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11 <br />1 <br />2 <br />Board of County Commissioners Action: December, 2014 <br />3 <br />Approval of Contracts with Main Street <br />4 <br />5 <br />Board of County Commissioner Action: April, 2015 <br />6 <br />Designer, Construction Manager at Risk firms selected <br />7 <br />through the RFQ process <br />8 <br />9 <br />Carrboro CUP process (est. 9 months) September, 2015 <br />10 <br />11 <br />Board of County Commissioners Action: November, 2015 <br />12 <br />Design approval; <br />13 <br />Authorization to finalize construction documents and solicit <br />14 <br />Guaranteed Maximum Price; <br />15 <br />Regulatory review & construction permitting; <br />16 <br />Acceptance of LGC financing review and approval <br />17 <br />18 <br />Board of County Commissioners Action: April, 2016 <br />19 <br />Approval of Guaranteed Maximum Price <br />20 <br />) <br />Project construction & systems commissioning (est. 8 monthsDecember, 2016 <br />21 <br />22 <br />Board of County Commissioners Action: February, 2017 <br />23 <br />Condominium Declarations Recorded; <br />24 <br />Conversion of Ground Lease to Condominium Interests <br />25 <br />26 <br />Library Occupancy;February, 2017 <br />27 <br />Library operations start-up <br />28 <br />29 <br />Opening April, 2017 <br />30 <br />31 <br />Jeff Thompson reviewed the letter of intent. He said thebolded items on the above <br />32 <br />timeline represent decision points for Board action.He reminded the Board thatlibrary <br />33 <br />programming and space planning will not begin until after contract negotiations have been <br />34 <br />completed. <br />35 <br />Chair Jacobs asked him to explain theeaselillustrations. <br />36 <br />Jeff Thompsonreviewed the illustration of properties that the Board of County <br />37 <br />Commissioners considered. He said all of these have been deferred except for the Butler <br />38 <br />property. He reviewed an aerial photo of the proposed Butler property. <br />39 <br />Commissioner Pricereferred to page 3, section cand asked where the County would be <br />40 <br />left if Main Street did not complete their part of the project. <br />41 <br />John Roberts said this statement protects the County if Main Street developers were to <br />42 <br />go bankrupt. <br />43 <br />Commissioner Price said the Countyhasa ground leasethat goes away once the <br />44 <br />property is complete. She asked who would own the property, and whether the ownerneeds to <br />45 <br />be included inthe document. <br />46 <br />John Roberts said no. Hesaid Main Street has anoption on this property. <br />47 <br />Jeff Thompson said the option owner is one of the partners within the Main Street <br />48 <br />partnership, and the ground lease contract agreements will contemplate the County having an <br />49 <br />option on that property. <br /> <br />