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97 wE979 As with IV, Alternatives V provides significantly more useable space but does not address the - vacant buildings. Although less revenue loss is a consideration. Alternative VI is projected to resolve all our administrative space needs until the year 2015 but the substantial funding requirements are probably prohibitive considering the County's other capital priorities. Another problem that has to be addressed in space planning is storage requirements for the various departments and -agencies. It is estimated that we require 8,000 - 10,000 square feet of space to meet the needs of Board, Clerk, Tax Collector, and Property Appraiser. This is a combination of conditioned and non -conditioned space based on individual requirements of the various areas of responsibility. The law requires some records be stored off-site and due to their vulnerability the storage area needs to be conditioned. SECTION B - PROJECT FUNDING As reflected in Exhibit C a total of $1,755,500 is currently budgeted in the Optional Sales Tax Program to address the administration building HVAC ($1,138,500), renovation of the courthouse annex and -administration building ($617,000). The funding budgeted in 1993 corresponds to Alternative II. The HVAC estimate was predicated upon the Gee and Jensen study. Renovation costs were staffs estimates to relocate the Utilities Department to the annex and accommodate several immediate space needs within the administration building for a short period of time. As stated previously, the expense for that alternative is now projected to be $3,329,943. An additional $633,000 is potentially available from the Sales Taxes, which could be allocated without effecting currently budgeted projects. The amended total would therefore be $2,388,500. As reflected in Exhibit D, the $2,388,000 is not sufficient to fund Alterative II nor any of the other alternatives. With the exception of Alternative VI, the chart reflects a "potential" means of funding for each of the alteratives. Using this illustration, obviously, the sale of the current vacant buildings is essential. The values reflected are based on the most recent appraisals of each of the buildings. However, whether the buildings could indeed be successfully marketed and at the appraised price is unknown at this time. To date, attempts to sell the old Health Department building have been unsuccessful. Within the last two months a realtor had a client who strongly expressed an interest in acquiring the building at the appraised price and another who was interested Since bidding is required, the building was again advertised with a result of no bids on April 10th. The relator subsequently advised, the first party in the interim purchased another building and the second couldn't meet the bid time requirements. Recently, several parties have also expressed varying degrees of interest in the old courthouse and annex. If the old courthouse was sold, the $615,000 currently allocated for the renovation grant match could be directed to meeting he space needs. If a feasible project alternative br direction is arrived at, an additional funding alternative would be to reprioritize current projects such as deferring construction of the new Public Works facility for one year. As previously presented to the Board, if either of the School District alternatives were pursued, in addition to the capital expense, replacement revenue for the General Fund loss and the ability to substitute the bond pledge would be required As illustrated by the chart, if a new facility were considered substantial additional financial commitment would be required from the final five years Sales Tax Program and/or other sources. 5 64 MAY 79 1996