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35 <br /> Adding budget authorization in Options 2, 3, and 4 will have some impact on this metric. Option <br /> 4, for example, adds $8.8 million to the project budget and increases the debt to revenue <br /> measure from 17.79% to 18.13% in 2022, an increase of 0.34%. <br /> Travis Myren said the yellow sheet provides an updated abstract. He made the following <br /> PowerPoint presentation: <br /> Northern County Campus Project Review Schematic Design Cost Estimate <br /> Board of Orange County Commissioners <br /> February 5, 2019 <br /> Northern Campus Development Plan <br /> • Purpose <br /> o To review schematic design cost estimates for the County's Northern County <br /> Campus and consider budget adjustments to the project. <br /> Preconstruction Process and Schedule <br /> • Schematic Design: January 2019 <br /> • Design Development: February 2019 <br /> • Construction Drawings: July 2019 <br /> • Bid Process: August 2019 <br /> • Guaranteed Maximum Price: September 2019 <br /> Northern Campus Development Plan- site plan <br /> Schematic Design Cost Estimates - table <br /> What Has Changed Since Original Cost Estimates? <br /> • Acquisition Costs & New Site <br /> o $400,000 Acquisition Not Included in Original Budget <br /> o Larger Site Not Part of Original Budget - $1 million <br /> • Time <br /> o Detention Center Budgeted in 2012 <br /> o Environment and Agriculture Center Budgeted in 2014 <br /> o Parks Operation Base Budgeted in 2013 <br /> • Construction Environment <br /> o 7% Inflationary Adjustment Included in New Estimates <br /> Recent History- Cost per Square Foot-graph <br /> Cost Reduction Strategies- table <br /> Debt Service to General Fund Revenue %- graph <br /> Debt Service to General Fund Revenue %- graph <br /> Debt to Revenue Policy- Compared to Status Quo- table <br /> FY2018-23 Recommended Capital Investment Plan <br /> Debt Service to General Fund Revenue ($) <br />