File #: 20-424    Version: 1 Name:
Type: Agendas Status: Agenda Ready
File created: 11/11/2020 In control: Board of Aldermen
On agenda: 11/17/2020 Final action:
Title: Resolution Approving Schematic Design of 203 Project PURPOSE: The purpose of this item is for the Town Council to approve a resolution on the schematic design for the 203 Project and to direct staff to continue with the design process.
Attachments: 1. A - Resolution, 2. B - Location map, 3. C - Amortization schedule 12M for 20 Yrs, 4. D - Carrboro 203 Economic Impact Analysis, 5. E - Financing 203 Project Town Council 11-10-2020, 6. F - 201112_Partner Cost Allocation Matrix, 7. G - 201110_Team Meeting Presentation_DRAFT4-LR
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TITLE: Title
Resolution Approving Schematic Design of 203 Project
PURPOSE: The purpose of this item is for the Town Council to approve a resolution on the schematic design for the 203 Project and to direct staff to continue with the design process.
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DEPARTMENT: Planning, Finance, Economic Development

CONTACT INFORMATION: Patricia McGuire 919-918-7327, pmcguire@townofcarrboro.org; Arche McAdoo, 919-918-7439, amcadoo@townofcarrboro.org; Jon Hartman-Brown, O: 919-918-7319 | C: 919-391-7846 , jhartman-brown@townofcarrboro.org,

INFORMATION: The Town Council has considered agenda items and decisions on this matter on a number of occasions in 2020, most recently a public hearing on November 10th .
The agenda materials may be accessed at https://carrboro.legistar.com/LegislationDetail.aspx?ID=4688918&GUID=A8158DF1-9E71-4ED0-941F-E1EF55D47EFE&Options=&Search= . The 100 percent schematic design plan set is available there and on the project website at The203Project.org.

The current pricing indicates a construction estimate of
Site $ 1.3 M
Building $ 16.9M
Parking $ 6.3M
These costs total approximately $24.5 million, and will be shared between the Town and Orange County.
The current schedule anticipates moving forward to design development, permitting and construction plan preparation, so that construction could begin in the fall of 2021. This schedule is anticipated to allow opening of the new facility in late 2022.
A resolution has been prepared that approves the schematic design available for review at the project website. The resolution also indicates that we are working to keep the costs in line with the approved capital project ordinance and that staff will report back as soon as the project costs exceed this amount.


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