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2 <br /> FINANCIAL IMPACT: The Board previously appropriated $1,172,000 for this Capital Project <br /> and contemplates an additional $6,375,000 within the FY2018-19 and FY2019-20 capital <br /> budgeting cycles. These project funds address design, construction, equipment, furnishings, <br /> and library materials. There are adequate funds already appropriated for professional design <br /> services funds to conduct the County's portion of the necessary design processes within the <br /> Development Agreement. Contemplated construction and equipment funds for future capital <br /> project cycles are adequate for the County's portion within the Development Agreement. <br /> Carrboro is prepared to appropriate $10,000,000 for its portions of the project and has also <br /> appropriated adequate funds for its portion of the design costs. The County anticipates making <br /> its funds available on a reimbursement basis to Carrboro in accordance with the Development <br /> Agreement and other governing documents. The contemplated total capital project cost for the <br /> entire development is estimated at $15,000,000. <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable <br /> to this item: <br /> • GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION AND <br /> INEQUITY <br /> The fair treatment and meaningful involvement of all people regardless of race or color; <br /> religious or philosophical beliefs; sex, gender or sexual orientation; national origin or <br /> ethnic background; age; military service; disability; and familial, residential or economic <br /> status. <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding necessary <br /> for residents to provide shelter, food, clothing and medical care for themselves and their <br /> dependents. <br /> RECOMMENDATION(S): The Manager recommends the Board: <br /> 1) Receive an update regarding the Draft Development Agreement with the Town of <br /> Carrboro with regard to the potential development of the Orange County Southern <br /> Branch Library; and <br /> 2) Authorize the Manager to execute the Development Agreement upon final review of the <br /> County Attorney. <br />