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2 <br /> 3. Public parking during construction as well as permanent parking facilities is a major <br /> factor for this site and will be addressed as part of the Town and County's collaborative <br /> work. The Town is currently conducting a parking study that will provide important <br /> information for this component of the potential project. <br /> 4. The County continues to conduct its preliminary phase due diligence on the property and, <br /> to date, has not discovered any significant impediments to its development as a Southern <br /> Branch Library. Results of the geotechnical and environmental analysis components will <br /> be available for staff in the coming weeks. <br /> 5. The County continues to attend, at the invitation of Carrboro, the Carrboro Arts and <br /> Innovation Center work group. The work group is awaiting findings and <br /> recommendations of a study being provided by the UNC School of Government's <br /> Development Finance Initiative. This work is separate to the County and Town's <br /> collaboration on the Southern Branch Library. <br /> The County Manager, Town Manager and staff will continue working closely together on this <br /> project at the 203 S. Greensboro site. The Managers will present a draft development agreement <br /> to their governing Boards shortly after the Carrboro space and parking studies are completed in <br /> the spring/summer of 2016. In addition, an accurate project timeline will be presented based on <br /> the results of the completed studies. <br /> The "Southern Branch Library Chronology" is attached and has been updated for your <br /> information. <br /> If you have questions,please do not hesitate to contact me. Thank you. <br /> cc: Carrboro Board of Aldermen <br />