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<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 /> <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 /> <br />Link Center Renovation Project (-$116,141) - Project # 10069 <br /> <br /> Revenues for this project: <br /> Current <br />FY 2020-21 <br /> <br />FY 2020-21 <br />Amendment <br /> <br />FY 2020-21 <br />Revised <br /> <br />Alternative Financing $1,026,000 ($116,141) $909,859 <br />Total Project Funding $1,026,000 ($116,141) $909,859 <br /> <br /> <br /> <br /> <br /> Appropriated for this project: <br /> Current FY <br />2020-21 <br /> <br />FY 2020-21 <br />Amendment <br /> <br />FY 2020-21 <br />Revised <br /> <br />Link Center Renovations $1,026,000 ($116,141) $909,859 <br />Total Costs $1,026,000 ($116,141) $909,859 <br /> <br /> <br />Whitted Office Project ($324,649) - Project # 10079 - New <br /> <br /> Revenues for this project: <br /> Current <br />FY 2020-21 <br /> <br />FY 2020-21 <br />Amendment <br /> <br />FY 2020-21 <br />Revised <br /> <br />Alternative Financing (from $0 $116,141 $116,141 <br />8