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ORANGE COUNTY, NC BUREAU VERITAS PROJECT: 153546.21400-001.354
<br /> Facility Condition Index (FCI)
<br /> One of the major goals of the FCA is to calculate each building's Facility Condition Index(FCI),which provides a theoretical
<br /> objective indication of a building's overall condition. By definition, the FCI is defined as the ratio of the cost of current needs
<br /> divided by current replacement value (CRV) of the facility. The chart below presents the industry standard ranges and cut-
<br /> off points.
<br /> DescriptionFCI Ranges and 0-5% In new or well-maintained condition, with little or no visual evidence of wear or deficiencies.
<br /> 5-10% Subjected to wear but is still in a serviceable and functioning condition.
<br /> 10-30% Subjected to hard or long-term wear. Nearing the end of its useful or serviceable life.
<br /> 30% and above Has reached the end of its useful or serviceable life. Renewal is now necessary.
<br /> The deficiencies and lifecycle needs identified in this assessment provide the basis for a portfolio-wide capital improvement
<br /> funding strategy. In addition to the current FCI, extended FCI's have been developed to provide owners the intelligence
<br /> needed to plan and budget for the "keep-up costs" for their facilities. As such the 3-year, 5-year, and 10-year FCI's are
<br /> calculated by dividing the anticipated needs of those respective time periods by current replacement value. As a final point,
<br /> the FCI's ultimately provide more value when used to relatively compare facilities across a portfolio instead of being over-
<br /> analyzed and scrutinized as stand-alone values. The table below summarizes the individual findings for this FCA:
<br /> Facility(year built) Cost/SF Total Replacement Current 3-Year 5-Year 10-Year
<br /> SF Value
<br /> 129 E.King Street(1947) $188 5,958 $1,122,640 0.0% 2,9% 3.8% 7.3%
<br /> AMS Inventory Facility(Old Motor Pool)(1980) $105 4,6663 $491,510 0.0% 7.7% 33.8%n 44.5%
<br /> AMS Storage Facility(Old Car wash)(1960) $105 1,702 $179,402 32.9% 101.7% 117.3% 123.6%
<br /> Animal Services Center(2009) $188 23,500 $4,418,000 0.0% 8.9% 10.3% 45.3%
<br /> Blackwood Farm Park(House 8 bams)(1820) $196 2,228 $436,438 15.3% 34.1% 47.9% 59.8%n
<br /> Board of Elections(Government Services Annex)(1968) $185 12,450 $2,303,245 0.0% 0.0% 0.0% 16.0%
<br /> Bonnie B.Davis Environment and Agricultural Center(2021) $176 17,247 $3,042,971 0.0% 0.0% 0.5% 7.1%
<br /> Cadwalder Jones Law Office(1 B39) $188 360 $67,833 1.6% 21.9% 21.9% 32.6%
<br /> Cedar Grove Community Ctr(195 1) $210 30,782 $6,476,579 0.0% 1.0% 4.2% 22.1%
<br /> Cedar Grove Community Ctr Park Shelter(2009) $105 1,450 $152,839 0.0% 3.8% 14.9% 58.6%
<br /> Central Recreation(Annex Bldg) (1957) $266 19,000 $5,055,300 0.1%© 11.6% 14.9% 29.2%
<br /> Communication Tower,Eno Mountian (1967) $105 252 $26,562 0.0% 9.3% 9.3% 25.5%
<br /> Court Street Annex(1936) $267 8,500 $2,267,637 1.0% 4.2% 11.7% 15.8%
<br /> Dickson House(Historic Office,Public Restrooms,Doctor's Office House)(1800) $188 3,250 $612,383 0.0% 4.3% 7.6% 19.1%
<br /> District Attorney Building(1967) $188 7,359 $1,386,624 0.6% 20.1% 27.8% 46.3%
<br /> Efland-Cheeks Communit Center Park Shelter(.2000) $105 2,200 $231,894 0.0% 8.6% 17.7% 25.8%
<br /> Efland-Cheeks Community Center(1992) $238 2,755 $655,315 0.0% 12.1% 26.2% 38.1%
<br /> Efland-Cheeks Community Center Park Shelter(Small)(2006) $105 560 $59,028 0.0% 61.1% 138.6%® 192.1%
<br /> 5 m®y
<br /> www.us.bureauveritas.com I p 800.733.0660 ass
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