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HomeMy WebLinkAbout31. Arena Update & Public Improvementsw u ", ".„m k Oshkosh TO: Honorable Mayor & Members of the Common Council Mark Rohloff, City Manager FROM: Allen Davis, Community Development Director DATE: September 21, 2017 RE: Arena Construction, Public Improvements, Tax Increment Finance Plan, Timeline Buckstaff Demolition Complete with no changes. The City had rented equipment for $30,867 to date. Additional costs including repairs, supplies, erosion control, security fencing, and stone totaled $27,800. The cost for grinding the Buckstaff foundations into gravel for re -use came in at $53,000, under the $60,000 budgeted. Arena Construction The contractor has erected the structural steel and much of the masonry, and the roof is complete. The building is almost enclosed with just a few windows left to install. The designer/contractor submitted revisions to the site plan and building that included signage, an updated facade and plaza. The Plan Commission and City Council approved the revisions in August, 2017. Construction continues with the internal build out. Public Improvements The public infrastructure contractor, PTS, has begun the public infrastructure construction. Work has commenced on all locations of the public infrastructure. Less contamination was encountered in the 11th Ave. right of way than anticipated. The concrete street is under construction on 11th. Work continues on South Park and 14th Ave. WEDC provided a grant for $250,000 to partially pay for planned public improvements around the arena. Lastly, the 11111, Ave and South Park projects included 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. 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: 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 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 2017: City Engineers design public improvements. Completed June 2017: City bids public improvements - Opened bids June 15, 2017, awarded on June 27, 2017. July/August/September/October/November: Construction of public improvements. - On Schedule October/November: Complete construction of Arena.