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County Capital Projects
<br />Fiscal Years 2013 -18
<br />Project Name
<br />Southern Library
<br />Project Status
<br />Approved
<br />Functional Service Area
<br />Governing and Management
<br />Starting Date
<br />7/1/2011
<br />Department
<br />Asset Management Services
<br />Completion Date
<br />7/1/2018
<br />Current
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Year 5
<br />Five
<br />Year 6
<br />Prior Years Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Fiscal Year
<br />Year
<br />to
<br />Project Budget
<br />Funding 2012 -13
<br />2013 -14
<br />2014 -15
<br />2015 -16
<br />2016 -17
<br />2017 -18
<br />Total
<br />Year 10
<br />Appropriation
<br />Land /Building
<br />50,000 50,000
<br />600,000
<br />600,000
<br />Professional Services
<br />525,000
<br />525,000
<br />Construction /Repairs /Renovations
<br />3,500,000
<br />3,500,000
<br />7,000,000
<br />Equipment/Furnishings
<br />-
<br />600,000
<br />-
<br />525,000
<br />3,500,000
<br />3,500,000
<br />8,125,000
<br />-
<br />Total Project Budget
<br />50,000 50,000
<br />General Fund Related Operating Costs
<br />Personnel Services
<br />-
<br />Operations
<br />-
<br />New Debt Service
<br />41,856
<br />41,856
<br />92,256
<br />428,256
<br />604,224
<br />3,821,280
<br />Total Operating Costs
<br />-
<br />41,856
<br />41,856
<br />92,256
<br />428,256
<br />604,224
<br />1 3,821,280
<br />Revenues /Funding Source
<br />General Fund - Debt Service
<br />41,856
<br />41,856
<br />92,256
<br />428,256
<br />604,224
<br />3,821,280
<br />Available Project Balances
<br />50,000 50,000
<br />164,000
<br />164,000
<br />Debt Financing
<br />436,000
<br />525,000
<br />3,500,000
<br />3,500,000
<br />7,961,000
<br />Total 50,000 50,000 600,000 41,856 566,856 3,592,256 3,928,256 8,729,224 1 3,821,280
<br />Project Description /Justification
<br />Funding is provided for purchase of land should the County Commissioners choose to move forward with the development of a Southern Branch Library. Additional
<br />resources in FY 2012 -13 were approved to replenish funds spent during the unsuccessful property acquisiton in 2011. Design and construction costs are projected within
<br />a timeframe commensurate with debt capacity; and the timeliness of design prior to construction commencement. 11/14/2012 update: three sites were presented to the
<br />Board of County Commissioners by the Town of Carrboro. If site selection criteria ID a clear "best' site, the date could move up to FY 2014 -2015. For FY 2013 -14, the
<br />$600,000 includes possible land purchase and design costs.
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