Orange County NC Website
�i Town of Hillsborough <br /> �i Orange County Cultural Center("OCCC") <br /> Financial Impact <br /> �i Schematic Budget: <br /> $1.2 million - $1.4 million <br /> �i $425,000 budgeted within current CIP(Link Upfit); however debt not <br /> sold <br /> �i Should Project Move Forward: <br /> Debt Financing would be recommended(current rates are <br /> favorable) <br /> Financing would not hinder the County's debt capacity <br /> Savings generated from recent refundings of debt would <br /> offset any increase in debt service for the project. <br /> Commissioner Jacobs said that the parking spaces on the south side of parking deck <br /> are not full size spaces, near Weaver Street. He said that the Town has flexibility in their <br /> standards when it comes to size of parking spaces. <br /> Commissioner Jacobs said that the trees beside the Health Department were planted <br /> as memorials for 9/11, and this needs to be noted before deciding to do away with those. <br /> Commissioner Hemminger said that area 3 could be used better and should be done <br /> even if nothing is done with the room. She would prefer to work on areas 1 and 3 first. <br /> Commissioner Jacobs made reference to lighting for parking and said that they should <br /> consider buffers if lighting is used. He said that it has already been a sore point related to the <br /> parking deck downtown. <br /> Mike Hammersley said that anything that is done would have to follow the Town's <br /> ordinances and he has calculated this into his drawings with the parking. <br /> Commissioner Gordon said that the zoning is residential and she is concerned about <br /> the impact of bringing people into a residential area at night if there were night meetings. <br /> Ken Redfoot went through the two floor plans on the PowerPoint. There is a 13,000 <br /> square foot footprint. The existing library would be very accommodating for a meeting room <br /> for the Board of County Commissioners and a theatrical facility. He went through the blueprint <br /> of the building. There would have to be some improvements, which would include a <br /> handicapped ramp. The meeting room would include 133 seats, with an array of seating. The <br /> next plan adds more seating with up to 280 seats. <br /> Commissioner Hemminger said that she is excited about this opportunity for a meeting <br /> room and a theatrical facility. She thinks that this is a good fit. She asked about the acoustics. <br /> Ken Redfoot said that any further planning should include an acoustical engineer. <br /> Frank Clifton said that the discussions with the arts group are that the County would <br /> construct the shell building and supply it with meeting support structure, and then if the County <br /> entered into an agreement with the cultural arts group then this group would bear the finances <br /> that would apply to a theatrical unit. He said that this is a feasible opportunity if the Town will <br /> work with the County. <br /> Commissioner Gordon asked about the size of the meeting space and the cost of <br /> building a new meeting room. Ken Redfoot said about 4,900 square feet. A new building <br /> construction would cost around $300-400 per square foot. <br /> Commissioner Gordon said that according to page 4, it does not look like the Town <br /> wants to take responsibility. She said that her personal opinion is that the County <br />