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96-231FINAL AMENDMENT Cocncil File # �. ��. 3 t � L' � �`. 4 _ . , , , Green Sheet # � � ? C I � RESOLUTIOA' F AIIv'T PAUL, MINh'ESOTA � �� s�� . Preaented By Refezred To Committee: Date WHEREAS, the construction budget for the Civic Center originaily projected net bond proceeds of 559,541,770 and the actuai net proceeds from the financing are 558,837,956; and WHEREAS, the construction account wili generate interest earnings during the construction period in the estimated amount of 59,045,000 and the City Council by Resolution t�96-30 transferred these construction fund interest earnings into the capital account; and WfiEREAS, the originai bond sale required a debt service reserve in the amount of 54,500,000; and WNEREAS, the Council directed in Resolution # 96-30 that the Council wouid decide how the reserve fund and the interest earnings on the reserve fund would be spent; and WHEREAS, the funds must be spent on the Civic Center project and reiated capitat casts; and WHEREAS, the Civic Center Authority Expansion Coordinating Committee has considered the capitai needs of the project that requ"sre funding from the bond proceeds in the reserve fund and has prepared a Hst[ng of program elements for funding consideration by the City Councii; and WHEREAS, the Mayor, pursuant to sec. 10.07.04 of the city charter, recommends the fo!lowing changes to the 1996 budget: Current Amended Budget Change Budget FINANCING PLAN Department of Civic Center P7 930 90300 6602 interest Earnings 9,045,OQ0 P7 930 90300 7308 Trnsfr HRA (Bond Psoceed:58,837,957 AIt Other Eunding p 67,882.957 SPENDING PIAN Department of Civic Center P7 930 90300 0548 (Council Contingency) 0 P7 930 90300 0898 (Capital Improvements) g7,gg�,g57 0 67,882,957 636,982 -------4 4, 500,000 0 4- �9F�8p4 5,136,982 2,000,000 3,136,982 �;56fJ;60f� 0 4,5AE�,6E?f� 5,136,982 9,681,982 9;045;098 63,337.95�7 Y f' �. ��;054 939 2,000,000 7:,019,939 � 3�3;3�'2;45'O- `YL. 7-�,-3$3�354 _ 73,019,939 RESOLVED, that the City Council approves these changes to the 1996 budget. FURTHER RESOLVED, the City Council places $2,000,000 in CounciljMayor Contingency (0548) from the $4,500,000 and interest earnings (636,9II2) for pedestrian concourses, y�'- (See Page 2); and, l/� / ,� , , CounCil File # _ 6-231 Green Sheet # 21797 1 2 3 4 5 6 Presented By Re£erred To RESOLUTION OF S�INT PAUL, MINNESOTA ttee: Date FDRTHBR R850LV&D, that the City Council approves the following project elements tor funding from the debt service reserve ($4,500,000) and interest earnings ($636,982) of a total of $3,136,982 for the Civic Center Project Elements in the approximate amounts shown below and $2,000,000 for pedestrian concourses remaining in Council/Mayor Contingency: 7 PROJECT ELEMENTS AMOUNT 8 (est. amounts - Expansion Cmte to pare down) 9 1. Moveable Furnishings and Equipment 1,�18,829 10 2. Operable Partition @ Exhibit Hall 92,000 11 3. Teleconferencing Equipment **500,000 12 4. Stainless Steel for Floor Boxes 16,000 13 5. Acoustical Panels @ Exhibit Aall 17,�0o 14 6. Construction Contingency 19,821 15 7. Moveable Kitchen Equipment 500,000 16 8. Kellogg Lobby Floor 400,000 17 9. Arena Treatment/7th Street Lobby 975,��� 18 10. Finishes At Ballroom and Meeting Rooms 287,000 19 11. Elevator No. 2 75,850 20 12. Carpet Tile 7,300 21 13. Quarry Tile 23,700 22 14. Capital Guarantee Surety Bond 67,500 23 TOTAL: Not to exceed $3,136,952 24 15. Pedestrian Concourses *2,000,000 25 FINAL TOTAL: $5,136,982 26 *$2,000,000 is to be placed in Mayor/Council contingency for Pedestrian 27 Concourses. ** This $500,000 is deleted with the expressed direction by 28 the City Council for the Administration to work for alternative ways to 29 finance or bid out this "need". Adopted by Council: By: Approved by ryY�ayor: Date ay: Requested by Department of: 8y: � Form Approved by City Attorney By: Approved by Mayor £or Submission to Council By: � Adoptiqn Certified by Council Secretary ✓ °� (. -a 3 � �f`` DEPqRTMENT/OFFICE/COUNCIL DATE INRIATED �--���- ��'«« �' 02l16/96 GREEN SHEE N_ 217 97 CONTACT PEASON 8 PHONE INRIAVDATE INRIAUOATE � DEPARTMENT �IRE � cm couNCa D a � ASSIGN �CtNATTOFWEY �CRYCLERK !S ��` NUYBERFOR MUST BE ON COUNCIL A(3ENDA BY (�AT� � yY -� 6/ ppM� BUDGET DIRECfOR FIN. & MGT. SEFiVICES DIF. 