HomeMy WebLinkAbout~Master - Addendum to Agreement with ISU for additional financial contribution for Airport Improvements RESOLUTION NO. 15-529
RESOLUTION APPROVING ADDENDUM TO AGREEMENT WITH
IOWA STATE UNIVERSITY PROVIDING FOR ADDITIONAL FINANCIAL
CONTRIBUTION FOR AIRPORT IMPROVEMENTS
FOR THE CITY OF AMES
WHEREAS, the City's 2015-2020 Capital Improvements Plan (CIP) includes a project to
construct a new terminal building, itinerant hangar, and related site improvements at the Ames
Municipal Airport; and,
WHEREAS, on July 14, 2015, staff presented a report summarizing the funding history of
the terminal building and detailed a projected budget shortfall for the improvements based on 1)the
fact that the low bid received for the site preparation work came in$202,000 greater than the budget
and, 2) the City's architect for the project provided a cost update for the terminal building which
indicated that the building as proposed with 6,970 sq. ft. is now estimated to be $548,000 over the
budget amount(assuming the least expensive option of a flat roof design is accepted, along with a
projected 10% contingency); and,
WHEREAS,the most recent cost estimates indicate that the Airport improvements reflected
in the CIP are now $750,000 over the current budget; and,
WHEREAS,in order to rectify this$750,000 budget shortfall,the City Council identified that
ISU and the City of Ames must agree to contribute up to an additional$250,000 in cash towards the
improvements that included the engineering/design of the terminal, site preparations, and terminal
construction costs; and,
WHEREAS, assuming that the addition of a new terminal building and itinerant hangar
remains a high priority of the City Council, it is staff s recommendation that the Council approve
an Addendum to the December 10,2015,Agreement which obligates Iowa State University and the
City of Ames each contribute up to an additional $250,000 towards the Airport improvements, as
well as authorize City staff to work with the architect/engineers and user focus group members to
identify reductions in the square footage of the proposed terminal building that will reduce the
construction cost by$250,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Addendum to the Agreement between the City of Ames and Iowa State University providing
for an additional$250,000 each financial contribution for Airport improvements is hereby approved.
ADOPTED THIS 25`h day of August, 2015.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Nelson
Seconded by: Gartin
Voting aye: Corrieri, Gartin,Nelson, Orazem
Voting nay: Betcher, Goodman Absent: None
Resolution declared adopted and signed by the Mayor this 25"'day of August, 2015.