Council Approves Guaranteed Maximum Price For City Springs Project

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Sandy Springs, GA -- During its Feb. 16 meeting, the Sandy Springs City Council adopted a resolution approving the guaranteed maximum price in the amount of $180,057,353 in association with the city’s contract with Holder Construction for the City Springs project.

As part of its contract with Holder, Sandy Springs pays actual costs plus a 1.95 percentage fee, not to exceed the GMP.

The approved GMP reflects an increase in the construction budget from approximately $174,348,593 to $180,057,353.

A majority of that expense is related to design amendments and scope adjustments to accommodate site grade irregularities and “increased activities needed to handle rock imbedded deeper within the project site than originally anticipated,“ the city said.

Also included in the pricing are final material selections and refinements to the overall design, especially in the public and performance areas.

The approval comes on the heels of the city hosting a meeting late Tuesday afternoon to unveil the latest design concepts for the project’s public spaces.

• You can view that presentation here.

About 40 people -- residents and stakeholders alike -- came out to view the presentation, which Mayor Rusty Paul said was designed to keep the public in the loop on what the city is working on with regards to City Springs.

“We try to be very transparent in real time with the information we give the community,” he added.

One resident, Howard Silverman, said he came out to learn more about the project, as he was “interested” with the activity taking place along Roswell Road.

“I’m impressed with the amount of activity that’s going on,” he said, later adding the project will be the “nucleus for wise growth for the city.”

Stacey Hader Epstein, a board member with Heritage Sandy Springs, stated she’s most excited about the greenspace and how it will tie in to the existing springs at the nonprofit organization’s site on Blue Stone Road.

She also said she’s looking forward to a continuing sense of community, as the site will serve as a central hub of events, including the Heritage Sandy Springs Farmers Market.

“I love it,” she said. ”It looks like a whole lot has gone into it.”

The City Council approved its contract with Holder Construction in June 2015, permitting interim funding for Early Release Work totaling $27,785,542. The city’s total estimated budget of $222,712,000 for the public components for the City Springs project remains unchanged.

Goals for City Springs include the creation of a unique, vibrant, walkable City Center, which incorporates mixed-use development introducing new dining, high-end residential living, and amenity retail and entertainment options.

The project also will create an appropriate setting for a new civic/cultural center that will contain multiple uses such as city offices, meeting space and a performing arts facility. In addition, the city block will encompass a green space network to accommodate a variety of activities.

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Images via city of Sandy Springs