AMENDMENT

Finance Committee · 2026-06-16 · agenda_item

This item concerns an amendment to a Cost Disbursement Agreement related to the Baseball Grounds, MLB Requirements project. The proposed changes would increase the maximum indebtedness by $703,183.22, bringing the new total to $36,063,183.22. This amendment also aims to reflect a revised project budget and clarify that the City's financial obligations under the agreement end on September 30, 2026. The City is not responsible for cost overruns. This amendment is currently pending review by the Finance Committee. While this item does not directly involve new construction, it relates to funding adjustments for an existing project, which could involve ongoing needs for specialized services or materials related to building systems, landscape, and turf maintenance. Contractors and suppliers involved in the original project or similar municipal projects may find it beneficial to monitor this funding adjustment as it could impact future needs or contract terms.

additional funding

703183.22 $

new total indebtedness

36063183.22 $

appropriation from Baseball Park – Building Systems project

687654.47 $

appropriation from Baseball Park – Landscape and Turf project

15528.75 $