Agenda - 09-27-2004-1 - Laserfiche WebLink

Browse Search

A break down of the cost increases is included on the first spreadsheet under Summary of Cost Increases. The first column includes increased square footage, site work and the reduction of "smart growth" by $300,000. The second column details the impact of the cost per square foot increase and the ripple effect in other areas. Cost Reduction Options The second spreadsheet provides two options for completing the new high school. Both will require significant additional funding. Each option has funding listed after the "Anticipated CIP Funding," the $982,000 set aside for field construction in the 2004- 2014 CIP. The "Final Difference" reflects the difference between the projected cost and the $30,842,000 already secured for the project and the $982,000 reserved for the fields. Cost reduction options are summarized on the building cost, site work cost and day lighting cost spreadsheets. Each is attached for your review,. Option 1 Option 1 includes a complete high school with all the fields and auditorium complex intact. Cost reductions used are listed on the value engineering spreadsheet under Cost Reduction Options 1 / 2. These reductions were made during an analysis of the project and will have a minimal impact on the functionality of the project. They include reductions in kitchen and media furnishings, the use of utility brick and the reduction in the use of some metals. Site reductions include reduced retaining walls, landscaping and concrete walkways. These reductions will have little impact on the project and would have been included in a regular value engineering review. These reductions are included in the other options listed below. Additional Funding Required $3,402,304 Option 2 Option 2 moves the entire auditorium complex to phase 2. This area includes the auditorium, chorus, band rooms and associated offices. The plan compensates for the loss of the wing by adding a large multipurpose room for chorus or, if needed, wrestling. This area would be converted upon completion of the auditorium wing. All the athletic fields are intact in Option 2. The value engineering cost savings featured in Option 1 /2 is also included in this option. Site cost reductions are identical as well. These reductions can be found on the attached spreadsheets. Additional Funding Required $1,897,491 With large increases in square foot costs and an initial budget that was $4,000,000 less than requested, it is clear that additional funding will be needed. Avenues for additional funding include a reprioritization of the 2004 -2014 CIP, a request for additional funding to the County Commissioners, or the deletion of some parts of the program as illustrated in the options above. As the preparation of construction documents moves forward, it will be important to note any major shifts, such as suggested above, be made as soon as possible so that schedules are not impacted.