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IINANCE NO. 17,010 •
AN ORDINANCE AUTHORIZING THE CITY MANAGER TO AWARD
A BID AND EXECUTE A CONTRACT FOR CONSTRUCTION OF THE
RIVER MARKET; APPROPRIATING AND REALLOCATING FUNDS;
DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES.
WHEREAS, the Board of Directors of the City of Little Rock has endorsed the
development plans for the River Market District and River Market in Resolution No.
9,476; and
WHEREAS, the 1995 Capital Improvement Bond Issue included funds for the
development of the River Market; and
WHEREAS, other funds are available to be allocated to the River Market; and
WHEREAS, the City has received.bids for the River Market construction and
staff recommends that the low bid submitted by Nabholz Construction Corporation in
the amount of $2,913,400 be accepted.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. Funds available for the project are as follows:
(a) There are 1995 Capital Improvement Bond Funds available for the project
of $1,084,979.23 in account number 303 - 230 -0391.
(b) HUD special purpose grant number AR 37SPG503 included $1,200,000
for park improvements, which are hereby allocated to the River Market
project.
(c) There is hereby reappropriated the sum of $100,000 from account number
210 - 230 -0332, the new Museum of Science and History project, to account
number 303 - 230 -0391 for the River Market project.
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1 (d) There is hereby reappropriated the sum of $200,000 from account number
2 210 -230 -0418, the East Markham Streetscape project, to account number
3 303 -230 -0391 for the River Market project.
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5 (e) Additional funds to complete the funding required for the project are as
6 follows: $80,000 from the Central Arkansas Library System; $170,000
7 from the Downtown Partnership; and $100,000 from Riverfest, Inc.
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9 SECTION 2. The City Manager, upon all the funds set forth in Section 1 being
10 consolidated and under his control, is hereby authorized to accept the bid submitted by
11 Nabholz Construction Corporation and to execute a contract with that firm for
12 construction of the River Market in the amount of $2,913,400.
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14 SECTION 3. DECLARING AN EMERGENCY. The development of the River
15 Market District is essential to the revitalization of downtown Little Rock and will
16 promote the public health safety and welfare. It is critical that this construction begin
17 immediately. An emergency is therefore declared to exist and the ordinance shall be in
18 full force and effect from and after the date of its adoption.
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21 PASSED: November 7, 1995
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23 ATTEST: APPROVED:
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28 CITY CLERK MA
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30 APPROVED AS TO FORM:
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32 OMA M. CAK TEK V
3 3 DLO t u �7
34 CITY ATTORNEY
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TABULATION FOR BID # 967 450
Title: Buildings & Pavilions for the River Market
Opening Date: 11/2/95 @ 2:00 P.M.
Nabholz Construction Corporation ($2,913,400) Award
Flynco 2,960,000
Kinco 3,037,000
Kullander 3,364,000