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6 <br /> Attachment #2: 203 Project Bidding, Approval and Financing <br /> Memorandum <br /> C)R AKIrX rni INITY <br /> v� v •1 .vim vv v. 111 1 <br /> NORTH CAROLINA <br /> MEMORANDUM <br /> TO: Orange County Board of County Commissioners <br /> Town of Carrboro Town Council <br /> FROM: Bonnie Hammersley,County Manager <br /> Richard J.White 111,Town Manager <br /> DATE: February 4,2.022 <br /> SUR ECT: The 203 irProject Construciion Bidding and Approval Scneduie <br /> On December 22,2021,County and T own stars met to discuss the progress of the 2u"3 Project ana to <br /> develop a construction bidding and approval schedule.The purpose of this memorandum is to share that <br /> schedule with you. <br /> Meeting agenda items will be scheduled such that Orange County Board of County Commissioners <br /> (BOCC)and Carrboro Town Council approvals occur on the same night. <br /> i fie 203 Project Bidding Scireduie and Approvai muestones(governing board meetings in Bola)[onow: <br /> �� <br /> L january i r•— ilia Advertisemem by csamniii <br /> 2. February 4"—Public Bid Opening(Town Nall) <br /> 3. February 16"—Re-bid specific scopes if needed <br /> 4. February 16"through March 4"—Detailed scope&bid review by Barnhill <br /> 5. March I'—Update provided to governing boards with status of Guaranteed Maximum Price <br /> (GMP)—Barnhill available to attend both meetings <br /> 6. March 7"—Final GMP provided to town staff by Barnhil l <br /> 7. March 15t'—Final GMP presented and voted on by governing boards,Town Council authorizes <br /> contract with Barnhill,BOCC&Town Council authorize Development Agreement amendment <br /> 8. April 2"d—Application submitted to Local Government Commission(LGC) <br /> 9. May 3'd—LGC approval <br /> 10. nr<`ray s•-—T own Council approves financing <br /> The Town will issue a Request for Proposals (RFP) for the implementation of solar photovoltaic (PV) <br /> systems in conjunction with the 203 Project construction bid documents so that the Town can fully <br /> understand the cost implications of such development through a variety of potential financing options,e.g., <br /> full ownership, leasing, and/or debt financing. The Town has received an Orange County Community <br /> Climate Action Grant in the amount of$40.568 that will help fund a portion of the solar photovoltaic panels <br /> and the green roof. <br /> Town staff is planning for communications regarding construction and parking impacts on the downtown. <br /> A formal groundbreaking will be coordinated with Orange County and the Town. <br />