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<br /> <br /> <br /> <br />The first phase of this plan was funded by the successful 2016 School Bond referendum and <br />included the redevelopment of the Lincoln Center Campus and renovations at Chapel Hill High <br />School. The Lincoln Center Campus project included a new building housing centralized Pre K <br />classrooms on the first floor, central office staff on the second floor, a new Phoenix Academy <br />building and a relocated warehouse to an area next to the Transportation Center. <br /> <br />The Chapel Hill High School project includes two new academic buildings for classrooms, <br />renovations to the Cultural Arts and gymnasium/cafeteria buildings, site improvements <br />addressing stormwater issues and better vehicle/bus options for entrance and egress. <br /> <br />The district receives $73 million from the bond proceeds. $25 million was allocated to the <br />Lincoln Center Campus project and $48 million was earmarked for the CHHS project. <br /> <br />Construction bids for the Lincoln Center Campus were opened on September 28, 2017 with only <br />4 companies participating. The 4 base bids were extremely close ranging from $35.3 million to <br />$35.8 million and obviously greatly exceeded budget. <br /> <br />Today’s construction market is extremely volatile. The long economic recession forced many <br />companies to abandon the market resulting in less competition. As more publically funded <br />projects come online, the past few years has seen local construction costs escalate rapidly <br />especially over the past year. The fact that our budget estimates were 4 years old added to the <br />cost discrepancy. <br /> <br />At this point, the administration offers two options that are outlined as follows. <br /> <br />Option 1 – Proceed with the Lincoln Center Campus redevelopment with a decreased scope <br />of work, value engineering reductions to the bid and supplemental funding. Additional <br />local funding has been identified and outlined in the attachment. <br /> <br />The following financials are suggested: <br /> <br />Low base bid $ 34,374,900 - gymnasium improvements are deferred <br />Alt. 16 97,000 – energy management controls <br />Value Engineering Reductions (1,200,000) –VE review continues with final reduction TBD <br />Town of CH reimbursement <br /> for off-site work ( 500,000) <br />NET construction cost 32,771,900 <br /> <br />Revised Project Budget <br />Construction 32,771,900 <br />Professional Fees 1,900,000 <br />Furniture/Equipment 1,000,000 <br />Contingency – 3.5% 1,150,000 <br />PROJECT COST $ 36,821,900 <br /> <br /> <br />23