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25 <br /> 1 County Capital Projects Fiscal Years 2011-16 (chart) <br /> 2 <br /> 3 Orange County Southern Branch Library Evolution - graph <br /> 4 <br /> 5 Orange County Southern Branch Library Site- photo <br /> 6 <br /> 7 Recent Board Action- June 2019 <br /> 8 FY2019-24 Capital Investment Plan <br /> 9 o Authorized Southern Branch Library Construction Budget <br /> 10 Professional Fees $1,172,500 <br /> 11 Construction Cost $5,625,000 <br /> 12 Total $6,797,500 <br /> 13 o Carrboro Partnership and Development Agreement <br /> 14 ■ Formalized 203 South Greensboro Street Site <br /> 15 ■ Colocation of Library Space with Town Offices <br /> 16 ■ Project Commencement Delayed due to Town Decisions on Parking <br /> 17 <br /> 18 Recent Board Action -June 2020 <br /> 19 Future Location of the Skills Development Center <br /> 20 o Lease Approved on January 21 to Relocate Skills Development Center to Europa <br /> 21 Center, Suite 101 <br /> 22 o Three (3) Year Term with Option to Extend to Five (5) Years <br /> 23 o Rent Increases by 3% Each Year <br /> 24 <br /> 25 Scope Decision for County Space at 203 South Greensboro Street <br /> 26 Option #1 <br /> 27 Add 12,600 Square Feet for <br /> 28 Skills Development Center <br /> 29 ➢ Budget Adjustments in the FY2020-25 Capital Investment Plan to Add Space and <br /> 30 Include All Project Elements <br /> 31 ➢ Approve First Amendment to the Development Agreement with Town of Carrboro <br /> 32 (Attachment #3) <br /> 33 <br /> 34 Changes in Space Allocation -table <br /> 35 <br /> 36 Changes to Budget Estimates-table <br /> 37 <br /> 38 Budget Differences from Current Adopted Budget <br /> 39 <br /> 40 • Total Space Allocation Increases from 40.5% to 56% <br /> 41 o Increases County Costs for Any Expenses Split Proportionally <br /> 42 • Professional Fees <br /> 43 o Redesign due to ArtsCenter Withdrawing from the Project <br /> 44 o Increase in County Space Allocation <br /> 45 o Design Fees for the Skills Development Center - $100,000 <br /> 46 • Skills Development Construction <br /> 47 o Add 12,600 square feet @ $315/square foot = $3,969,000 <br /> 48 o Add 33 Parking Spaces @ $25,000 per space = $825,000 <br /> 49 o Rent from 501/503 South Franklin Street to Cover$3.75 Million in Debt Service <br /> 50 0 Shared Space and Furniture, Fixtures, and Equipment <br />