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<br />Potential Occupants <br />• BOCC to hear recommendations of the Space Study group on November 9, 2006 <br />• Recommendations: <br />- Consolidate all Land Services functions into new buildings <br />• Register of Deeds, Land Records, Tax Assessor, Revenue Department, Planning, <br />Environmental Health, Engineering and Economic Development Commission <br />Potential Occupants <br />• Personnel Department relocated <br />• Main Library to be relocated from the Whiffed Building <br />Cost <br />• The Gateway Center: $5,490,449 <br />(includes parking deck parking) <br />• The Office Building, Library : $17,939,079 <br />(includes parking deck parking) <br />• Total: $23,429, 528 <br />Gateway Center <br />• County leases the facility and parking for one year, plus one day at a cast of approximately <br />$565,440 <br />• Allows the condominium issues and construction warranties to be resolved before the County <br />decides whether to take ownership <br />• The County may choose (or not) to purchase the condominium at the end of lease term for <br />$5,490,449 <br />Financing Guiding Principles <br />• Maintain County's self-imposed 15°f° of general fund debt service limit <br />• As directed by the BOCC, assume no more than 7°~ of annual general fund growth <br />• Ensure future debt capacity is sufficient to meet upcoming School and County capital needs. <br />Financing <br />• Variety of options suggested by the LGC staff are available <br />• $25 Million has been programmed into the debt issuance schedule <br />• Leaves capacity to address future school construction needs <br />Next Steps <br />• Developer begins Gateway Center construction <br />• BOCC finalizes occupant list on 1119106 <br />• County begins programming the building interiors <br />