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24 <br /> Library Construction @ 15,000 sq. ft. $4,625,000 $4,725,000 $100,000 <br /> Skills Development Const. @ 12,600 sq. ft. <br /> Parking Construction - 50 spaces $1,000,000 $1,250,000 $250,000 <br /> Common Area Construction 40.5%/59.5% $729,000 $729,000 <br /> Furniture, Fixtures, Equipment $750,000 $750,000 <br /> Owners Contingency - 5% Construction Costs $335,650 $335,650 <br /> TOTAL $6,797,500 $9,227,033 $2,429,533 <br /> Proceeding with the Library Only option would still require additional professional fees. This <br /> option also reflects an escalation in the cost of parking spaces compared to the current project <br /> budget as well as the introduction of costs for common area; furniture, fixtures, and equipment; <br /> and an owner's contingency based on the Construction Manager at Risk project delivery <br /> method. Additional details regarding this option are contained in Attachment#2 — Budget <br /> Allocation Library Only. If this option is chosen, the County would continue to lease space for <br /> Skills Development programming. The County has executed a five year lease in the Europa <br /> Center totaling $1.18 million during that timeframe. The lease could be extended, modified, or <br /> eliminated at the end of the five year period. <br /> The Draft First Amendment to the Development Agreement(Attachment 3) reflects the addition <br /> of Skills Development space as described in Option 1. Choosing Option 2 would require a <br /> renegotiation of the Amendment with the Town of Carrboro, and the timeline would be adjusted <br /> accordingly. <br /> Once a final development agreement is executed by the parties, the project development <br /> process will resume. A revised preliminary schedule has been created and is provided at <br /> Attachment 4. The schedule indicates that the design will begin in March 2020 and continue <br /> until April 2021. Construction will begin in May 2021 and conclude in June 2022. <br /> FINANCIAL IMPACT: The Board previously appropriated $6,797,500 for design and <br /> construction of the Southern Branch Library. Option 1, adding the Skills Development Center <br /> and recognizing total project costs, would add approximately $8.8 million to the project budget. <br /> Option 2, constructing the Southern Branch Library only but recognizing the total project costs, <br /> would add approximately $2.43 million. Either change to the project budget would be reflected <br /> in the Manager's Recommended Capital Investment Plan with construction expenditures <br /> planned for FY2021-22. <br /> Travis Myren made the following PowerPoint presentation: <br /> Final Project Scope <br /> 203 South Greensboro Street <br /> Most Recent Evolution of the Orange County Southern Branch Library Project <br /> County Capital Projects Fiscal Years 2011-16 (chart) <br /> Orange County Southern Branch Library Evolution - graph <br /> Orange County Southern Branch Library Site- photo <br /> Recent Board Action- June 2019 <br />