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Durham County seeks $584,085 contingency increase for 500 E. Main parking deck closeout
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Summary
Staff requested appropriation of $584,085 from Debt Service Fund balance to PAYGO and an owner's-contingency increase of the same amount to address occupancy and closeout issues for the 500 E. Main Street downtown parking deck; materials show updated budget figures and previous contingency approvals.
County staff requested approval to appropriate $584,085 of Debt Service Fund balance to the PAYGO Fund and to increase the owner’s contingency by $584,085 for the 500 E. Main Street downtown parking deck development agreement with ZOM Living.
Resource persons listed include Peri Manns, Deputy Director of Engineering and Environmental Services; Jay Gibson, Director of Engineering and Environmental Services; Keith Lane, Budget Director; and Chris Didier, Development Manager for ZOM Living. Agenda materials summarize prior contingency approvals and indicate the deck was originally budgeted at $34,644,616 with an updated budget after the request of $35,228,701. Materials say the contingency increase is needed to address closeout and occupancy items including EV charging infrastructure, signage, bollards and pay-on-foot machines.
Why it matters: The parking deck is tied to an affordable housing development (500 E. Main) and county departmental parking needs; additional contingency affects project closeout costs and county fiscal exposure for the development agreement.
Context and next steps: The County Manager recommended approval; the item was placed on the consent agenda for Board action and materials include legal and budget forms documenting prior contingency approvals and the proposed increase.