HomeMy WebLinkAboutIR 8009 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8009
r To To the Mayor and Members of the City Council June 18, 1996
'•x� Subject: LONE STAR GAS BUILDING
ye»
The October 1995 cost estimate projected renovation costs for floors 1-5 to be $1,396,500. The
current cost estimate is now expected to be $1,760,441 which is 26%higher than the October 1995
estimate.
The original estimate included only minimum funding for environmental compliance and for
finishing out each floor. As the renovations proceeded, it was decided to do a full-fledged asbestos
abatement program, instead of a minimum program. It was also decided to do more extensive
remodeling of the first two floors than was previously planned. The original estimate also did not
include any costs for finishing out floors 6 and 7 of the building, which have been included in the
current estimate. These changes added considerable cost to the building's renovation. We still plan
to minimize construction for the remaining floors, which should allow us to stay within the current
estimate.
Floors 1 and 2
Water Customer Service will move into the first two floors of the building in late July. Other than
completing asbestos removal for the entire building and providing'a framework for ISS
communications, our expenditures have been limited to these floors. Expenditures to date, including
the construction work currently under contract,have been $898,941. Funding sources have been
Environmental Management Fund ($109,743), Capital Project Reserves($266,031), Water
Department revenues ($488,167), and TPW operating budget($35,000).
Floors 3-7
Renovation work on floors 3-7 of the building will proceed after floors 1 and 2 have been occupied.
The estimate for the improvements to these floors is$861,500. We anticipate this funding will come
from the Capital Reserve Fund and miscellaneous departmental operating funds.
MUNICIPAL BUILDING/PUBLIC SAFETY BUILDING
Once Water Customer Service moves to the Lone Star Gas Building, other departments may relocate
in the Municipal Building and the Public Safety Building. The costs for these relocations are
expected to be between$171,700 and $460,800, depending upon the number of departments that
actually relocate. These costs do not include furniture and anticipate only minimal changes to the
floor
d mpace configurations n alt buildings. Funding sources will include the Ca ital Reserve Fund
OFFICIAL RECORM
Bo Terrell
]RD
City Manager CITY SECRETARY '
.F
1"T. WORTH E
ISSUED BY THE CITY MANAGER -wa � FORT WORTHT XAS
... ._.. .. ..... ___....