03/06/96 3 opo�' ��pYOR (OR ASSISTANT) � TOTAL # OF SIGNATURE PAGES � (CLIP ALL LOCATIONS FOR SIGNATUR� ACTION REQUESTED: Amend the Civic Center construction budget to reflect the interest earnings and the proceeds from the release of tfie debt service reserve. . RECAMMENDATONS: Approva (A) ar Reject (R) . � pERSQNAL SERViCE CONTRAC7S MUST ANSWER THE FOLLOWING �UESTIONS: _ PLANNiNG CAMMISSION - _ CWIL SERVICE GOMMISStON �� HaS this pBSONFiRn EVe! wOrketl untler a ContreCt for thi5 department? _ C�s CoMMRTEE _ YES NO 2. Has this person/firm ever been a city employee? � S7AFF _ YES NO _ oiSTR7GT COUR7 _ 3. Does this personffirm possess a skill not normally possessed by any current city employee? SUPPORTS WHICH COUNCIL O&IECTIVE? YES NO Explain all yes answers on Sepnfate sheet end attach to green sheei INITIATING PROBLEM, ISSUE, OPPOFiNNITY (V✓ho, What, When, Where, Why): Net proceeds of $58,837,457 from the sale of $65,OU0,000 in sales tag sevenue bonds was deposited into the Civic Center construction account. It is now necessary to amend the budget to account for the funds released from the debt service reserve. ADVANTAfaES IF APPROVED. The project will be completed. DISADVANTAGESIFAPPROVE�: None �`�d�k�$'�:'� '%'4��.����'3 '��i�C�i° ��� �e � ���� � DISADVANTAGES IF NOTAPPpOVED - _- � The project cannot be completed. TOTAL AMOUNT OF iRANSACTION $ 5, 136.982 COST/REVENUE BUDGETED (CIRCLE ONE) YES NO FUNDING SOURCE acrivirr NuMSea PI-930-90300-0898 FINANCIA41NfORMATION: (EXPLAIN) � ���' , �, i �. �`. '.; i � ���- `"'. - RESOLU'TFOn� �� � AIIv'T PAUL, NIIl\\'1\'ESOTA } Presented By Re:erred To u:it1:....�� c ��e r �� ��Green Sheet # � � 7�/ ( CommitYee: Date WNEREAS, the construction budget for the Civic Center originaliy projected net bqfid proceeds of 559,541,770 and the actual net proceeds from the financing are Sy� 837,9b6; and WIiEREAS, the construction account wiA generate interest earnings during t e construction period in the estimated amount of 59,045,000 and the City Counci4 by Re lution �96-30 transferred these construction fund interesi earnings into the ca � ai account; and WHEREAS, the originai bond sale required a debt service reserve in t amount of 54,500,000; and WHEREAS, ihe Counci} directed in Resotution # 96-30 that the ouncii would decide how the reserve fund and the interest earnings on the reserve fun, would be spent; and WHEREAS, the funds must be speM on the Civic Center project and related capitai costs; and / i WNEREAS, the Civic Center AuthoriYy Expansion Co�fiinating Committee has considered the capitat needs of the project that require funding fro the bond proceeds in the reserve fiund and has prepared a listing of program elements fo�unding consideration by the City Council; and WHEREAS, tfie Mayor, pvrsuant to sec. 1 changes to the '! 996 budget: of ths ci2y charter, secommends the fo(low[ng Current Amended Budget Change Budget FINANCING RLAN Department of Civic Center P7 930 9Q360 6602 Intere ' Earnings 9,045,000 0 9,045,000 P7 S30 90300 7306 Trns HRA.(Bond Proceed:58,837,957 4,500,000�`' 63,337,957 AI! Other Funding 0 0 0 67,882,957 4,500,000 '72,382,957 � SPENDING PLAN / Departmeni of Civi�Center P7 930 9030C�` 0898 b7,882,957 4,500,00(5� 72,382,957 �� 0 0 0 � 67,882,957 4,500,000 72,382,957 1 RESOLVED,s`that the City Council approves tfiese changes io the 1996 budget. � i� �� � 1 � 3 �,.4 .�-�.t��- ��--,..-� � � �, 9 � Z c�.�G� .�..: �r�.�-�"`.�.�,� � �o-�— �a�-:-�`--' L'v,,,-ev,.z,,,-o�0 9� a�v�t �a�c�o. rn�,.� ���..-�� .�'�, s�y, j� r. �r`:r Council File # RESOLUTION 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Presented By Referred To Green Sheet # _21797 Committee _ Date FIIRTHPsR RESOLVED, that the City Council approves the foll elements for funding from the debt service reserve in the amounts shown: , PROJECT ELEMENT 1. Moveable Furnishings and Equipment 2. Operable Partition C Exhibit Hall 3. Teleconferencing Equipment 4. Stainless Steel for Floor Boxes 5. Acoustical Panels @ Exhibit Hall 6. Construction Contingency 7. Moveable Kitchen Equipment 8. Kellogg Lobby Floor 9. Arena Treatment/7th Street Lobby 10. Finishes At Ballroom and Meeting R 11. Elevator No. 2 12. Carpet Tile 13. Quarry Tile /� 14. Capital Guarantee Surety Sond ' 15. Pedestrian Concourses �`� project 591,686 TOTAL / 92,000 / sg.g;_gg.g 16,000 17,000 19,821 �,�9-9 400,000 975,000 287,000 75,850 7,300 23,700 67,50� �5-ee--e-�e 4,500,000 � � 1,927,143* 22 *$1,927,143 along with interest' earnings of $636,982 to be placed in 23 Mayor/Council contingency for �'edestrian Concourses and other related 24 items: Total: 2,564,125**. i 25 **NOTE: This includes $636,�2 of interest earnings. Requested by Department of: By: Adopted by Council: Adoption Cert By: Council Secretary Approved by�lefayor: Date Form Approved by City Attorney By: Approved by Mayor for 5ubmission to Council By: 8y: ��.