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Fairview Park council approves guaranteed maximum price for Gemini Center rehabilitation
Summary
Fairview Park City Council on March 17, 2025 voted 5-0 to approve Ordinance 25-21, adding a guaranteed maximum price (GMP) to the Gemini Center rehabilitation contract; council and staff described the GMP, financing sources, schedule and remaining risks including potential unsuitable soils beneath the pool.
Fairview Park City Council voted 5-0 on March 17 to adopt Ordinance 25-21, authorizing the mayor to amend the contract with Wealthy Building Company to include a guaranteed maximum price (GMP) for the Gemini Center rehabilitation project. Council suspended reading rules to allow emergency passage and approved the ordinance after a detailed presentation from the city's owner’s representative and staff.
The GMP adopted at the meeting is $14,192,000, which the city’s owner's representative, Roger Briachi, said is below an earlier program estimate of about $14.7 million. Briachi said, “The guaranteed maximum price is exactly what it states,” and added that the price will hold “unless there is any changes to the documents that have been issued, that have been…
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