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11
<br /> Town Orange County Total
<br /> A.Construction
<br /> Total Construction&CMAR $15,490,004.00 $19,202,063.00 $34,692,067.00
<br /> B.Design
<br /> Architectural Fees(Ratio of CBO/OC Sq. Ft. =44.52/55.48) $752,074.13 $937,220.87 $1,689,295.00
<br /> Supp.Architectural Fees(Ratio of CBO/OC Sq. Ft. =44.52/55.48) $252,784.56 $315,015.44 $567,800.00
<br /> $1,004,858.69 $1,252,236.31 $2,257,095.00
<br /> C.HE&Contingency
<br /> Furniture,Fixtures and Equipment(FF&E) $1,688,850.00 $802,225.00 $2,491,075.00
<br /> Owner's Contingency(5%) @ Ratio of CBO/OC 44.52/55.48 $772,245.00 $962,358.00 $1,734,603.00
<br /> Subtotal FFE&Contingency $2,461,095.00 $1,764,583.00 $4,225,678.00
<br /> TOTAL Project Budget $18,955,957.69 $22,218,882.31 $41,174,840.00
<br /> 1
<br /> 2
<br /> 3 Orange County's share of the project construction budget overrun is approximately $4,968,033.
<br /> 4 The Owner's Contingency, based upon a 5% of the GMP, rose from $530,050 to $962,358, an
<br /> 5 additional $432,300. The total project budget impact is an increase of $5,400,333. Additional
<br /> 6 operating costs for the new Library are currently estimated to be $537,670 in the first full year of
<br /> 7 operation.
<br /> 8
<br /> 9 Additional Options for Consideration
<br /> 10 On March 1, staff presented an option to shell in the County's portion of the facility. That option
<br /> 11 would produce approximately $1.6 million in total savings but would result in unusable
<br /> 12 programming spaces until additional funding is allocated to finish the space. Based on the
<br /> 13 Board's discussion, staff discussed two additional options to reduce the scope of the project and
<br /> 14 decrease the required budget.
<br /> 15
<br /> 16 Option 1: Delete the Orange County Skills Development Center from the project with
<br /> 17 minimal redesign.
<br /> 18
<br /> 19 This option would entail the removal of one level from the building and one level of the parking
<br /> 20 deck. This option keeps the current design mostly intact. The estimated time for redesign is
<br /> 21 five months plus an additional two months for re-permitting and bidding. The minimal redesign
<br /> 22 option would cost approximately $605,000 in architectural fees. The Construction Manager
<br /> 23 estimates a construction cost savings of approximately $3,765,000.
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