TITLE
Title
BUDGET AMENDMENT: TRANSFER OF FUNDING FROM HP COURTHOUSE PLAZA CAPITAL ORDINANCE TO HP DETENTION CENTER RENOVATION CAPITAL ORDINANCE
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SPONSOR
Sponsor
Eric Hilton
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BACKGROUND
Background
As part of the 2/3rds bonds funds capital projects, the County entered into a Design-Build contract with WxTite to remedy water infiltration issues in several County buildings. The funding for the waterproofing contract was split between the Greensboro Detention Center, High Point Detention Center, High Point Plaza, Greensboro Public Health Building and Greensboro Courthouse. These projects are now complete with a significant amount of funds remaining in the High Point Plaza portion of the project.
Originally the HP Detention Center capital ordinance scope included waterproofing, roof replacement, generator replacement and HVAC renovations. Previously, the Board directed that funding be reallocated to the LE Admin capital ordinance, reducing the HP Detention Center capital ordinance. There are two major projects that remain to be completed at the HP Detention Center. Certain HVAC equipment replacements are still required. Additionally the High Point Detention Center elevators are in need of major renovations. In the past year, the failure frequency of the elevators has jumped up dramatically. These failures presented operational issues for the jail staff, and repairs are no longer viable given the age and condition of the equipment. The reallocated funds will be to perform required design work and bidding to renovate the HVAC and elevators. The funds should also cover the cost of construction for the HVAC renovations. The elevator renovations are expected to require another funding mechanism due to the size of the project. The design efforts would begin immediately and the bidding should begin by June of this year.
Due to guidance from Bond Counsel, staff recommends transferring excess funds from the HP Plaza capital ordinance to the debt service fund to re-pay debt service. This will free up funding from the transfer from the General Fund to transfer to the County Building Construction fund to support the HP Detention Center Renovation capital ordinance to fund the HVAC replacement and elevator renovation design effort.
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BUDGET IMPACT
Budget Impact
County Building Construction Fund
High Point Courthouse Plaza (Amend)
$500,000 decrease in Capital Outlay (expense)
$500,000 increase in Transfer to Debt Service Fund (expense)
HP Detention Center Renovation (Amend)
$500,000 increase in appropriation to project (expense)
$500,000 increase in Transfer from the General Fund (revenue)
Debt Service Fund
$500,000 increase in Transfer from County Building Construction Fund (revenue)
$500,000 decrease in Transfer from the General Fund (revenue)
General Fund
$500,000 decrease in Transfer to Debt Service Fund (expense)
$500,000 increase in Transfer to County Building Construction Fund (expenses)
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REQUESTED ACTION
Requested Action
Approve necessary budget amendments resulting in an increase of $500,000 in the HP Detention Center Renovation project and a decrease of $500,000 in the High Point Courthouse Plaza.
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