NORTH CAROLINA
EXECUTIVE SUMMARY
Meeting Date: 1/25/2010
AGENDA #7a
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TOWN OF CHAPEL HILL NORTH CAROLINA EXECUTIVE SUMMARY |
Meeting Date: 1/25/2010 |
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| Title of Agenda Item:
Consideration of Proceeding with the Library Expansion Project. (R-5) |
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| Background: The purpose of this report is to provide the Council with an update on the Library expansion project. The report includes a summary of the implications of the project on the Town's budget in Part "A" and a proposed project schedule and a discussion of transition services and construction cost estimates in Part "B". | |||
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| Fiscal Note: The delay in starting the Library expansion project has postponed its impact on the Debt Service Fund now making it possible to fund the expansion project at current debt service allocation rates. The increase in operating costs associated with the larger facility, however, cannot be accounted for in the Town's current operating budget. Once fully staffed, these operating cost increases will be a tax rate equivalent of 1.31 cents. | |||
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| Recommendations: That the Council adopt the resolution to authorize the Town Manager to proceed with the project schedule based on a construction start date of approximately July 2010 as detailed in this report and that the Council direct the Town Manager to present a recommended budget that treats the anticipated operating and transitional costs as new initiatives and additions to the base budget. | |||
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| ATTACHMENTS: Viewing attachments may require Adobe Acrobat. |
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| Manager's Memorandum | |||
| Staff Memorandum Part A | |||
| Staff Memorandum Part B | |||
| Resolution | |||
| October 15, 2008 Executive Summary | |||
| October 15, 2008 Manager's Memorandum | |||
| October 15, 2008 Staff Memorandum | |||
| October 15, 2008 Resolution-16a | |||
| October 15, 2008 Resolution-16b | |||
| October 15, 2008 Alternate Adopted Resolution-16a | |||
| December 8, 2008 Executive Summary | |||
| December 8, 2008 Staff Memorandum Part A | |||
| December 8, 2008 Staff Memorandum Part B | |||
| November 17, 2009 Library Project Schedule | |||