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16 <br /> 1 Slide #8 <br /> Scope Reduction — Budget Impact <br /> Budget Imp=of Scope Ra4uctlon <br /> Current Budgeted Amount $16,818548 <br /> Scope Reduction Budget $15,103,215 <br /> Difference -$1,715,333 <br /> - Coo my would have sufficient budget to proceed with no budget <br /> adjustment <br /> - used on current Mructuro of the current Development <br /> Agreement <br /> ORANGE COUNTY <br /> NOFUT]f CAROLINA <br /> 2 <br /> 3 Travis Myren said that these changes would be a cost savings of about $7 million dollars <br /> 4 for the county. He said this would be less than the current budget and would not need a budget <br /> 5 amendment. He said that there would be a necessity to revisit the development agreement. <br /> 6 <br /> 7 Slide #9 <br /> Next Steps <br /> R Manager's Recommendation <br /> - Review and consider the 203 ProKd Guerariteed Maximum Price(GMP) <br /> r Questions and Discussion <br /> ORANGE COUNTY <br /> MZIRT7[CAROLINA <br /> 8 <br /> 9 Commissioner Greene asked what the percentage increase is needed to match the <br /> 10 budget with the GMP. <br />