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14 <br /> be flexible to support both the Town and County's needs. Carrboro will provide <br /> parking program management and enforcement for the overall <br /> facility; <br /> 4. Site-civil "On Site" and "Off Site (road improvements, etc.): Equally shared; <br /> 5. Shell building foundation, roof, and major functions: Equally shared; <br /> 6. Remaining Shell building components, Common Areas: Proportionally shared; <br /> 7. Interior Upfits: Owned by each Party; <br /> 8. Legal services: Owned by each Party. <br /> 2. Capital Project Planning. Carrboro is placing portions of a $15MM CIP item within its <br /> FY2017-18 appropriation for the 203 Greensboro design costs. Construction costs would be <br /> appropriated in FY18-19 and potentially FY19-20. The County's CIP is structured in a similar <br /> fashion where adequate design funds have been appropriated in previous fiscal years and <br /> adequate funds of$6.375MM for the County's portion of the Project's construction costs are <br /> contemplated in FY18-19 and FY19-20. As discussed in paragraph d.ii, the Parties will have 45 <br /> days after the formal schematic design to evaluate more specific cost estimates, negotiate final <br /> appropriate cost allocations, and benefit from ongoing value engineering practices. Should <br /> agreement not be reached during this time, each Party has the ability to terminate the <br /> Development Agreement with no recourse other than the absorption of assigned design and <br /> related costs up to that point in time. <br /> 3. On-Site Parking. Adequate parking for the project is contemplated to be provided in some <br /> combination of on and off site facilities. The Agreement provides an understanding that a <br /> satisfactory proportion of on-site parking be allocated to the Orange County Southern Branch <br /> Library during normal operating hours. <br /> 4. Friends of the Orange County Southern Branch Library discussions. Discussions with <br /> the leadership of the Friends organization on capital and in-kind service contributions to the <br /> Project and its ongoing Library operations. <br /> 29 <br /> The estimated development timeline for this project is as follows: <br /> • Development Agreement execution* Oct, 2017 <br /> • Joint designer RFQ selection process with Carrboro* Oct-Nov, 2017 ' <br /> • Design and land use permitting process Nov, 2017 - May, 2018 <br /> • Schematic design and cost allocations* est. Jan, 2018 <br /> • Construction bidding process May-June, 2018 <br /> • Bid award, construction contract*Aug, 2018 <br /> • Construction period Sept, 2018 — Sept, 2019 <br /> • Occupation, Opening Fall, 2019 <br /> FINANCIAL IMPACT: <br /> The Board previously appropriated $1,172,000 for this Capital Project and contemplates an <br /> additional $6,375,000 within the FY2018-19 and FY2019-20 capital budgeting cycles. These <br /> project funds address design, construction, equipment, furnishings, and library materials. <br /> There are adequate funds already appropriated for professional design services funds to <br /> conduct the County's portion of the necessary design processes within the Development <br />