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HomeMy WebLinkAboutStaff Report 1618City of Palo Alto (ID # 1618) City Council Informational Report Report Type: Informational Report Meeting Date: 5/2/2011 May 02, 2011 Page 1 of 1 (ID # 1618) Title: Palo Alto Monthly Library Update Subject: Palo Alto Library Projects March 2011 Report From:City Manager Lead Department: Public Works Executive Summary Attached please find the March 2011 Monthly Update Report prepared for the City of Palo Alto by our Construction Management firm, Turner Construction Company. It can be found on the City's Webpage at www.cityofpalo.org/libraryprojects. This is an informational report and no action by Council is required. Attachments: ·Palo Alto Library Monthly Report (PDF) Prepared By:Philip L. Bobel, Manager, Environmental Compliance Department Head:J. Michael Sartor, Interim Director City Manager Approval: James Keene, City Manager ÿþ Palo Alto Library Projects Monthly Progress Report March 2011 Downtown Library Mitchell Park Library & Community Center Main Library Mitchell Park Main Entry 4/8/11 Turner Construction Company Project Status Reports Table of Contents Project Status Reports Downtown Library Mitchell Park Library & Community Center Library Closure Plan Financial Summary Building A Library Welding Continues Te m p o r a r y L i b r a r y a t C u b b e r l e y f i n i s h e d w i t h i n b u d g e t Do w n t o w n L i b r a r y b i d s w e r e u n d e r b u d g e t a p p r o x i m a t e l y $ 8 0 0 , 0 0 0 Mi t c h e l l P a r k L i b r a r y & C C b i d s w e r e u n d e r b u d g e t a p p r o x i m a t e l y $ 8 , 0 0 0 , 0 0 0 Bo n d c o s t s f o r t h e f i r s t i s s u a n c e w e r e s i g n i f i c a n t l y l e s s t h a n b u d g e t e d . P r o j e c t e d S a v i n g s R e s e r v e f r o m l o w e r p r o j e c t e d fi na n c - in g c o s t s a r e $ 1 , 3 5 0 , 0 0 0 . . Sa v i n g s r e s e r v e h a s b e e n a d j u s t e d d o w n f o r v a r i o u s u n b u d g e t e d e x p e n s e s . Bo n d Is s u e E n g i n e e r ' s Es t i m a t e P r o j e c t e d Ac t u a l E x p e n s e s S a v i n g s 09 0 1 0 C u b b e r l e y T e m p o r a r y L i b r a r y 64 5 , 0 0 0 5 7 0 , 8 7 4 74 , 1 2 6 09 0 0 5 D o w n t o w n L i b r a r y 4, 0 0 0 , 0 0 0 5 , 2 1 2 , 0 0 0 4 , 4 7 7 , 4 4 2 7 3 4 , 5 5 8 09 0 0 6 M i t c h e l l P a r k L i b r a r y & C . C . 50 , 0 0 0 , 0 0 0 4 9 , 0 4 3 , 0 0 0 4 1 , 2 5 4 , 0 1 2 7 , 7 8 8 , 9 8 8 11 0 0 0 M a i n L i b r a r y 18 , 0 0 0 , 0 0 0 1 8 , 0 0 0 , 0 0 0 1 8 , 0 0 0 , 0 0 0 0 Ar t C e n t e r T e m p o r a r y L i b r a r y 50 0 , 0 0 0 5 0 0 , 0 0 0 0 Bo n d i n g a n d F i n a n c i n g C o s t s 4, 0 0 0 , 0 0 0 2 , 6 0 0 , 0 0 0 1 , 2 5 0 , 0 0 0 1 , 3 5 0 , 0 0 0 0 0 BO N D E D A M O U N T 76 , 0 0 0 , 0 0 0 7 6 , 0 0 0 , 0 0 0 66 , 0 5 2 , 3 2 8 9, 9 4 7 , 6 7 2 - - - Ma r c h - 2 0 1 1 FI N A N C I A L S U M M A R Y BU D G E T CO S T S