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.
body
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...
Click here for full text