Agenda - 12-14-2004-7d - Laserfiche WebLink

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z be operated by the County's Department on Aging. Consideration may also be given to the development of an affordable housing component to this project, given the 16 acres or so upon which the SportsPlex is situated. Staff have held several meetings/discussions with Jim Sloop, a Certified Public Accountant (CPA) and principal with the Chapel Hill accounting firm of Blackman & Sloop. The firm is interested in working with the County to conduct analysis related to current and projected fiscal activity of the Triangle SportsPlex as well as of other financial considerations related to the viability of a possible recreation/senior center/affordable housing co-location at the Meadowlands. Staff will report at this December 14 meeting regarding a preliminary scope of work for Blackman and Sloop. Over the coming weeks, the total scope of work with the firm would evolve and be fleshed out based on how much analysis staff can accomplish and how much of the analysis requires the expertise that the CPA firm and associated specialists can bring to bear, Staff will also likely need to engage other consultants during the BOCC's winter break to assist in the due diligence evaluation of reasonable terms for the County's possible acquisition of the SportsPlex property. These might include (but not necessarily be limited to) updates of the physical plant inventory done three years ago and engagement of a project manager far the overall assessment of an Eatan Vance offer and possible BOCC decision package for Tate February-early March 2005 (this approach would be modeled after the County's successful employment of contracted project managers far the major undertakings associated with Y2K preparations and replacement business system software implementation). FINANCIAL IMPACT: Staff requests that the Board authorize at this time the expenditure of an amount not to exceed $30,000 to complete the business analysis, updated physical plant assessment, and other services essential to develop a decision package for the Board's consideration in late Winter 2005 regarding the possible acquisition of the SportsPlex as part of a recreation/senior center/affordable housing project, Funding for this work can be addressed through the appropriation already in place through the 2004-05 SportsPlex Capital Project Ordinance. That project ordinance appropriated $400,000 for FY 2004-05. Of that amount, $300,000 is needed to complete the County's contractual obligations under the SportsPlex Facilities/Services Agreement that expires on March 31, 2005. The remaining $100,000 appropriation is unobligated at this point and may be employed to address other SportsPlex related costs. RECOMMENDATION(S): The Manager recommends that the Board authorize the Manager and staff to develop a proposed agreement with Blackman & Sloop, subject to final review by staff and the County Attorney, and authorize the Chair to sign it; and authorize the Manager to execute additional professional service contracts as needed, with the total amount for all professional services not to exceed $30,000, to assist in the due diligence evaluation of a possible SportsPlex acquisition decision,.