Construction Phase October 21, 2014

 City of Palm Coast Brian Rothwell, Purchasing Manager Team Leader Stephen Flanagan, Utility Development Manager Carl Cote, Construction Manager Dianne Torino, Contracts & Risk Manager Christopher Quinn, Finance Director Virginia Smith, City Clerk Beau Falgout, City Administration Coordinator  C.T. Hsu & Associates, Inc. Jim Hughes, Principal Tim McNicholas, Principal  Gilbane Building Company Joe Frisco, Senior Project Executive

 Appropriate Project Size and Scope Built for Immediate Needs  No Increase in Existing Residents’ Taxes  Use Existing Financial Resources City Hall Offices = $6.9 Million  Building Permit Fund Excess Revenues=$1.1 Million  Repayment of SR100 CRA (Town Center) Loan=$5.8 million Central Park Community Areas  Allow for phasing as CRA (Town Center) revenues are available  Available CRA Funds in FY2015=$0.5 million

 Completed Space Needs and Cost Analysis  Refinanced Inter-Fund Loan  Allocated Funds for Project  Approved Service Contracts Architectural Services Construction Management Services (at-risk)  City Council Preliminary Design Presentation  Marketing Efforts to Encourage Local Bidders  Final Design Completed  Construction Manager Bids Project  Guaranteed Maximum Price  Ground Breaking  Occupancy

Presented to City Council on March 11, 2014

PHASES | City Hall and Community Spaces Community Event Lawn Future Parking as Needed Future Additional Offices City Hall 32,000 s.f. Phase 1 Parking CommunityMeeting 8,000 s.f. AdditionalParking Promenade and and Public Plaza

LAKE VIEW IN CONTEXT

LAKEFRONT PLAZA VIEW

Phase 1 – City Hall Offices Phase 2a – Infrastructure for Central Park Community Areas

1 st Floor

2 nd Floor

 Vendor Roundtables  Vendor Pre-Qualification  Local & Market Area Participation  17 Vendor Packages (e.g. Concrete, Elevators, etc.)  8 Likely Awards to Local and Market Area Vendors

 Guaranteed Maximum Price of $6,613,743  33,420 s.f. City Hall Office Building  Includes Furnishings, Fixtures, and Equipment  1,697 s.f. of Unfinished Areas for Future Build Out  Phase 2a: Infrastructure Work for Central Park Community Areas  LEED Certification

 Existing Contract  Construction Manager (CM) At-Risk  Cost Overruns CM Responsibility, Not City  Cost Savings Returned  80% to City  20% to CM  Amendment to Contract  Establishes Guaranteed Maximum Price of $6,613,743

PROJECT COSTS PROJECT FUNDING  Design Fees$794,230  Pre-Construction Fees $41,890  Construction$6,613,743  Total$7,449,863 Approved Project Budget  Loan Repayment$5,792,529  Bldg. Reserves** $1,111,334  CRA Funds***$546,000  Total$7,449,863 **Building Department Reserves for Building Function of City Offices ***CRA Funds for Design and Phase 2a Project Costs

 GMP ApprovalOctober 21, 2014  GroundbreakingOctober 29, 2014  ConstructionNov – Aug  Substantial CompletionAugust 2015  FFE InstallationSeptember 2015  City OccupancyOctober 2015  Marketplace Lease EndsNovember 2015