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<br /> Orange County Southern Branch Library
<br /> Project Category County Project Status: Active Project Type
<br /> Functional Service Area: Support Services Proposed Bid Date: TBD New x
<br /> Department: Asset Management Services Starting Date: 7/1/2018 Expansion
<br /> Project Number: 10050 Completion Date: 6/30/2021 Renovation
<br /> Replacement
<br /> Project Description/Justification:
<br /> In October 2017,the County entered into a development agreement with the Town of
<br /> Carrboro to collaborate on a building project at 203 S Greensboro Street that would house the
<br /> Orange County Southern Branch Library and Town of Carrboro offices. Funding for
<br /> construction was originally approved in FY2018-19. In early 2020,the Board of Commissioners �.k }
<br /> endorsed expanding the original project scope to include a replacement for the Skills
<br /> Development Center, its associated parking facilities, and other costs related to completing the
<br /> project. These changes increased the total project budget to$15.6 million.Additional design
<br /> services will be incurred in FY 2020-21 while construction costs will start to be incurred in r
<br /> FY2021-22, as well as additional professional services. This location will replace the Cybrary
<br /> and McDougle facilities and permanently house the Skills Development Center. ii
<br /> - r
<br /> FINANCIAL SUMMARY
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> Project Budget Funding 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total Year10
<br /> Appropriation
<br /> Professional Services 1,172,500 400,000 414,993 814,993
<br /> Construction/Repairs/Renovations
<br /> Skills Development 3,969,000 3,969,000
<br /> Common Area Construction 1,008,000 1,008,000
<br /> Library Construction w/Contingency 4,625,000 688,850 688,850
<br /> Parking Construction 1,000,000 1,075,000 1,075,000
<br /> Equipment/Furnishings 1,250,000 1,250,000
<br /> Appropriation Total 6,797,500 400,000 8,405,843 8,805,843
<br /> Revenues/Funding Source
<br /> Debt Financing 6,533,500 400,000 8,405,843 8,805,843
<br /> Available Project Balances 264,000
<br /> Revenues/Funding Source Total 6,797,500 400,000 8,405,843 8,805,843
<br /> Impact on Operating Budget
<br /> Personnel 514,054 514,054 514,054 1,542,162 2,570,270
<br /> Operations 145,000 145,000 145,000 435,000 725,000
<br /> Impact on Operating Budget Total 659,054 659,054 659,054 1,977,162 3,295,270
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