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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: March 2, 2021 <br /> Action Agenda <br /> Item No. 6-a <br /> SUBJECT: 203 South Greensboro Project— Southern Branch Library and Skills <br /> Development Center <br /> DEPARTMENT: County Manager <br /> Asset Management Services <br /> (AMS) <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1 — Schematic Design Estimate Travis Myren, Deputy County Manager, <br /> 2 — Schematic Design Cost Reduction 919-245-2308 <br /> Summary Steven Arndt, Asset Management <br /> 3 — Schematic Design Construction Cost Services Director, 919-245-2658 <br /> Matrix <br /> 4 — Orange County Southern Branch <br /> Library Page from Approved Capital <br /> Investment Plan (CIP) <br /> PURPOSE: To review options and authorize the approach necessary to reconcile the budget for <br /> the 203 Greensboro Project which, at the completion of the Schematic Design phase, is estimated <br /> to be $1,807,160 over the approved budget. <br /> BACKGROUND: At the March 10, 2020 Orange County Board of Commissioners Business <br /> meeting, the Board approved a final scope and budget for the construction of the 203 Project, <br /> named for its address at 203 South Greensboro Street, Carrboro, NC. This project is a joint <br /> venture between the Town of Carrboro and Orange County that is intended to construct an Orange <br /> County Southern library branch as well as permanent facilities for the Skills Development Center. <br /> The Town of Carrboro's portion of the project includes meeting spaces, a small theater, and office <br /> space. The proposed site of the development is an existing Carrboro municipal parking lot. <br /> The design process began in April 2020 and involved a series of interviews and meetings with the <br /> proposed building occupants. This work continued through the year and culminated in the <br /> development of a Schematic Design (SD) including a detailed cost estimate. As shown in the chart <br /> below, the total SD cost estimate was $2,592,533 over budget. Orange County's portion of the <br /> project was estimated to be $2,409,812 over the authorized budget of $15.6 million. Attachment <br /> 1 provides the detailed Schematic Design estimate for the project. <br /> Approved Project Budget $22,282,000.00 <br /> Schematic Design Estimate $24,874,533.00 <br /> Deficit -$2,592,533.00 <br /> Of the total estimated deficit, $2 million can be attributed to parking deck costs that exceeded <br /> initial budget assumptions. The approved budget anticipated the construction of a pre-cast <br /> parking deck costing $25,000 per parking stall. However, the limited size of the building site <br />