� - a3 i r a W . � 0 � „ m _ p' __. 'ut"' n Z ' u' n V _ U � � y U U J u � Q y a i .. 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D � council File # �. � a� 3 , € t A, � t � ' F �+ . 4 , � � ? , .` `�': :� Preeented By Referred To Green Sheet ,� v� � ? [ � RESOLUTION �II�TT PAUL, MINNESOTA Committee: Date � WHEREAS, the construction budget for the Civic Center originally projected net bond proceeds of 559,541,770 and the actual net proceeds from the financing are 558,837,956; and WHEREAS, the construction account will generate interest earnings during the construction period in the estimated amount of 59,045,000 and the City Counc+l by Resolution #96-30 transferred these construction fund +nterest earnings into the capital account; and WHEREAS, the original bond sale required a debt service reserve in the amount of 54,500,000; and WHEREAS, the Council directed in Resolution # 96-30 that the Council would decide how the reserve fund and the interest ear�ings oR the reserve fund would be spent; and WHEREAS, the funds must be spent on the Civic Center project and related capital costs; and WHEREAS, the Civic Certter Authority Expansion Coordinating Committee has considered the capital needs of the project that require fu�ding from the bond proceeds in the reserve fund and has prepared a fisting of program elements for funding co�sideration by the City Council; and WHEREAS, the Mayor, pursuant to sec. 10.07.04 of the city charter, recommends the following changes.to the 1996 budget: Current Amended Budget Change Budget FINANCWG PLAN Department of Civic CenCer P7 930 90300 6602 lnterest Earn+�gs 9,045,000 0 9,045,000 P7 930 90300 7306 Trnsfr HRA (Bond Proceed:58,837,957 4,500,000 63,337,957 All Other Funding 0 0 0 67,882,957 4,500,000 72,382,957 SPENDING PLAN Department of Civic Center P7 930 90300 0898 67,882,957 4,500,000 0 0 67,882,957 4,500,000 72,382,957 0 72,382,957 RESOLVED, that the City Council approves these changes to the 1996 budget. ,-_,_ � < �, s . Council File # � " e� �� i ( _ ' � ' � . " . .� �reen Sheet # °� �� � � RESOLUTION CPi'YOF SAIN'P PAUL, MINNESOTA Presented By Referred To Committee: Date FURTHER RESOLVED, that the City Counci{ approves the following project elements for funding from the debt service reserve in tfie approximate amounts shown: PROJECT ELEMENT 1. Moveabie Furnishings and Equipment 2. Operabfe Partition @ Exhibit Hall 3. Teleconferencing Equipment 4. Stainiess Steel for Floor Boxes 5. Acoustical Panels @ Exhibit Nall 6. Construction Contingency 7. Movabie Kitchen Equipment 8. Ketfogg Lobby Floor 9. Arena Treatmentl7th Street Lobby 10. Finishes At Bailroom and Meeting Rooms 11. Efevator No. 2 12, Carpet Tile 13. Quarry Tile 14, Capitai Guarantee Surety Bond 15. Pedestrian Concourses TOTAL AMOUNT 1,018,829 92,000 500,000 16,000 17,000 19,821 500,000 400,000 975,000 287,000 75,850 7,300 23,700 67,500 500,000 4,500,000 � � f �a� �l�'�S _ � g �i��v � f��` % <1 //I �l�t'S � [17F � i ��7�`5 GLPPS `0 i al�l�l�� Requested by Department of: Adoption Certified by Council Secretary By: Approved by Mayor: By: Date Civic Center - Construction By: Chris Hansen Executive Director Approval Recommended by Budget Director B `��`m 2�_`� Form By: By: for Submission to Adopted by Council: Date �c,—a3� � � l�� MEMORANDUM TO: Council President David Thune Council Members Jerry Blakey Dino Guerin Bobbi Megard Dan Bostrom Mike Harris Janice Rettman Saivt Paul Civic Centet I.A O'Sl�aughnessy Plaza 143 Wesc Foutth Screet Sainc Paul, Mioneso[a 55102-1299 (612) 224-736 L Fu 224-1142 FROM: Civic Center Authority's Expansion Coordinating Committee: Richard Zehring, Chair, Joseph O'Neill, James O'Leary, Joseph Reid, Chris Hansen DATE: 22 February 1996 RE: Saint Paul Civic Center Expansion Debt