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8 <br /> • Skills Development Center (Europa Center) — This project involves renovating <br /> an office for use as the County's Skills Development Center. The Center must <br /> relocate from 503 West Franklin Street, due to the re-purposing of that facility for <br /> an upcoming county economic development project. <br /> Total project costs, including a 10% contingency, is projected at $293,260. Of this <br /> amount, available funds of $254,953 will be used from existing planned debt <br /> financing funds in the General Fund, as approved by the Board of County <br /> Commissioners at their January 21, 2020 meeting, and the remaining amount <br /> needed of $38,307 is recommended to be debt financed, and will be included as <br /> part of a planned Spring 2021 financing package. The requested increase is <br /> required to cover Information Technology items and moving costs that were not <br /> included in the original project budget. <br /> The County intends to advance funds for initial Project costs, and then reimburse <br /> itself from financing proceeds. The expected type of financing for the Project <br /> (which is subject to change) is installment financing under Section 160A-20, <br /> including the possible use of limited obligation bonds. The County intends for the <br /> adoption of this resolution to be a declaration of its official intent to reimburse itself <br /> from financing proceeds for Project cost expenditures. <br /> This budget amendment provides for the re-purposing of the funds mentioned above, <br /> the use of existing Article 46 Sales Tax proceeds, additional debt financing, and <br /> amends <br /> the following Capital Project Ordinances accordingly: (See Attachment 1, column #10) <br /> Link Center Renovation Project(-$116,141) - Project# 10069 <br /> Revenues for this project: <br /> Current FY 2020-21 FY 2020-21 <br /> FY 2020-21 Amendment Revised <br /> Alternative Financing $1,026,000 $116,141 $909,859 <br /> Total Project Funding $1,026,000 ($116,141) $909,859 <br /> Appropriated for this project: <br /> Current FY FY 2020-21 FY 2020-21 <br /> 2020-21 Amendment Revised <br /> Link Center Renovations $1,026,000 $116,141 $909,859 <br /> Total Costs $1,026,000 ($116,141) $909,859 <br /> Whitted Office Project($324,649) - Project# 10079 - New <br /> Revenues for this project: <br /> Current FY 2020-21 FY 2020-21 <br /> FY 2020-21 Amendment Revised <br /> Alternative Financing from $0 $116,141 $116,141 <br />