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<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
<br /> Orange County library branch, as well as permanent facilities for the Skill Development office.
<br /> The Town of Carrboro portion of the project includes meeting spaces, a small theater, and
<br /> offices. The proposed site of the development at South Greensboro Street is located on an
<br /> existing Carrboro municipal parking lot near the center of the town. At that meeting, the Board
<br /> approved a construction budget of $11,777,000 for the Orange County portion of the project.
<br /> The total approved construction budget, including Carrboro's portion, was $22,282,000
<br /> (Attachment 1).
<br /> This project is being performed through a Construction Manager at Risk (CMAR) delivery
<br /> method. This delivery method entails a commitment by the Construction Manager (CM) to
<br /> deliver the project within a Guaranteed Maximum Price (GMP) which is based on the
<br /> construction documents and specifications at the time of the GMP plus any reasonably inferred
<br /> items or tasks. The project architect selected for the project is Perkins & Will and the
<br /> Construction Manager is the Barnhill Contracting Company.
<br /> The design process began shortly after the approval of the project with the start of Schematic
<br /> Design (SD) development. At the completion of the Schematic Design phase in November
<br /> 2020, a construction estimate derived from the design showed that the project was significantly
<br /> over budget. A Value Engineering (VE) effort immediately ensued and scope modifications
<br /> were made to bring the project costs down. After the completion of Value Engineering, the
<br /> project was still over budget, and at the March 2, 2021 BOCC Business meeting, the Board
<br /> approved additional funding through a combination of capital funding reallocation and a minor
<br /> scope reduction to close the budget gap of $1,807,160. Including the CMAR fee of $723,520,
<br /> Orange County's portion of the construction budget totaled $14,232,856. The total construction
<br /> budget, including Carrboro's portion, grew from $22,282,000 to $25,306,336. The cost overrun
<br /> was attributed the escalating costs associated with the parking deck. The Town of Carrboro did
<br /> not incur a cost overrun at that point in time. See the Chart#1, below for further detail:
<br /> Chart #1
<br /> 203 Project
<br /> Original Construction Budget Town Orange County Total
<br /> Construction 10,505,000 11,777,000 $22,282,000.00
<br /> CMAR Fee 568,480 723,520 $1,292,000.00
<br /> Total Const 11,073,480 12,500,520 $23,574,000.00
<br /> BOCC Schematic Budget Adjustment $1,807,160 $1,807,160.00
<br /> 14,307,680 $25,381,160.00
<br /> Scope Adjustment(Part of BOCC Change) -74,824 -$74,824.00
<br /> Revised Construction Budget(March 2021) $11,073,480 $14,232,856 $25,306,336.00
<br /> The project next proceeded into the Design Development (DD) phase of project design. Upon
<br /> completion of Design Development in May 2021, a new construction estimate was prepared,
<br /> and the project was once again found to be significantly over budget. Another round of Value
<br /> Engineering (VE) ensued, additional modifications were made, and the project cost was brought
<br /> down within budget.
<br /> On February 4, 2022, a memorandum was sent to the BOCC and Carrboro Town Council
<br /> (Attachment 2) that provided a project bidding, approval, and financing schedule. Per the
<br />
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