Service Reserve and CP-4 Main Building Construction ENCLOSURES: Memorandum Debt Service Reserve and CP-4 Main Building Construction Exhibit A Memorandum Civic Center Bond Fund Exhibit B Descriptions of Recommended Items Memorandum CP-4 Main Buifding Construction Status On April 72, 1995 the City Council and the Housing and Redevelopment Authority of the City of Saint Paul, Minnesata authorized the refunding of the Sales Tax Revenue Bonds, Series 1993. The refunding achieved a number of efficiencies that were not present in the 1993 issue. One of the most significant of the efficiencies was the release of the o�iginal Reserve Fund in the amount of $4,500,000. These funds will be released in April, 1996. A requirements of the bonds is the funds be used on Civic Center related projects. A brief history of the Civic Center bond purchase and clarification of bond proceeeds are provided in Exhibit A. The City Council, at the time of approval of the refunding , specified its inteM to reyiew and approve the expenditure of the 54,500,000 Reserve Fund during the 1996 Budget adoption process. In addition, i�terest earnings on the Reserve Fund are estimated to be 5636,982 for a total of $5,136,982. �'l � - �- � Memorandum to City Council Civic Center Expansion 22 February �996 The Civic Center Authority Expansion Coordinating Committee (ECq has prepared detailed recommendations for the Council to consider when reviewing and adopting a proposed amendment to the 1996 Budget as provided in the aforementioned resolution. The ECC proposes that the 55,136,982 be aliocated as foliows: 1. Moveable Furnishings and Equipment 2. Operable Partition @ Exhibit Hall 3. Teleconferencing Equipment 4. Stainless Steel for Floor Boxes 5. Acoustical Panels @ Exhibit Hall 6. Construction Co�tingency 7. Movab{e Kitchen Equipment S. Kellogg Lobby F�oor 9. Arena Treatmenti7th Street Entry 10. Finishes at Ballroom and Meeting Rooms 11. Concessions/Food Court 12. Elevator No. 2 13. Carpet Tile 14. Quarry Tile 15. Capitaf Guarantee Surety Bond 16. Pedestrian Connections or Other Related Projects fY�lr_l� Descriptions of these items are provided in Exhibit B. S 1,018, 829 92,000 500,000 16,000 17,000 4�6,803 500,000 400,000 975,000 287,000 250,000 75,850 7, 300 23, 700 67, 500 500.000 $ 5,136,982 The design process for the Expansion started in 1993. The ECC, along with Civic Center staff, the architect and project manager have been meeting bi-weekly since 1993 to review and oversee the development ot the design. The design process has involved periodic reviews at the end of several phases: Conceptual Design, Schematic Design, Design Development and Contract Documents. Community involvement, including a Task Force Committee, has occurred periodica(ly to review and provide suggestions regarding the building. It is intended to be an outstanding multi-purpose facility distinctive in design, practical in its functionafity and user friendly. At each phase, the design was carefully scrutinized and reconciled with the budget. All non-critical items were eliminated or included as Add Alternates to the base building bid (CP-4 Main Building). The size of the building also underwent a reduction in square feet after the Schematic Phase to reconcile the budget. Program space was not reduced, but some of the gathering spaces were reduced while still maintaining adequate standards. °�c� -a3 � Memorandum to City Councif Civic Center Expansion 22 February � 996 In December, 1995 a request was made for use of the Debt Service Reserve. Originally, a request was made fior funding of major items such as CVB/Ordway Administretive Otfice Construction and Allocation to November 29, 1995 Main Building Bid cost. The specific items have changed since that request due to the schedule for the project. Award of the CP-4 Building Construction bids for 546,053,000 was necessary to maintain the project schedule. The ECC evaluated the bids with the current funds and determined it was prudent to award bids to begin the major construction in a timely manner. Therefore, items which were not yet bid were scrutinized and items were removed from the budget. These items comprise the requested list. The use of the Debt Service Reserve provides funding of the final design which will give the City of Saint Paul a distinctive and functional facility. Each item listed above has been carefully reviewed and the ECC has determined the use of the Deht Service Reserve for these items is in the 6est interest of the Civic Center Expansion. Additional information is included i� Exhibit B. The Expansion Coordinating Committee respectfully requests your approval of the above for the allocation of the Debt Service Reserve. 