Agenda - 05-09-2013 - 1 - Laserfiche WebLink

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County Capital Projects- Southern Library Project (REVISED 04/30/13) Attachment B Fiscal Years 2013 -18 Project Name Functional Service Area Land /Building Professional Services Construction /Repairs /Renovations Equipment/Furnishings Total Project Budget General Fund Related Operating Costs Personnel Services Operations New Debt Service Total Operating Costs Revenues/Funding Source General Fund - Debt Service Available Project Balances Debt Financing Total Project Description /Justification 5 Southern Library Project Status Approved Governing and Management Starting Date 7/1/2011 Asset Management Services Completion Date 7/1/2018 Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to Funding 2012 -13 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 Total Year 10 50,000 50,000 600,000 600,000 525,000 525,000 3,500,000 3,500,000 3,500,000 41,856 41 41,856 41,856 50,000 50,000 164,000 436,000 - 41,856 92,256 217 41,856 92,256 217,8241 3,485,280 164,000 525,000 3,500,000 4,461,000 3,500,000 Funding is provided for purchase of land should the County Commissioners choose to move forward with the development of a Southern Branch Library. Additional 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 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 Board of County Commissioners by the Town of Carrboro. If site selection criteria ID a clear "best' site, the date could move up. For FY 2013 -14, the $600,000 includes possible land purchase and design costs. Revised CIP page 19