Agenda 8-a - Minutes - Laserfiche WebLink

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26 1 million, but she supported it and is committed to that resolution. She said if Duke does not 2 commit, the conversation is over. 3 Commissioner Greene said she agrees with Commissioner Dorosin to wait for the 4 numbers, and if they present a viable scenario then it may be valuable to engage 5 Davenport. She said it may be wise to have Davenport on retainer now. 6 Commissioner Bedford said she agrees with most of what has been said, but she 7 has more questions if Duke does commit and there are more numbers in hand. She said 8 this resolution seems to be pre-authorizing the Manager to engage Davenport if there are 9 questions about the numbers, which is what she would support. She would like to compare 10 Davenport's analysis form 2017 with one of current numbers, once these numbers are 11 received. She said if Durham is hiring an outside firm, it seems to support the hiring of 12 Davenport once there are numbers. 13 Commissioner Bedford encouraged the Board to pass this resolution, and it is not 14 about terminating the project, but rather understanding the numbers as a new cost share 15 agreement is negotiated. 16 Commissioner Marcoplos said a lot of these questions were answered in the 17 original analysis. He said Orange County is not going to pay the numbers they are dealing 18 with now, and it is wise to wait and see what will affect Orange County when the 19 information on any of these additional costs is received. 20 Commissioner Marcoplos said this financial burden is not on Orange County, and 21 he recommends not pre-authorizing any analysis by Davenport, but wait and see what the 22 numbers say. 23 Commissioner Bedford said Orange County is responsible for the interest, and if the 24 costs go up (even if these costs are assumed by Durham), Orange County is still 25 responsible for the interest according to the cost sharing agreement. 26 Commissioner Marcoplos said if costs go up, there would be a new cost share 27 agreement and Durham will cover the costs. 28 Commissioner Bedford said if that is in the writing then Davenport is not needed, 29 but if it is not in the writing then Davenport is needed. 30 Commissioner Marcoplos said the Durham Commissioners understand very clearly 31 that Orange County will not put forth any more money. 32 Chair Rich said when the State said it would not cover the money, the cost share 33 agreement was going to be redone as Durham would pick up additional costs and interest. 34 She said it all ties together that everyone is waiting on the numbers so that the cost share 35 agreement can be rewritten. 36 Chair Rich said the whole Board agreed to not surpass $149.5 million, and no one 37 asked the Board to do so. She said an additional resolution seems unnecessary. She said 38 she is fine with keeping Davenport on hold, and when the numbers come back it will be 39 obvious if this can proceed or not. She said it will be especially obvious to Durham if it will 40 be able to proceed. She said she does not want to get locked into something with 41 Davenport, and she does not want to endanger the very tight timeline. 42 Chair Rich said the Board signed an agreement, which was a result of many 43 meetings, to cap the amount Orange County will spend, and no one has asked the Board 44 to change this agreement. 45 Commissioner McKee said no one has asked us to change the agreement, but 46 these changes amount to a 5% change, which triggers a material change; therefore, the 47 current cost share agreement is not worth anything, as it has to be renegotiated. 48 Commissioner McKee asked if Commissioner Marcoplos and Chair Rich are saying 49 that Durham will definitively pick up the $81 million through the middle of Durham, the $90