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Orange County Southern Branch Library
<br /> Project Category: County Capital Project Status: Active Project Type
<br /> Functional Service Support Services Proposed Bid TBD New X
<br /> Area: Award Date:
<br /> Department: Asset Management Starting Date: 7/1/18 Expansion
<br /> Services
<br /> Project Number: 10050 Completion Date: 6/30/21 Renovation
<br /> Replacement
<br /> Project Description/Justification: In October 2017, the County entered into a
<br /> development agreement with the Town of Carrboro to collaborate on a building OF---
<br /> project
<br /> at 203 S Greensboro Street that would house the Orange County " "
<br /> Southern Branch Library and Town of Carrboro offices. Funding for construction :aiq+ ��pig J
<br /> was approved in FY2018-19. The FY 2019-20 CIP requests $750,000 for *`1 IF
<br /> associated equipment and furnishings costs. This location will replace the
<br /> Cybrary and McDougle facilities. e
<br /> t- wvt=
<br /> FINANCIAL SUMMARY
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year10
<br /> Expenses
<br /> Land/Building -
<br /> Professional Services 1,172,500
<br /> Construction/Repairs/Renovations 5,625,000
<br /> Equipment/Furnishings 750,000 750,000
<br /> Total Project Budget 1,172,500 5,625,000 750,000 750,000
<br /> Funding Sources
<br /> Transfer from General Fund -
<br /> Available Project Balances 264,000 -
<br /> Debt Financing 908,500 5,625,000 750,000 750,000
<br /> Total 1,172,500 5,625,000 750,000 750,000
<br /> Impact on Operating Budget
<br /> Personnel Services 406,765 541,054 514,054 514,054 514,054 2,489,981 2,570,270
<br /> Operations 82,500 145,000 145,000 145,000 145,000 662,500 725,000
<br /> Recurring Capital -
<br /> New/Add'l Revenue
<br /> Total Operating Costs 489,265 686,054 659,054 659,054 659,054 3,152,481 3,295,270
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