3 °� c, —a � �. EXHIBIT B 1. Moveable Furnishings and Equipment The Civic Center staff, working with a convention center consultant, inventoried alI the existing furnishings and equipment. Tfiey carefully evaluated the condition and determined the additional equipment needed for a facility ofi this size and tunction. Moveable furnishings and equipment for the Civic Center include items such as seating, tables, portable dance floor, chair racks, lecterns, flag sets, table skirting, pipe and drape, trash receptacles, office furniture, scissor lifts, fork lifts, flatbed carts, floor cleaning equipment, safety equipment, and miscellaneous equipment. These furnishings and equipment are essential to give clients state- of-the-art equipment which augments their event. 2, Opereble Partitions at Exhibit Hall This partition will separate the Exhibit Hall into two sections. The Exhibit Hall is 74,980 Square Feet (SF) total. Half A would be 42,240 SF and Hall B would be 24,640 SF. The entrances have already been designed so each area may have independent events. This will allow the Civic Center to book multiple events and increase the attendance and profit for the facility. 3. Teleconferencing Equipment in Summer 1994, the ECC researched the use of teleconferencing equipment. They sent survey forms to both current and potential clients to determine the anticipated use of a teleconferencing facility. The response was good and indicated a potential for a teleconferencing site. In the new convention center one of the meeting rooms at the east end of the Meeting Room Level has been designated as the teleconferencing site. Conduit and structural designs have already been incorporated into the building. This will provide an additional revenue source for the facility and enhance the services the Civic Center can provide to their clients and the community. 4. Stainless Steelfor Floor Boxes Sixty-five floor boxes will be installed in the Exhibit Hall floor. These specialized boxes provide efecYrical power, telecommunications, compressed air and water to the booths on the floor. These floor boxes are exposed to water because of such things as cleaning cars for "World on Wheels" or releasing the water in the Trout Tank at the Sportsmen's Show. A stainless steei structure, in lieu of the base bid galvanized steel, will p�ovide improved durability of tfie boxes and reduce replacement costs in the future. 5. Acoustical Panels at Exhibit Hall The Exhibit Hall is an extremely large room, approximately 380' x 176' (similar in size to the Arena). The walls are concrete block, with concrete floor and ceiling. Only exhibitor's booths and carpet will absorb the noise of thousands of attendees. The proposed acoustical panels would be installed on the upper portions of the walls to reduce reverberation and noise. Sy reducing the reverberation, the Hall sound and speech intelligibility and clarity will be upgraded. 1 °�c.-a�1. EXHIBIT B (Continued) 6. Construction Contingency The Construction Contingency is used during construction for changes in the work due to such items as unknown field conditions or detail differences. We recommend maintaining Construction Contingency for CP-4 at 5%. $406,803 will augment the Construction Contingency for CP-4 to 5%. This is industry standard. Previous site construction packages used more than 5% due to unusual site conditions such as the numarous unmapped tunnels. 7. Moveable Kitchen Equipment The expanded Civic Center will have a state-of-the-art kitchen facility, lt is located on the Meeting Room Level adjacent to the Grand Ballroom. It has been jointly designed 6y a national kitchen designer in conjunction with local caterers. Moveable kitchen equipment includes such items dish racks, sheet pan racks, speed racks, mobile hot units, plate warmers, smallwares, portable prep tables, portable bars, service carts, etc. Existing equipment will be used, 6ut additional equipment is required for the sig�ificant increase in catering the new meeting rooms and 6allrooms will generate. 