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Last modified
9/20/2012 7:21:38 AM
Creation date
8/15/2011 2:41:11 PM
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Building
RecordID
10248
Title
Legal- Miscellaneous
Company
Marion County
BLDG Date
1/1/1999
Building
Courthouse Square
BLDG Document Type
Legal
Project ID
CS9801 Courthouse Square Construction
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of structural repairs and replacement of the ceiling slab. See paragraph 4.2 of <br />the condo agreement. <br />The basic method for determining the respective share of each party for the total <br />project costs starts by defining the project. Originally, this was done by defining the <br />county facilities and the transit facilities in the Intergovernmental Development <br />Agreement. See Section 1 of the IGA. In E~chibit D, a cost alloca.tion was made <br />based on ACC estimates of total direct construction costs. These costs were split <br />between the two parties. The relative share of the total cost was calculated. Payment <br />of invoices is based on each party paying its respective share of construction related <br />costs. Provision is made for dealing with special items for which one party or the <br />other is responsible. Change orders will be paid according to the appropriate cost <br />allocation: land, construction, or special items. <br />An adjustment to the respective share allocation was anticipated, based on refined <br />cost estimates and the actual construction bid. See paragraph 1.40 of the IGA and <br />"Construction Related Costs" of Exhibit D. The Respective Share and Continuing <br />Control Amendment negotiated between the parties in May, 1999, made such an <br />adjustment. The respective shares changed as follows: <br />County Transit <br />IGA 68.58% 31.29% <br />Amendment 69.36% 30.64%. <br />Special items were allocated between the parties, and accounts were balanced at that <br />time. A copy of the amendment is attached. As you can see, the basic method for <br />dealing with cost sharing and change orders is laid out. But it is not a fixed formula. <br />It requires continuing negotiation as construction proceeds. <br />The bus mall is part of the project costs. The total cost of the.bus mall is allocated <br />wholly to the transit district. A copy of the cost sharing breakdown from E~ibit D is <br />attached. The cost breakdown probably changed based on the bids. Project costs, as <br />defined in the IGA include the cost of construction. A copy of this definition is <br />attached. Any significant changes to the total direct construetion costs may result in a <br />change in the relative share of the costs between the parties and require a <br />recalculation of the respective shares. If the costs for the bus mall go up, the transit <br />district can pay those additional costs. This would eliminate any need to change the <br />
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