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Summary:
The CITY, CRA and the Dr. Phillips Center for the Performing Arts, Inc. a Florida non-profit corporation formerly known as the Orlando Performing Arts Center Corporation (DPC) previously entered into the Orlando Performing Arts Center Agreement dated June 20, 2007, as amended (the “Agreement”) setting forth the Parties’ agreement relating to the funding, design, construction, development, operation, maintenance and repair of a new performing arts center in downtown Orlando (the “Center”). Amendment No. 7 provides that DPC will be reimbursed up to an additional $751,067.99 from project construction funds for additional costs of Owner's Representative services as a result of the extension of the estimated completion date of Stage 1 of the PAC. The increased funding will result in less project construction funds available for Stage 2. |
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Fiscal & Efficiency Data:
See Attached Fiscal Impact Statement
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Recommended Action:
Approval of Amendment No. 7 and authorization for the Chairman and Executive Director to execute same, subject to review by the City Attorney's Office |
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Agenda Item attachment(s) on file in the City Clerks Office.
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Note:
All agenda items must
be in the City Clerk's office by Noon Friday, six(6) business days prior to the
regular Monday City Council meeting.
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Contact:
Wesley Powell
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Approved By:
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Department
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Date and Time
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| Budget Outside Routing Approval |
11/6/2014 1:56 PM |
| Budget Outside Routing Approval |
11/6/2014 1:56 PM |
| Real Estate and Finance Attorney |
11/6/2014 3:03 PM |
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