8. Kellogg Lobby Floor One of the more exciting Public Art Projects is a custom floor in the Kellogg Lobby. The base bid floor is colored concrete. This project will add a design to the floor using an etching and coforing technique. A sample of the technique has 6een installed in the Wilkins Auditorium East Entry (accessible 6etween the Ordway and Minnesota Club�. "Mississippi Fiiver Imagery and Mudflats Floor" is the title of the work. The concept will create unique vignettes in the Kellogg Lob6y Floor depicting things you would see in the Mississippi River such as fish, frogs, mudflats, water, etc. The visitors to the Givic Center may even decide to nickname various areas of the lobby and say "Meet me at the walleye lake". Only two other places in the US have used this type of design, the MGM Grand Hotel in Las Vegas and the Rainforest Cafe at the Mall of America. The design is functional, yet spectacular to a new visitor to the Convention Center. The additional cost for the artwork in the floor is estimated at 5400,000. 9. Arena Treatment/7th Street Entry The existing Arena was constructed in 1970. It is an impressive structure with a unique shape that towers above Cleveland Circle. Some citizens feel the building is perhaps too large and unappealing. The West Seventh Street {Seven Corners) entrance is the main entrance to the Arena. To create a focal point at Seven Corners entrance, enhancements are needed to the current entrance. The new entrance structure will be the height of the existing building with theatrical lighting to lead visitors into the facility. It will provide energy efficiency, serving as a wind break to the existing lobby which currently has no air lock at the doors. The wind break is a necessity that was brought to our immediate attention during the Sportsmen's Show with our subzero temperatures. In addition, the existing lobby is too small. The new lobby provides additional space for queuing and Box Office functions. °lc, -a�� EXHIBIT B (Continued) 10. Finishes at Ballroom and Meeting Rooms The base bid finishes include painted walls at the meeting rooms, and painted walls with a chair rail at the Ballroom. Augmented finishes in the Ballroom include fine wood wainscot with fabric acoustical panels above. A decorative chair rail is added at the meeting rooms with acoustical walls panels. These finishes will create a dramatic yet durable and functional setting for the varied events. 11.Concessions(Food Court At the intersection of the Convention Center, Arena and Wilkins Auditorium, there is an area which will be used for a Concessions/Food Court. It currently houses the temporary meeting rooms. The Food Court will provide food and beverages for visitors attending events in all areas of the facility. It will be a profit center for the building. The base bid for CP-4 provides for demolition ofi the meeting rooms and replacement of structural members such as ceiling and wall surfaces. This request will provide for the actual buifd-out of concessions counters and mechanical and electrical services. 12. Elevator No. 2 Elevator No. 2 provides an additional elevator for public visitors only. This elevator would go from Exhibit Hall Level 1 up to Meeting Room Level 4 and is located on the East End of the building. One other public elevator is located at the West End. With the size of the new Convention Center, it is important to keep in mind the needs of the physically challenged and a second elevator would provide better access for these patrons. 13. Carpet Tile In a facility of this type, the carpet takes a lot of abuse. Carpet tile would provide ease of maintenance in keeping the rooms looking fresh and clean. Instead of extensive and expensive whole-carpet cleaning, the tile which is dirty or damaged could be removed and cleaned or replaced. This would keep overhead costs lower and result in a longer life to the carpet. 14. Quarry Tile The base bid floor tinish for the kitchen is an epoxy floor. Although the epoxy floor is durable, a quarry tile floor would provide optimum durability and performance. The kitchen is intended to be used for the life of the building and providing the most durable floor and wall surfaces will ensure lower continued maintenance. 