Reso 2010-1658 - Laserfiche WebLink

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4.2 Interim milestones and/or Substantial Completion of identified portions of the Work shall be achieved as follows: 4.3 Final Completion of the Work or identified portions of the Work shall be achieved as expeditiously as reasonably practicable. ARTICLE 5 CONTRACT SUM - GUARANTEED MAXIMUM PRICE 5.1 CITY shall pay CONTRACTOR in current funds as full compensation for the performance of all the Work for the construction of the Public Improvements which shall consist of the Elevated Park and a three hundred eight (308) space Parking Garage which shall include approximately 19,000 square feet of ground level retail area, but subject to additions and deductions by Change Order or Written Amendment as provided in this Agreement, and subject further to possible reductions as set forth in Article 6.2.1 below, the sum of Fifteen Million Dollars and 00/100 ($15,000,000.00) (the "Guaranteed Maximum Price"). This Article is subject to the terms and conditions of Article 20 hereof. 5.2 Buy Back Provision. CITY and CONTRACTOR agree and acknowledge that it is the intent of the parties to negotiate and enter into a Buy-Back Agreement relative to the nineteen thousand (19,000) square feet of commercial retail space to be located in the garage. ARTICLE 6 CONTRACTOR'S RESPONSIBILITIES 6.1 Responsibilities - Preconstruction Phrase: 6.1.1 Preliminary Evaluation: CONTRACTOR shall provide preliminary evaluation of the CITY's program and Project budget requirements, each in terms of the other. 6.1.2 Consultation: CONTRACTOR will schedule and attend regular meetings and will consult with CITY regarding site use and improvements, and the selection of materials, building systems, and equipment. 6.1.3 Subcontractors and Suppliers: CONTRACTOR shall develop subcontractor interest in the Project and shall furnish to the CITY, information, a list of subcontractors, including suppliers who are to furnish materials or equipment fabricated to a special design. The receipt of 7