Agenda - 01-04-1994-IX-A - Laserfiche WebLink

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r , 5 (A) (B) (C) (D) FOR THESE ADDITIONAL ADDITIONAL SQUARE AMOUNT OF S.F.THAT GROSS S.F.WHICH DOLLARS YOU COULD FOOTAGE THAT COULD BE COULD BE BUILT WITH COULD BE BUILT BUILD THE S.F. IN(B) BUILT WITH ADDITIONAL FUNDS CURRENTLY WITH ADDTL FUNDS FROM (A)(Architect AVAILABLE($1.5 MIL) FUNDS FROM (A) estimates$65/s.f.const.cost) (Reference:GSC=26,500 s.f.) $448,500 6,900 23,100 30,000 $350,000 5,384 23,100 28,484 $250,000 3,846 23,100 26,946 $200,000 3,077 23,100 26,177 $100,000 1,538 23,100 24,638 The need to address the funding issue outside the regular CIP process is prompted by the need to submit documents for the Chapel Hill Special Use Permit (SUP) process in time to receive approval by June 30, 1994 . The Town Council conducts no business during July and August, so we are trying to obtain approval by June 30, to maintain the momentum of the project during the vacation months. The SUP documents must be submitted by February 1 to maintain this time table. As indicated above, the Government Services Center Project has a balance of approximately $200,000, of which $100,000 is recommended to partially fund the anticipated additional funding needed for this project. If the Board endorses the addition of funds to the project beyond the $100,000 it would be funded through the CIP for the years 1995-96 and 1996-97 . A possible source of partial funding is the funds available from growth in the sales tax revenue, as the sales tax revenue estimates are revised. Conclusion The attached proposed capital project ordinances make these proposed changes to the impacted projects and establishes a separate capital project for the New Courthouse Renovations and consolidates all the on- going work on this facility into this project ordinance. If the Board endorses this plan, revisions to the capital improvements plan for the Southern Human Services Center will be incorporated into the 1994-99 capital plan scheduled to be presented to the Board at the second meeting in February. While we usually propose significant changes to the CIP during the annual update process, we believe that timing and progress on the projects mentioned warrant the Board's consideration of the proposed amendments at this time.