Agenda - 03-16-2004-9d - Laserfiche WebLink

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A number of elements are being completed outside of the construction bid previously referenced. The elements and their associated costs are as follows: • Nature trail improvements, horse trails and signage to back 385 acres: $56,500 (Note: a portion of the horse trails will be on private property adjacent to the park; County funds will be used for signage but not for trail improvements on private property; staff is working with the landowner and County Attorney to develop a formal agreement for BOCC consideration,) • Stabilization/deconstruction of abandoned structures, (excluding the Laws House): $17,300 • Project to date expenses, including such things as design fees, archaeological studies, site preparation, surveys, land disturbance permit: $62,000 • Park entrance (landscaping, fencing, etc.): $3,500 • Caretaker Residence (relocated from Yorktowne Drive): $90,000 • 3% Contingency: $22,000; • Architect construction oversight expenses: $8,500 The property also contains a structure heretofore referenced as "the Laws House", Decisions regarding its final disposition have yet to be made, Staff is currently exploring options that will be brought back to the Board with recommendations at a later date. Durham County staff has indicated minimal interest in restoring the house, Associated costs will be prepared at such time the recommendations/options are presented. Staff has attempted to identify all costs associated with the project in order to provide a global view of the project and to determine the necessary funding for the entire project without repeated effort. Based on elements contained in the bid, previous expenses (such as design fees and costs of relocating the caretaker house) and elements to be accomplished outside of the construction, the estimated cost of construction is $965,966, of which $312,000 is covered by various grants. Orange County's share is estimated at $326,983. Most of the cost is to be split evenly between the two partners. However, as the Board will recall, some expenses associated with the relocation of the caretaker house are the responsibility of Orange County only, An $85,000 turn lane from Guess Road will be funded by North Carolina Department of Transportation and has not been included in the cost estimates cited above, FINANCIAL IMPACT: The Board has previously been advised that the revised cost estimate for the park significantly exceeded the available revenues. However, until the receipt of bids on February 17, it was unclear how much additional funding would be required of both partners. The chart below outlines project costs and available funding sources: