazd finds that facts sct forth above establish good cause for less than
twenty-four hours notice of this Resolution.
attached Exh'bi A and approvBes such bids subjg t to adjustment and confirmeation by the Corps in the
Section 3. The Board expresses its intent to take such action as necessary to make available
funds from increased revenues including tax increment financing revenues to fund the local share based
upon the low bid as set forth in the attached Exhibit A.
Section 4. The Board expresses its support for the award 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 the City ere authorized to perform all
acts necessary or desirable to effectuate 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 passage and approval.
ADOPTED this _,_ day of March 26, 2002.
,B ~~:~
MAYOR
ATTEST: )
,~ ~ ~~/.
~'~ ~ CLERK ~ ~~
7:\CLfEMb~61492\00001\K027562b.DOC
E~~--A
BIDS FOR LEVEE PROJECT PER CORPS
BIDriER BID
ESl $51,667,321.14
LpECKER $53,324,281.53
HILL BROTTIERS $62,986,986.80