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4 <br /> Attachment 2 -203 S. Greensboro Preliminary Phase Due Diligence <br /> ;•db <br /> AS <br /> i� <br /> VT �`� � <br /> y � b <br /> 1.8857932 m <br /> Z <br /> Z <br /> w "s <br /> 1 <br /> ,� E CpF2Ft SY Town of Carrboro <br /> 0.89 acres <br /> N GARB ST - <br /> F �a <br /> Background <br /> The .89 acre Century Center is owned by the Town of Carrboro and is currently utilized as a public <br /> parking lot. <br /> The parcel was submitted for consideration and evaluation as a library site by the Carrboro Town Board <br /> on May 10, 2013. Staff had studied the parcel in accordance with established library site evaluation <br /> criteria and initially determined potential benefits, with respect to the development and/or use of the <br /> property, were outweighed by identified benefits constraints including: <br /> a. Proximity to existing residences creating issues for property owners (i.e. noise, traffic, congestion, <br /> etc.) <br /> b. Cost of construction, <br /> c. Traffic impacts, <br /> d. Limits of expansion opportunities. <br /> After having additional discussions with the Town of Carrboro, which included the review of a previously <br /> approved development proposal for the site and Carrboro staff's assurances over potential development <br /> of satellite parking to support a library, staff is re-evaluating the property. <br /> Buildable area on the parcel is estimated to be at approximately 30,000 square feet. With the <br /> construction of a single level structure, staff estimates a 15,000 square foot library structure, with adjacent <br /> surface parking for approximately 50 vehicles, may be achieved. <br />