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File #: [22-0868]    Version: 1 Name:
Type: Discussion Item Status: Passed
File created: 10/17/2022 In control: Town Council
On agenda: 11/16/2022 Final action: 11/16/2022
Title: Rosemary Parking Garage Update and Increase the Project Authorization.
Attachments: 1. Draft Staff Presentation, 2. Draft Staff Memorandum, 3. Staff Presentation, 4. Staff Presentation, 5. Emails From the Public, 6. Council Questions with Staff Response, 7. A RESOLUTION INCREASING THE PROJECT AUTHORIZATION BY UP TO $9 MILLION FOR THE ROSEMARY STREET PARKING DECK (2022-11-17/R-17)
Related files: [23-0096]

Rosemary Parking Garage Update and Increase the Project Authorization.

Mary Jane Nirdlinger, Deputy Town Manager
Manager's Office
Dwight Bassett, Director
Economic Development & Parking Services
Amy Oland, Director
Business Management

Overview: A redesign of the parking garage foundation requires an increase in the project schedule and budget. Tonight's update provides context for the changes to the design and the associated scope, cost, and schedule impacts.

That the Council receive the update and increase the project authorization by up to $9 million, based on the known and future costs for completion.

Decision Points:
* Increasing the project authorization through project completion.

Key Issues:
* The Rosemary Street Parking Deck is a key part of the future vision for Downtown Chapel Hill.
* The foundation redesign was a change from the earlier design, and it is necessary because of the location of bedrock on the site.
* The contractor and design team have worked to control the impacts to the schedule and cost to the best of their abilities during an unprecedented global construction environment.
* The increased time and cost of the project could delay the Town's ability to begin planned, new capital improvement projects, but will still be offset by parking revenues and future growth Downtown.

Fiscal Impact/Resources: The redesign will require a construction cost increase of up to $5.3 million of known costs, $3.6 million of future potential costs. We also recommend an additional $400,000 in project contingency. The increase will cost the Town more in debt service each year and impact how long it takes for the deck to be self-supporting. Staff will work on strategies for minimizing the long-term financial impacts.

Where is this item in its process?


* Resolution

* Staff Presentation

* Staff Memorandum


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