Orange County NC Website
Browse       Search
5 <br /> 1 Jessica Goodell said this is how they can compare dissimilar facilities across the entire <br /> 2 portfolio. She said that once it gets to 60%, they say that is throwing good money after bad if <br /> 3 trying to fix rather than replace. <br /> 4 David Sturtz said that once you get to 50% Facility Condition Index (FCI), it means that if <br /> 5 the building gets replaced at the same square footage, you would spend about half as much <br /> 6 replacing the school as you would just fixing issues. He said as you get higher, the percentage is <br /> 7 the amount you would need to spend on the replacement value of the building. He said that the <br /> 8 FCI is a condition equalizer and an investment metric. He said it addresses the question of at <br /> 9 what point financially is it a better bet to renovate the building vs. just fixing the problem. He said <br /> 10 that fixing it leaves everything where it was and the design unchanged. <br /> 11 <br /> 12 Slide #7 <br /> PORTFOLIO FACILITY CONDITION INDEX (FCQ <br /> 5-YearFC1 10-YearFC1 <br /> 9 ■CHCCS ■OCS a ■CHCCS ■OCS <br /> 8 7 <br /> 7 <br /> 06 0 <br /> �$ u5 <br /> rn �4 <br /> S4 S <br /> a 3 <br /> ¢`ale Qo°f er 5 'e6 eca,�¢ ,¢lade Q�t eQ\a�e <br /> y <br /> "PO �2 <br /> :a <br /> 13 <br /> 14 Jessica Goodell said that the real concerns are expected facility conditions in 10 years. <br /> 15 She said it was important to begin planning now. She said the transportation building falls into <br /> 16 replacement because most of the cost is associated with the asphalt parking lot. She said the <br /> 17 next five years are ok but at the ten-year model, things tend toward below average or worse <br /> 18 conditions. <br /> 19 <br /> 20 <br />