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HomeMy WebLinkAboutORD-2014-040 OC Sportsplex Lobby Budget Amendment #2-B1 ORD- 2014 -040 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 21, 2014 Action Agenda Item No. 6 -e SUBJECT: Orange County SportsPlex Lobby Budget Amendment #2 -B DEPARTMENT: Asset Management Services, PUBLIC HEARING: (Y /N) No Finance, Department of Environment, Agriculture, Parks and Recreation, Orange County SportsPlex ATTACHMENT(S): INFORMATION CONTACT: Jeff Thompson, (919) 245 -2658 Clarence Grier, (919) 245 -2453 David Stancil, (919) 245 -2522 John Stock, (919) 644 -0339 PURPOSE: To approve Budget Amendment #2 -B re- purposing appropriated SportsPlex funds for improved ice skate compatible flooring and restroom partitions. BACKGROUND: The Orange County SportsPlex is currently undergoing lobby renovations to add a second fitness studio; expand the existing main studio; and install a girls /women's hockey change room. These renovations are supported by incremental programmable revenues and are scheduled to be complete in the fall of 2014. The Board awarded the construction bid for the SportsPlex lobby renovations in June of this year. In 2012, the lobby project was originally designed as a cosmetic renovation involving primarily new paint and improved ice skate compatible flooring. Upon further examination by SportsPlex staff, the focus of the renovation transformed from solely a cosmetic improvement to one addressing the significant need for more programmable space to accommodate its current and future growth. Originally, $165,000 was appropriated by the Board to address the cosmetic renovation. The project designer, Ben Burke, estimated the cost of the revised, programmable space at $330,000, well within the total appropriated budget of $440,000 for the scope elements involved in the design. The awarded bid for the project to Riggs- Harrod Builders of Raleigh was for $429,500, just under the appropriated $440,000 for the project. This bid award did not include the skate compatible flooring and the restroom partition improvements as these elements were deferred for future replacement. SportsPlex staff has since evaluated other project appropriations. Within the FY2013 -14 Capital Investment Plan (CIP), the Board appropriated $125,000 for the replacement of the 2 original Ice Rink Dehumidification System and $100,000 to replace fitness equipment that has reached the end -of- useful life. A recent comprehensive preventative maintenance evaluation of the Dehumidification unit concluded that all of its main operating components were in very good working order and that the need for replacement was not imminent. Additionally, a full pricing work -up of replacement fitness equipment indicates that only $80,000 of the budgeted $100,000 is needed. Staff recommends that $120,000 ($100,000 from the rink Dehumidification unit plus $20,000 from the fitness equipment) be reallocated to replace the ice skate compatible flooring as well as the bathroom dividers, with the work completed as part of the current Lobby project to achieve the financial and timetable synergies of performing the work while renovations are already in progress. $25,000 in surplus funds may return to the SportsPlex fund balance or may be treated as a contingency fund for these projects. FINANCIAL IMPACT: The SportsPlex Capital project fund has adequate funds for this budget amendment and will be supported by the projected revenues generated. The projected incremental 5 year net income resulting from the lobby renovations (including the flooring and restroom partition replacements) amounts to $537,500 — an estimated 5 year payback for the investment. The proposed Budget Amendment #2 -B is as follows: RECOMMENDATION(S): The Manager recommends the Board approve Budget Amendment #2 -B re- purposing appropriated SportsPlex funds for improved ice skate compatible flooring and restroom partitions. FY2013 -14 CIP Requested Adjustment Adjusted CIP Dehumidification Replacement $125,000 ($125,000) $0 Exercise Equipment $100,000 ($20,000) $80,000 Lobby, Restroom Flooring Replacement $0 $100,000 $100,000 Restroom Stall Divider Replacement $0 $20,000 $20,000 Sportsplex fund balance or project contingency fund $0 $25,000 $25,000 Total $225,000 $0 $225,000 RECOMMENDATION(S): The Manager recommends the Board approve Budget Amendment #2 -B re- purposing appropriated SportsPlex funds for improved ice skate compatible flooring and restroom partitions.