Sponsor: Property Management
Title
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Project Budget and Financing Plan for 360 Wabasha Street North Building Technology and Furniture
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Recommendation
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1. Accept and approve the project budget and financing plan for the 360 Wabasha Street North building technology and furniture in an amount up to $3.6 million.
2. Authorize the County Manager to allocate up to $3.6 million from the Property Management fund balance to the 360 Wabasha Street North project.
3. Authorize the County Manager to allocate up to $3.6 million from the proceeds of the sale of the Ramsey County Care Center to the Property Management fund balance.
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Background and Rationale
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The 360 Wabasha Street North building was built in 1930 for the Northern States Power Company, and most recently served as the Ecolab Global Communication Center. Ramsey County purchased the building in March 2023 for use by the Ramsey County Attorney’s Office and the Ramsey County Sheriff’s Office Civil Process Service. The building consists of six stories above ground and two basement levels. Gensler and Dunham Associates completed plans to renovate the building for the needs of the Ramsey County Attorney’s Office and the Ramsey County Sheriff’s Office Civil Process groups. On March 31, 2023, Gensler and Dunham Associates submitted final copies of the project specifications and plans to Ramsey County Property Management to be included in the procurement process.
On May 23, 2023, a construction contract with Sheehy Construction Company for the renovation of the 360 Wabasha Street North building was approved and executed by the Ramsey County Board of Commissioners. The construction portion of the project is funded by the 2023B general obligation bond sale.
The project budget and financing plan for the technology and furniture has been developed and is recommended for approval.
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County Goals (Check those advanced by Action)
☐ Well-being ☐ Prosperity ☐ Opportunity ☒ Accountability
Racial Equity Impact
The racial equity impact of this portion of the project is not fully known. For the construction portion of the project, workforce inclusion goals of 32% minority and 20% women are included, as well as a goal of utilizing 32% certified small business enterprises (SBEs) found in the Central Certification Program (CERT) directory recognized by the county as the acceptable source for SBE subcontractors and suppliers in conformance with the county's approved policy on workforce inclusion and contracting goals.
Community Participation Level and Impact
There is no community participation associated with this action.
☒ Inform ☐ Consult ☐ Involve ☐ Collaborate ☐ Empower
Fiscal Impact
Funding for the 360 Wabasha project technology and furniture will be from the proceeds of the sale of the Ramsey County Care Center. To address the cash flow needs for the 360 Wabasha project, funds will be drawn temporarily from Property Management fund balance and restored after the sale of the Care Center later in July 2023.
Last Previous Action
On May 23, 2023, the Ramsey County Board of Commissioners approved the selection of and agreement with Sheehy Construction Company for the 360 Wabasha Street North construction project (Resolution B2023-080).
On March 21, 2023, the Ramsey County Board of Commissioners authorized the 2023B general obligation bond sale, with $16 million allocated to the 360 Wabasha Street North construction project (Resolution B2023-045).
On December 20, 2022, the Ramsey County Board of Commissioners approved the acquisition and purchase agreement for the 360 Wabasha Street North property and established a project for due diligence and design in the Property Management budget (Resolution B2022-298).
Attachments
1. Project Budget and Financing Plan