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<br />earmarked for Elementary Na 10 and programmed into the County's debt schedule can
<br />be used to cover the overage.
<br />Reduction Efforts
<br />The District has already taken major steps at reducing the project's cost and the overage
<br />that must be requested. Those reductions inchtde:
<br />• Use of future C1P funds to pay for' the site $1,142,000
<br />• Use of State of NC sales tax refimd $ 450,000
<br />• Use of DOT bus loop funds $ 50,000
<br />• Reduction in technology budget $ .3.3.3,56:3
<br />• Reduction in non-persomiel startup budget $ 246,395
<br />• Reduction in ftuniture and equipment budget $ 52,500
<br />• Redaction in contingency fund budget $ 6,476
<br />Total $2,280,925
<br />The District takes its role as fiscal steward seriously. This reduction represents a 6%
<br />reduction in total project costs.
<br />Summary
<br />A summary ofthe bid costs and additional costs are provided below We are requesting
<br />an additional $7,534,200 to complete this project.
<br />Total Building
<br />Multi-Prime Contract
<br />General Contractor $23,650,000
<br />HVAC $2,872,352
<br />Plumbing _ $1,719,410
<br />Electrical $1,840,241
<br />Sub Total $30,082,003
<br />Fees $2,162,500
<br />Non-Personnel Start Up $500,000
<br />Technology $1,000,000
<br />Movable Furniture $800,000
<br />Contingency $750,000
<br />Land $3,531,697
<br />Total Contract $38,826,200
<br />Funding
<br />Interlocal Agreement $27,800,000
<br />Addendum "B" $1,900,000
<br />nsportation
<br />Addendum"B" T
<br />ra
<br />$300,000
<br />_
<br />_
<br />Additional Fund
<br />ing for Land
<br />$1,142,000
<br />Sales Tax/Bus Refund $500,000
<br />Total $31,642,000
<br />Contract
<br />38 826,200
<br />__ _$-_,
<br />Off Site Improvements __ $350,000
<br />Sub Total
<br />~~~-~~~- $39,176,200
<br />n unding Required
<br />Additio aI F ~~~~~-~ $7,534,200
<br />Percent Overage from 31,642k 24%
<br />Percent Overage from 30,000k 25%
<br />
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