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Town of Chapel Hill Executive Summary |
Meeting Date: 10-15-2008 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:
- Review the final design of the Chapel Hill Library expansion project
- Consider the staff’s recommendation to proceed with utilizing the Construction Manager at Risk project delivery system
- Review the cost implications and associated tax revenue issues associated with both construction and future Library operations, and
- Establish an estimated budget for the project
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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