TITLE: Title
203 Project Status Update
PURPOSE: The purpose of this item is to provide an update of the 203 Project including the status of the Guaranteed Maximum Price (GMP) development. This item will also provide an update on project financing, supplemental parking, and communications.
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DEPARTMENT: Public Works, Finance, Communications, Economic Development, Planning
CONTACT INFORMATION: Ben Schmadeke, Capital Projects Manager, bschmadeke@carrboronc.gov, 919-918-7424, Arche McAdoo, Finance Director, amcadoo@carrboronc.gov, 919-918-7439, Catherine Lazorko, Communication and Engagement Director, clazorko@carrboronc.gov, 919-918-7314, Jon Hartman-Brown, Economic Development Director, jhartman-brown@carrboronc.gov, 919-918-7319, Trish McGuire, Planning Director, pmcguire@carrbornc.gov, 919-918-7327
INFORMATION: On February 11, 2020 the Carrboro Town Council approved the scope and revised project ordinance for the 203 Project, named for its address at 203 South Greensboro Street, Carrboro, NC. This project ordinance included a total Town contribution of $12,000,000 to the project including $10,505,000 for construction. This project is a joint venture between the Town of Carrboro and Orange County that is intended to construct an Orange County library branch, as well as permanent facilities for the Orange County Skill Development office. The Town of Carrboro portion of the project includes meeting spaces, a multi-purpose performance space, and offices. The proposed site of the development at South Greensboro Street is located on an existing Carrboro municipal parking lot near the center of the town. At the March 10, 2020 Orange County Board of Commissioners meeting, the board approved the scope and construction budget of $11,777,000 for the Orange County portion of the project. The total approved construction budget, including Carrboro's portion, was $22,282,000 (Attachment 1).
This project is being performed thr...
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