15. Capita! Guarantee Surety Bond Cost for release of the Debt Service Reserve. This is the price of the surety bond for Capital Guarantee. 16. Other Civic Center Related Projects Discretionary moneys for the City of Saint Paul City Council for project uses related to the Civic Center. �l�-a31 MEMORANDUM TO: Council President David Thune Council Members Jerry Blakey Dino Guerin Bobbi Megard Dan 6ostrom Mike Harris Janice Rettman FROM: Civic Center Authority's Expansion Coordinating Committee: Richard Zehring, Chair, Joseph 0'Neill, James 0'leary, Joseph Reid, Chris Hanse DATE: 22 February 1996 RE: Saint Paul Civic Center Expansion CP-4 Main Building Construction Status Saint Paul Civic Cencer I A. O'Shaughnessy Plaza 143 WescPouahScreec n Sain� Paul, Mivnesorn 55toz-1z99 <612) 224-7361 Par 22¢I142 The Civic Center Expansion is well underway. In the last year, Kellogg Boulevard has seen the follo�ving changes: removal of Civic Center Parking lot and 400' x 200' "hole" which extends 20' ro 60' below grade; demolition of the Civic Center Concourse Building, demolition and reconstruction of over 800 lineal teet of bridge s*.ructure; excavation for 430 car parking ramp; installation of AJA elevator and harrdicapped ramp #or the Arena; new entry on the east side of Wilkins Auditorium. Events at the Civic Center and Ordway have been on-going with minimal disruption from the construction. The largest phase of construction, $46 Million for ,he main building of the Civic Center Expansion, started 18 January 1996. Three prime contractors will be constructing the project: M.A. Mortenson, General Work Me*.ropo�itan fVlechanical, Mechanical Work Gephart Electric, Electrical Work It is estimated 350 workers will be on site during the height of construction. Thirty-five workers are currently on site. The first footings tor the parking ramp were constructed on 8 February 1996. In the next few months the following work will be visible: • Tower Cranes set in place. The first will be up by 1 March. These will be about 160' tall. • Footings and decks of parking ramp constructed. By May, the top deck of the ramp should be in place. • Demolition of remaining part of Concourse Building. In May, the last portion of the Concourse Building will be demolished and erection of Yhe structure will start. • Construction of elevated concrete floor structure at West End will occur in April, 1996. • Erection of Skyway Steel will begin in July, 1996. Work on this phase will continue until Spring, '1998. The building is anticipated to open in phases: • Parking Ramp & Skyway • Exhibit Hall and Main Entries • Meeting Rooms and Ballroom • Renovation of Existing Building March, 1997 December, 1997 February, 1998 April, 1998 Several bid packages are forthcoming. They include sitework, public art projects, signage, audio/visual equipment and Arena/7th Street Entry. Most of these will be bid in 1996. ,���« °� c. - z � � MEMORAPJDUM CITY COUNCtL SAINT PAUL CNIC CENTER EXPANSION CONSTRUCTION UPDATE 20 FEBRUARY 1996 PAGE 2 We are very excited to be under construction. This facility will be an outstanding asset to the City of Saint Paul which will provide visitors with a multipurpose facility distinctive in design, practical in its functionality and user friendly. We would like to invite you to tour the site at your convenience. Please don't hesitate to contact Chris Hansen at 292-7511 or Susan Jones, CPMI Project Manager at 298-5409. �ic�-�-� � tnterdepartmental Memorandum C1TY OF SAIIVT' PAUL February 26, 1996 To: Council President Thune Council Member Blakey Council Member Bostrum Council Member Guerin Council Member Harris Council Member Megard CouncIl Member Rettman Fr: Jim O'LearyC�'''�' Re: Civic Center Project At the request of the Councfl President Thune and the Civic Center Ea�pansion Committee, I have prepared the attached analysis of the Sources and Uses of the financing for the Civic Center E�ansion Project. The first page of the analysis is a comparison of the methodologies of Revenue Bonds versus General Obligation Bonds. These were the two financing options that were looked at prior to the sale of the sales tas bonds. The initial plan was that the sales taY bonds for the project would have the City's general obligation pledge as the basis for the