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<br /> Northern Campus Project Options
<br /> Current Estimated Costs and
<br /> Budget Option 1 Option 2 Option 3 Option 4
<br /> Estimated Project Costs-January
<br /> 2019 $ 41,155,486 $ 41,155,486 $ 41,155,486 $ 41,155,486
<br /> Appropriated Budget $ (28,095,831) $ (28,095,831) $ (28,095,831) $ (28,095,831)
<br /> DIFFERENCE $ (13,059,655) $ (13,059,655) $ (13,059,655) $ (13,059,655)
<br /> Cost Reduction Strategies
<br /> Repurpose Funds from Prior Jail
<br /> Project $ 719,700 $ 719,700 $ 719,700 $ 719,700
<br /> Value Engineering Strategies $ 875,000 $ 875,000 $ 875,000 $ 875,000
<br /> Project Scope Reductions $ 438,000 $ 438,000 $ 438,000 $ -
<br /> Other CIP Deferments $ 2,655,500 $ 2,655,500 $ 2,655,500 $ 2,655,500
<br /> Postpone EAC and Parks Ops.
<br /> Construction $ 7,751,375 $ 7,751,375 $ - $ -
<br /> Reduce Detention Center Capacity
<br /> by 40 Beds $ 2,647,020 $ - $ - $ -
<br /> TOTAL COST REDUCTION
<br /> STRATEGIES $ 14,366,895 $ 11,719,875 $ 3,968,500 $ 3,530,500
<br /> DIFFERENCE $ 2,026,940.00 $ (620,080.00) $ (8,371,455.00) $ (8,809,455.00)
<br /> Option 1 would fund a smaller Detention Center only. It employs a sufficient number of
<br /> reduction strategies to create a positive project balance of approximately $2 million.
<br /> Option 2 funds a 144 bed Detention Center but defers construction of the Environment and
<br /> Agricultural Center and Parks Operations. This option would require an additional $620,000 in
<br /> budget authorization.
<br /> Option 3 completes all of the components of the project but eliminates project scope
<br /> requested by the stakeholders. This option would require approximately $8.37 million in
<br /> additional budget authorization.
<br /> Option 4 completes all of the project components and funds the full project scope as
<br /> requested by the project stakeholders. Option 4 would require an additional $8.8 million in
<br /> authorized funds.
<br /> FINANCIAL IMPACT: The options outlined above would have varying levels of budget impact.
<br /> Each option is evaluated below in terms of its impact on the County's debt to revenue policy.
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