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HomeMy WebLinkAboutFIN-08-097 - Central Library Funding Options and KPL Report1 KITC~~R ' • Financial Services Report To: Councillor Berry Vrbanovic, Chair, and Members of the Finance and Corporate Services Committee Date of Meeting: September 29, 2008 Submitted By: Dan Chapman, General Manager of Financial Services Prepared By: Dan Chapman, General Manager of Financial Services Sonia Lews, Chief Executive Officer, Kitchener Public Library Ward(s~ Involved: ALL Date of Report: September 1, 2008 Report No.: FIN-08-097 Subject: Central Library Funding Options RECOMMENDATION: For discussion BACKGROUND: Council has previously considered a report by the Kitchener Public Library (KPL) recommending that the $32.5 million earmarked from the Economic Development Investment Fund (EDIF) be allocated to the KPL's proposed renovation and expansion of the Central Library on its existing location. In light of the significant funding shortfalls associated with two of the three options identified by KPL, Council directed KPL staff to work with City Finance staff to report back in September with funding scenarios to potentially fund these shortfalls. REPORT: Central Library Project The Kitchener Public Library Board presented a Central Library Project update to the Finance and Corporate Services Committee on May 12, 2008. The update included three options for revitalizing the current Main Library. The most extensive improvement plan would renovate and add 54,400 square feet to the existing Main Library. Two alternative options are to renovate only or to renovate and add 30,000 square feet. In assessing the community's needs for current and future library services, the KPL Board concluded that Option 3 which renovates and adds 54,400 square feet was the best alternative and has recommended it for Council consideration. Council Direction At the May 12, 2008 Finance and Corporate Services Committee, it was resolved: "That Kitchener City Council allocate the $32.5 M previously earmarked from the Economic Development Investment Fund towards funding the Kitchener Public Library's (KPL) renovation and expansion of the existing Main Library on its current location X85 Queen Street North}; and, That Kitchener City Council direct KPL staff to work with City Finance staff to bring back a report in September 2008 outlining a financial plan for funding Options 2 and 3, as outlined in KPL's report dated May 12, 2008; and further, That Kitchener City Council direct KPL staff to continue to work on a joint parking solution with City staff and other organizations located in the Civic District area." Financial Summary Assuming a 2010 construction start, total project costs for the three options, including parking, range from $30.4 million to $60.3 million. Confirmed project funding totals $32.5 million from EDIF. Projected funding shortfalls for Options 2 and 3 in 2010 dollars are in the range of $12.1 million to $27.8 million. Appendix "A" contains estimated project costs assuming a leased facility during construction and Appendix "B" assumes that construction will be phased. The following adjustments have been made to the projections: The figure previously reported for a leased temporary location has been corrected; Construction escalation and inflationary increases were added to the 2008 cost estimates to reflect a 2010 construction start; Parking annual escalation costs reflect City of Kitchener staff guidelines; and The projected funding shortfall for Options 2 and 3 are identified. Potential Funding Options City and Library staff have reviewed eleven potential funding options: 1. Fundraising; 2. Issue tax-supported debt or increase contributions from current; 3. Adjust KPL's capital forecast; 4. Adjust other City capital projects; 5. Delay the Central Library project; 6. Grants; 7. Development charges; 8. Advance the operating budget increase; 9. Reduction of parking spaces; 10. Parking revenue; and 11. Modify design features to fit within available funding An evaluation of each option follows. 2 Funding Option 1-Fundraising A fundraising feasibility study undertaken in 2005 during the Centre Block project concluded that there was community support, in principle, for KPL to raise funds for a new library. The consultants indicated that fundraising would be challenging as KPL lacks a significant history of major capital campaigns. Assuming a comprehensive marketing and communications strategy was in place and appropriate volunteer leadership was attracted, the consultant suggested KPL establish a preliminary campaign goal of up to $4 million net) and that the goal be reassessed six months into the campaign.1 The feasibility study measured support for the construction of a new 130,000 square foot library. It did not test reactions to the renovation and expansion options presented to Council in May 2008. Although option 3 renovation and 54,400 square foot addition} provides greater benefits to the community, in terms of potential donors, the overall case for support is the same for options 2 renovation and 30,000 square foot addition) and 3. Any fundraising program has an element of risk or uncertainty related to the ultimate attainment of the campaign goal. As such, it would be advisable to clearly define the parameters of the fundraising program prior to proceeding with the tendering of the construction phase of the project. These parameters may include considerations such as a contingency plan in the event the campaign fails to achieve its goal (e.g., potential scope reductions, deferral of certain elements, etc.