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23 <br /> 1 Saundra Freeman said that she has percentages but not actual dollar contributions but <br /> 2 could go back and look. <br /> 3 Commissioner Fowler asked if the renegotiation of percentages was also due to things <br /> 4 that Durham wanted to add to the project. <br /> 5 Saundra Freeman said yes but there were also agreements in terms of viability to what <br /> 6 the sales tax bases could bring. <br /> 7 Bonnie Hammersley said the county's contribution was a little over$29 million. <br /> 8 Commissioner Richards asked her to briefly summarize where she thought the project <br /> 9 broke down. <br /> 10 Saundra Freeman said that it broke down when two of their partners, NCRR and Duke, <br /> 11 had concerns that had not been previously discussed. She said at that time, the Board decided <br /> 12 the project needed to be terminated because they could not break through those issues. <br /> 13 Chair Price said that the state legislature also reduced the amount of funding they had <br /> 14 originally planned. <br /> 15 Saundra Freeman said they were operating with minimal state participation. <br /> 16 Commissioner Richards asked if the state funding was originally expected to be there. <br /> 17 Saundra Freeman said yes, and that Charlotte received 25% from the state for their light <br /> 18 rail project and the thought was this project would receive the same, but they ended up at 7%. <br /> 19 She said there was also a time requirement to move between phases and once they realized <br /> 20 they were not going to solve the NCRR and Duke concerns, it was clear they would not meet <br /> 21 the timeline. <br /> 22 Commissioner Fowler asked if those two partners had signed agreements and then <br /> 23 backed out on them. <br /> 24 Saundra Freeman said they were not signed and that is a lesson they have learned <br /> 25 whether it be MOUs or something legally binding. <br /> 26 Commissioner McKee said that Duke warned them for years about going through their <br /> 27 campus. <br /> 28 Chair Price said even Wake County has changed how they do business. <br /> 29 Katherine Eggleston, chief development officer, continued the presentation: <br /> 30 <br /> 31 Slide #9 <br /> Management and Design <br /> $130,92$,132 oftutal exper es was spent on project enarae-ment,design,and other consulting serrires needed to prepare the <br /> pfoJect for federal funding and construction. <br /> The majarWC of these expenses was related to four major consulting contracts,as approved by the GoTriangle Board of Trustees; <br /> LIRSJAECOM was the 2 Project Development Const Rant I PDGF.PCC expansas tot-.lad 526.,722.k3& <br /> HDR was the General Eryglneeriag Comultaat iGEQ.GEC expenses totaled$36.775.W2. <br /> -HNTBwas tNeProgramUsnagarrentConsultant(PMC).PMC,er,pensestota d512.465,51. <br /> Ci&&nett-FIanI,IMJ'.V3P point venture wai the Construction Ftanagernervt Consunant ICMCj..CMti expenses totalm$3,373,52{a <br /> > PFM was the Financial Adviscir Jwvnv.pfm.:om1. Financial Advisar expe-rises totale-d$1,DGI.d55. Jill Jaworski was the contract <br /> signatory for PFM. <br /> Expenses for E-budder project management software totalf4i%15,000- <br /> =Engineering revlew reimbursements totaled$4o3,i76 <br /> 32 <br />