Agenda - 10-17-2013 - 3 - Laserfiche WebLink

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the Town of Carrboro. 3. ALIGNMENT WITH 3. ALIGNMENT WITH 3. ALIGNMENT WITH 3. ALIGNMENT WITH PLANNING TOOLS: PLANNING TOOLS: This PLANNING TOOLS: This PLANNING TOOLS: This This property appears to property appears to satisfy property appears to satisfy property appears to satisfy satisfy various 'goals' with various 'goals' with respect to various 'goals' with respect to various 'goals' with respect respect to the location of a the location of a library from the location of a library from to the location of a library library from both the County both the County and Carrboro's both the County and from both the County and and Carrboro's standpoint. standpoint. Carrboro's standpoint. Carrboro's standpoint.. 4. SERVICE TO 4. SERVICE TO 4. SERVICE TO 4. SERVICE TO EXISTING /FUTURE EXISTING /FUTURE EXISTING /FUTURE EXISTING /FUTURE POPULATION: Site would POPULATION: Site would POPULATION: Site would POPULATION: Site would provide access to existing provide access to existing and provide access to existing provide access to existing and future, local, population. future, local, population. County and future, local, population. and future, local, County residents will have residents will have parking County residents will have population. County parking available to make available to make use of the parking available to make use residents will have parking use of the facility. facility. of the facility. available to make use of the facility. 5. DEFEATS 5. DEFEATS 5. DEFEATS 5. DEFEATS OBSOLESCENCE: Unsure OBSOLESCENCE: Unsure at OBSOLESCENCE: There is a OBSOLESCENCE: There at this time as the overall this time as the overall size will limited development window is a limited development size will depend on lease depend on lease area. for a library /parking on this window for a library /parking area. Expansion will be Expansion will be limited to property given its size and on this property given its limited to available space to available space to frontage on 4 streets. There size. There will also be lease /purchase to expand lease /purchase to expand into. will also be limited limited opportunities for into. Potentially assisting in Potentially assisting in building opportunities for expansion. expansion. building and space design is and space design is helpful in helpful in managing this managing this criteria. criteria. 6. SITE CONDITIONS, 6. SITE CONDITIONS, 6. SITE CONDITIONS, 6. SITE CONDITIONS, ALLOWANCES, AND ALLOWANCES, AND ALLOWANCES, AND ALLOWANCES, AND CONSTRAINTS: As CONSTRAINTS: As indicated CONSTRAINTS: CONSTRAINTS: indicated herein this site herein this site offers more Development challenges due Development challenges offers more opportunities opportunities than constraints. to size of property and due to size of property than constraints. Lease market for frontage along frontage on 4 streets outweigh development E. Main probably cost outweigh development potential of the site for a prohibitive; highest and best potential of the site for a library. Also purchase price use from a Landlord standpoint library. of property is anticipated to is probably not a non - retail use. be significant. The cost, however, will be 2 to 3 times more than 120 Brewer Lane (part of same development) FINANCIAL IMPACT: There are sufficient funds available for the in -depth study for the original two properties recommended (401 Fidelity Street and 1128 Hillsborough Street) as well as for the 120 Brewer Lane property. Each in -depth study is estimated to cost $10,000 to $15,000. RECOMMENDATION(S): The Manager recommends that the Board receive the update on additional Southern Branch Library site analysis and provide feedback to the Manager on next steps.