Town Seal

Town of Chapel Hill
North Carolina

Executive Summary

Meeting Date: 10-15-2008
Time:                    7:00 PM

AGENDA #7

 

Title of Agenda Item:  Library Expansion Project Update and Establishment of a Project Budget

Background:  The attached memoranda include background information on the Library expansion project and estimated project budget. They provide the Council an opportunity to:

Staff Recommendation(s):  That the Council adopt the attached resolution A authorizing the Town Manager to direct the Town’s design consultants to proceed with development of construction plans and specifications in preparation for bidding and award of construction contracts utilizing a Construction Manager at Risk; and that the Council adopt the attached resolution B establishing an estimated project budget of $16,515,374 and directing the Town Manager to prepare Town budgets with an increase of approximately 1.72 cents in 2009-10, and a cumulative increase of approximately 3.78 cents in 2010-11 to fund Library debt service and operating cost increases without affecting other Town services.

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