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4 <br /> This option maintains the same contingency reduction as Option #1. <br /> • Shell out orientation room - $63,000 <br /> The facility design currently includes an orientation room that is intended to support the <br /> Skills Development Office as they introduce new clients to services offered by the office. <br /> This option would shell out that room meaning that interior mechanical, electrical, <br /> structural, life safety, and finishes would not be constructed at this time. Rather, the space <br /> would be ready for renovation should funds become available. <br /> • Remove outdoor terrace and green roof - $52,778 <br /> The facility design currently includes an outdoor terrace that would be used for outdoor <br /> social gatherings. Removal of the third floor outdoor terrace would eliminate a building <br /> amenity, but it would not impair the services provided in the facility. <br /> Option #3 <br /> The third reduction option would reduce the scope of the overall project that was approved by the <br /> Board. It is included only to represent the full range of options available to eliminate the estimated <br /> project deficit. <br /> • Reduce parking stalls to the number required under the Town's Land Use Ordinance <br /> - $401,970 <br /> This option only reduces the number of parking stalls to the minimum required under the <br /> Town's ordinance. This option does not contemplate replacing an additional 20 spaces <br /> with leased stalls. <br /> • Shell out library and eliminate the library FFE budget - $1,262,000 <br /> This option would defer construction of the library portion of the facility but preserve the <br /> buildout of the library at a future date when funds become available. Shelling out the space <br /> would save $512,000. Since the library would not be functional, this option also eliminates <br /> $750,000 associated with the library's FFE budget. <br /> • Smaller reduction of FFE for Skills Development - $84,390 <br /> This reduction would leave $415,610 for FFE in the Skills Development Center which would <br /> be sufficient to eliminate or minimize the reuse of furniture and equipment. <br /> • Maintain construction contingency reduction from five percent (5%) to (4.5%) — <br /> 58,800 <br /> This option maintains the same contingency reduction as Option #1. <br /> Option #4 <br /> This option would increase the budgeted amount for the project to accommodate the schematic <br /> design cost estimate. It would add $1,807,160 to the project budget. This option would require a <br /> budget amendment. Borrowing an additional $1,807,160 would add up to $160,000 in annual <br /> debt service payments. <br /> Option #5 <br /> This option increases the project budget by $1,807,160 but also provides $950,000 in offsetting <br /> project reductions in the Capital Investment Plan (CIP) to reduce the overall impact on the <br />