Orange County NC Website
Browse       Search
30 <br /> Ordinance minimums <br /> Eliminate an additional 20 <br /> stalls from parking deck and $ (780,788) $ (780,788) <br /> replace with offsite leased <br /> spaces <br /> Transfer FFE to construction $ (447,775) $ (375,000) $ (84,390) <br /> budget <br /> Reduce STC rating in window <br /> glazing in 57% of windows, $ (117,827) $ (74,824) <br /> opt 1 and 36% opt 3 <br /> Reduce Construction <br /> Contingency from 5% to $ (58,800) $ (58,800) $ (58,800) <br /> 4.5% <br /> Shell Out Library and <br /> Eliminate Library FFE $(1,262,000) <br /> Shell Out Orientation Room $ (63,000) <br /> Remove Outdoor Terrace <br /> and Green Roof $ (52,778) <br /> Total Cost Reduction <br /> Strategies $(1,807,160) $(1,807,160) $(1,807,160) <br /> Debt Finance Total Project <br /> $1,807,160 <br /> Deficit <br /> Debt Finance with $950,000 $857,160 <br /> in Project Offsets <br /> Option #1 <br /> • Reduce parking stalls to the number required under the Town's Land Use <br /> Ordinance - $401,970 <br /> Through the design process, the facility occupants requested 20 more parking stalls than the <br /> number that would be required under the Town's Land Use Ordinance. This request was made <br /> prior to knowing the very high cost of the cast in place structure. Since these parking spaces <br /> would be considered excess, this reduction can be accomplished without replacing those <br /> spaces. <br /> • Reduce and replace an additional 20 parking spaces - $780,788 <br /> The Town's ordinance would allow the County to replace constructed parking spaces on site <br /> with leased spaces in the surrounding area. The elimination of 20 additional spaces in the <br /> parking deck would result in a construction cost savings of $780,778 and an addition of <br /> approximately $6,000 to the annual operating budget to lease off site spaces. <br /> • Reduce furniture, fixtures, and equipment (FFE) - $447,775 <br /> The total FFE budget is $1,250,000. A portion of the FFE budget ($447,775) could be <br /> transferred to the construction budget. This reduction would leave $802,225 for FFE and result <br /> in reusing some of the existing classroom furniture, office furniture, and AV equipment. <br />