Meeting
Special Town Council Meeting
Body
Town of Cutler Bay
Date
May 08, 2026
Jurisdiction
State & Local
The Town of Cutler Bay held a Special Town Council Meeting on May 7, 2026, primarily focused on approving an amendment to the Guaranteed Maximum Price (GMP) for phase two construction services of the Legacy Park and Municipal Complex project. The council reviewed GMP Amendment Number Two to the Construction Manager at Risk (CMAR) agreement with Lynn Construction Inc., pursuant to RFP 23-09. Emma Jones, the owner's representative from Stantec, presented details on the GMP 2 scope, which includes underground utilities and early buyout items such as electrical switchgear and elevators, with a total GMP 2 cost of approximately $11.86 million. The funding sources include a TD Bank gap loan and other town funds. The council discussed the buyout savings mechanism, which allows cost savings to be shared between the town (70%) and the contractor (30%). After questions and comments highlighting the project's progress and local vendor involvement, the council unanimously approved the GMP 2 amendment, enabling immediate contract signing and mobilization of construction activities.
Source
Town of Cutler Bay