security, although the intention was to pay the actual debt service with the new one-half percent sales talc proceeds. Unfortunately, the use of the City's G. O. pledge did not work and so the bonds were sold as revenue bonds which required a fully funded debt service reserve in the approximate amount of $4.5 million. The Civic Center project, thereby, received $4.5 million (plus interest) less than would have been avaitable if the bonds had been sold as general ohligations of the City. When the City refunded the sales taY bonds in 1995, we were able to secure the release of the debt service reserve. These funds and the interest earnings are now available for the project. The second page of the analysis shows the current status of the projecYs financing. You will note that the release of the debt service reseroe funds, and the interest earnings thereon, amounts to approximately $5,136,982. The reserve funds and the ]nterest are considered bond proceeds and must be used for Civic Center project activities. The third and final page of the analysis is a listing of the project activities that are being recommended for funding from the $5,136,982 by the Civic Center Authority's Eapansion Coordinating Committee. Attaclunent K:ISHARED\TAO\CCFIN.CT'I, °I` -a34 SOURCES AND USES COMPARISONS: REVENUE BONDS VS G. O. BONDS SOURCES REVENUE BONDS G.O. BONDS Par Amount of the Bonds Accrued tnterest i 1(1 though 11 /4 Interest Earnings on all Proceeds Total Funds Available TOTALS 565,000,000 27,768 9, 681, 982 S74,709,750 565,000,000 27,768 9,681,982 USES 574,709,750 REVENUE BONDS G.O. SONDS Bond Discount and Costs of Issuance 51,325,700 51,325,700 Original Reserve Fund 4,432,530 0 Deposit to Debt Service Fund 27,768 27,768 Deposit to Construction Fund and Contingency 59,241,770 63,674,300 Interest Earningsin Construction Fund 9,681,982 9,681,982 TOTALS $74,709,750 574,709,750 NOTES: 7. The State Legislation limited the project to 565 million. 2. Total funds that would have been available for the project under the original plan using G.O. Bonds was S73,756,282. 3. The original plan was to issue bonds that did not have a debt service reserve. When the issue changed to revenue-based, the project lost S5 million. 4. The refunding has allowed the release of the $5 million for the project. FILE0007 �1(. - �- '� 1 SAINT PAUL CIVIC CENTER PROJECT: SOURCES AND USES 26-Feb-96 SOURCES: FUNDS AVAILABLE Revenue Bond Praceeds Construction Fund Interest Earnings Original Reserve Fund Reserve Fund Interest Earnings AMOUNT 558,837,957 9,045,000 4,500,000 636,982 BUDGETED WORK Administration Consultants Project Management SUBfOTAL UNDER CQNTRACT CP-1 Bridges/Excavation CP-2A Switchgear CP-2B Elevator CP-3 Temporary Facilities CP-4 Hazardous Materials Abatement/Fees Public Art Program Telephone/Data Systems Moveable Furniture and EquipmenT SUBTOTAL REMAfNING PROGRAM A/V System Office Finish Out Test & Balance City Fees (DPW) Public Art Building Enhancement Public Art Program General Conditions AsphalS Package Fixtures and Furnishings SUBTOTAL CONSTRUCTION CONTINGENCY TOTAL AI�L USES AMOUNT S 1,049, 704 5, 749, 914 1, 7 73,200 55,877,981 238,590 70,299 1,910, 343 46,053,000 498,955 106, 851 72, 034 46,085 S 554,170 280,000 70,000 569,452 1 10,000 293,149 660,000 91,250 647,137 $7,972,818 S 54, 868,138 53,275,158 S 1, 766, 843 567.882,957 FILE00006 °IC.-a3� SAINT PAUL CIVIC CENTER PROJECT PROGRAM ELEMENTS RECOMMENDED FOR FUNDING PROJECT COMPONENT Surety Bond (To replace D/S Reserve) Operable Partition in Ex-Hall * Quarry Tile in Kitchen * Meeting Rooms/Ballroom Finishes ' Carpet Tile ' Stainless Steel Floor Boxes* Elevator * Acoustical Tiles in Ex-Hall * Construction Contingency Kellogg Lobby Floor Furniture, Fixtures and Equipment Arena Exterior and Seventh Street Entrance Concessions Area/Food Court Movable Kitchen Equipment Teleconferencing Equipment Pedestrian Connections or Other Related Projects TOTAL COST ESTIMATE 567,500 92,000 * 23,700 � 287,000 * 7,300 * 16,000 * 75, 850 *' 7 7, 000 * 406, 803 400, 000 1,018, 829 975,000 250,000 500,000 500,000 500,000 S 5, 7 36, 982 *Indicates items that were bid as alternates but were not awarded due to insufficient funding. The bids on these items will be available until March 16, 1996. After this date these items will need to be rebid. FILE0004