HomeMy WebLinkAboutIR 8040 INFORMAL REPORT TO CITY COUNCIL MEMBERS No.- 8o4-o
Teams November 26, 1996
ax 0To the Mayor and Members of the City Councii
Subject:
1873 LONE STAR GAS BUILDING AND
MUNICIPAL BUILDING RENOVATIONS
LONE STAR GAS BUILDING
The October 1995 cost estimate projected renovation costs for floors 1-5 to be $1,396,500. On
June 18, 1996, Council was advised that the estimated costs had increased to $1,760,441.
Expenditures to date have been$841,807 and we anticipate that we will complete floors 1-5
within the June estimate.
Water Customer Services has moved into the first two floors of the building in late July. Our
expenditures to date for completing the first two floors, asbestos removal for the entire building
and providing a framework for IS S communications to all floors is $841,807. Funding sources
have been the Environmental Management Fund ($114,189), Capital Projects Reserve Fund
($204,451), Water Department revenues ($488,167), TPW operating budget($35,000). The
annual rental revenue from Water Department for the first two floors is $131,000.
Our architect has finalized the space planning for the Municipal Building and floors 3-5 of the
Lone Star Gas Building and is ready to complete the design for the renovation. He has reviewed
the status of the heating and cooling (HVAC) system and due to the age and inadequacy of the
system has recommended that the HVAC system be replaced. Replacing the HVAC system at
this time will avoid additional retrofitting costs and inconvenience to the building occupants in
the future. At this time it has been decided to replace the HVAC system instead of renovating
floors 6 and 7.
Renovation work on floors 3-5 of the building will proceed as soon as the design is complete and
the fund sources identified. We recommend this funding in the amount of$861,500 come from
the Capital Projects Reserve Fund.
MtNICIPAL BUILDING and PUBLIC SAFETY BUILDING
Now that Water Customer Service has moved to the Lone Star Gas Building, other departments
will relocate in the Municipal Building and Public Safety Building. As reported to you in my
June, 1996 Informal Report, the cost for these relocations is expected to be $460,800. This cost
does not include furniture and anticipates only minor changes to the floor space configurations
of the buildings. We recommend this amount be set aside in the Capital Projects Reserve Fund
to cover he ticipated costs.
0 ver he costs,
I
Bob .......
ob Terrell
#f ft, City Manager 0, F'F1 to I�
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ISSUED BY THE CITY MANAGER FORT WORTH,TEXAS