DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT:
Design-Build for Downtown City Office Building (Frost Renovation) Project
SUMMARY:
Consideration of the following items related to the Downtown City Office Building (Frost Renovation) Project:
A. An ordinance for the Downtown City Office Building (Frost Renovation) Project, authorizing the negotiation and execution of a Design-Build Services Agreement with the Joint Venture (JV) partnership of Skanska USA Building Inc. and F.A. Nunnelly Company in an amount not-to-exceed $59,500,000; and, amending the FY 2018 - 2023 Capital Improvement Budget with the appropriation of $75,666,087 to the Downtown City Office Building (Frost Renovation) Project.
B. A resolution by the City Council of San Antonio, Texas establishing the City's intent to reimburse itself for the prior lawful expenditure of funds from the proceeds of one or more series of tax exempt or taxable obligations to be issued by the City for authorized purposes and as further designated by series and federal tax treatment; authorizing other matters incident and related thereto; and providing for an effective date.
BACKGROUND INFORMATION:
On June 4, 2015, City Council approved a Comprehensive Development agreement with Weston Urban LLC/Frost Bank on a transaction for a new Frost Bank Tower. This Public/Private Partnership (P3) allowed the City to acquire the current Frost Bank Tower building, which will serve as a consolidated administrative building for the City.
The original Frost Bank building was constructed in 1975. This building consists of 22 floors including a basement comprised of approximately 445,600 square feet of useable office space. The adjacent, eight (8)-story parking garage has 732 spaces. When renovated, the building will office 24 City departments and approximately 1,400 City employees, consolidating several departments tha...
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