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HomeMy WebLinkAbout45. Arena UpdateTO: Honorable Mayor & Members of the Common Council Mark Rohloff, City Manager FROM: Allen Davis, Community Development Director DATE: June 22, 2017 RE: Arena Construction, Public Improvements, Tax Increment Finance Plan, Timeline Buckstaff Demolition Complete. The City had rented equipment for $30,867 to date. Additional costs including repairs, supplies, erosion control, security fencing, and stone totaled $27,800. Arena Construction Final Building Plans were submitted and approved. The contractor has started erecting structural steel. The contractor has been hauling additional poor, impacted soils to the Berlin landfill. This is important for the City to document due to the required WisDNR approval of the Certificate of Completion and VPLE. The contractor reports that they will be submitting revisions to the site plan and building that includes signage, an updated fagade and plaza. Plan Commission and the City Council will be reviewing the revised plans upon submittal. Public Improvements The 2017 Oshkosh Capital Improvement Program does not contain any of the possible Public Improvements that may be needed for the Buckstaff Redevelopment/Arena project. Staff has identified the following possible Public Improvements for the Buckstaff Redevelopment/Arena and estimated the cost: • Main Street Sidewalk and streetlights —11th Ave. to South Park $130,000 • Improve Traffic Signals at South Park/South Main $125,000 • Install Traffic Signals at 11th/South Main $125,000 • Reconstruct South Park east of Main Street to railroad r/w. $1,378,000 • Reconstruct 111h Ave east of Main Street to railroad r/w. $773,000 11th A— --4 —f A4,, -, C+,-oo++— 11T 1 .tet., 1Z74o nnn $2,531,000 City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, wl 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us u call MIN �i pl . Design has been completed for the public improvements in 3 months, with little to no time to do thorough planning or background investigations. Bidding was completed and the City Council will be taking action on the construction contract at the June 27t'' meeting. Construction would start in July with completion planned for late fall. WEDC provided a grant for $250,000 to partially pay for planned public improvements around the arena. Lastly, the 111h Ave and South Park projects could include assessments to adjoining property owners. Tax Increment Finance Plan Staff and Ehlers finished work on a Pay -go - Tax Increment Finance Plan which will be needed to reimburse the developer for the public improvements the developer finances up front that are needed for the redevelopment of the Buckstaff/Arena site. In addition to the public improvement costs, the Arena designer/builder has identified some extraordinary private development costs for the site, due to the condition of the soils and fill material on the site: • $825,000 Remediation — Required by Wisconsin Department of Natural Resources, including soil removal and land filling and/or encapsulating contaminates. • $760,000 Geo pier installation — necessary to support the Arena structure weight due to the poor soils; and Geo grid installation — necessary to support concrete and asphalt surfaces on the site due to the poor soils. • $234,000 Stormwater management measures — necessary due to the high groundwater levels. The above referenced extraordinary private development costs are estimated to be $1,819,000 and have been added to the TIF #31 Plan, similar to other TIF plans such as the Marion Road and the Best Western Premier Hotel projects. Ehlers and Associates has drafted the TIF Plan for the project. Plan Commission, city council and the Joint Review Board reviewed and approved of the TIF #31 Plan. Timeline Since the decision to locate the Bucks Developmental League Team in Oshkosh has been announced, we can establish a final timeline based on an Arena construction start date of February 27, 2017: City Hall, 215 Church Avenue P.O. Box 1 130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci,oshkosh.wi.us a �1 N r Oshkosh January 12, 2017: Redevelopment Authority approves acquisition of the Buckstaff property (ies). Approved January 17, 2017: Plan Commission review/recommendation of Planned Development for Arena. Approved January 24, 2017: City Council - Buckstaff update/action on Planned Development for Arena. Approved City Council closed session regarding Land Sale, Development Agreement and Lease Agreement. Completed February 2, 2017: Joint Review Board meeting - Completed Plan Commission receives draft TIF Plan in packet. Completed February 7, 2017: Plan Commission review/recommendation of draft TIF Plan. Approved February 14, 2017: Redevelopment Authority action on Lease Agreement. Approved February 14, 2017: City Council Buckstaff update City Council action on Lease Agreement. Approved February 17, 2017: City crews complete foundation removal for arena footprint. Completed February 21, 2017: City Council action on SBA liens. Approved February 23, 2017: Redevelopment Authority action on Development Agreement and Land Sale. Approved February 27, 2017: Construction begins with geo-piers for the Arena on southern part of site by Fox Valley Pro Basketball, LLC. Geo pier installation completed February 28, 2017: City Council Buckstaff update - Completed City Council action on TIF Plan and Development Agreement. Approved March 1, 2017: City Crews complete foundation removal for Lot 2. Completed City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1 130 920.236.5000 http://www.ci.oshkosh.wi.us Oshkosh March 6, 2017: Joint Review Board meeting to approve TIF Plan. Approved March 31, 2017: City crews complete foundation removal on Lot 1. Completed April 11, 2017: City Council Buckstaff update. Completed April: City Crews fill foundation holes on Lot 1. Completed April 25, 2017: City Council Arena Update. Completed March/April/May: City Engineers design public improvements. Staff has completed design and bid package for the first phase of public improvements. June: City bids public improvements - Opened bids June 15, 2017, possible award on June 27, 2017 July/August/September/October/November: Construction of public improvements. - On Schedule October/November: Complete construction of Arena. City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1 130 920.236.5000 http://www.ci.oshkosh.wi.us