}. Funding Option 2 -Issue Tax-Supported Debt or Increase Contributions from Current The City of Kitchener has an investment philosophy that ensures that any increases in debt charges from one year to the next do not exceed assessment growth. As well, the overall contribution from the tax base through taxes and debt charges will not increase more than assessment growth plus inflation from one year to the next. This philosophy has ensured that the impact on the taxpayer does not exceed inflation and that the City must prioritize projects to fit the funding available. The impact of this policy is that the City does not have the flexibility to issue additional debt or fund additional capital amounts from the tax base. Appendix "C"shows the projected inflows and outflows for the capital funding pool over the next ten years. The first two lines represent debt issuance and contribution from current amounts as outlined in the philosophy. Despite the overall cap on these funding sources, other funding options include adjusting other projects in the capital forecast to provide additional library funding (refer to funding options 3 and 4 below} or delaying the Central Library Project until such time as there is capacity in the capital funding pool prefer to funding option 5 below}. The capital funding pool Appendix "C"} includes additional funding sources from the Hydro and Gas Capital Investment Reserve Funds. Current projections indicate that these Reserve Funds are fully allocated to the current capital program. As such, consideration has not been given to increased transfers from these funds or to the monetization of the underlying investments in the Hydro or Gas Utilities. 1 Previous reports to Council indicated a $5 million fundraising target, which was a gross figure. For budgeting purposes the target should be net of all campaign-related expenses, which are anticipated to be in the range of 20% of gross proceeds. 3 Funding Option 3 -Adjust KPL's Capital Forecast A review of KPL's 2008-2017 capital forecast identified the potential of reallocating $1.15 million to the Central Library project, $450,000 in 2012, $500,000 in 2013 and $200,000 in 2014. This would result in delays to two other major projects, Phase 2 of the RFID project self check-in} and the automation system replacement. However, neither delay would outweigh the impact of delaying the Central Library project. Based on the experience of other libraries, KPL anticipates significant increases in circulation upon completion of the building project. Delaying self check-in will reduce KPL's capacity to handle these increases with existing staffing levels. Potential risks are slower turnaround for library customers and increased risk of repetitive strain injuries for staff. Delaying the automation system replacement project would require KPL to remain with its current vendor. While this delay would postpone the implementation of new technologies and possibly a more robust system, the current system would provide adequate support for core library functions. However, the server would need to be replaced in 2013 with costs being covered by the Technology Upgrade account. The two delayed projects will be reintroduced into the capital forecast and subject to Council's approval, the automation system replacement in 2018-2019 to coincide with the five year replacement cycle for the server and self check-in in 2020. The risk in this approach is there is no assurance that either project would be approved when reintroduced into the budget process. Some of the Central Library project expenditures associated with collections, furnishings and equipment could be delayed until 2013-2014 to align with the funding capacity created by the deferrals identified above. While this would reduce the size of the collection and number of PCs on opening day, phasing ingrowth in these areas would be a workable solution. Funding Option 4 -Adjust Other City Capital Projects The approved capital target in Appendix "C" shows that the capital pool is fully allocated between 2008 and 2014. If the Central Library Project were to proceed in the 2010 to 2012 timeframe as currently envisioned, Council could consider deferring or eliminating other capital projects funded out of the capital pool. To illustrate which projects would potentially be affected, staff has summarized all projects with capital pool funding values between 2009 and 2013 in excess of $500,000 in Appendix "D". This list excludes all projects funded within the accelerated infrastructure program, which has a capital out of current allocation of $4.16 million in 2008. If this option is supported by Council, staff would require direction with respect to specific projects for adjustment. Funding Option 5 -Delay the Central Library Project The approved capital target in Appendix "C" shows that there is limited capacity within the capital funding pool in 2014, with some capacity existing in 2016 and beyond. The total amount of capacity in the approved forecast is $15.1 million. Council could consider delaying the Library project and funding some of the shortfall from this capacity. The following cautions are offered with respect to this option: Inflation will have the effect of increasing construction costs and, by extension, the projected funding shortfall. To illustrate, if the funding shortfall for the phased option 3 4 were simply inflated at a rate of 5% to 2017 it would grow from $26.7 million to $37.6 million, representing an increase of $10.9 million. The funding solution would need to take this into account.2 Other priorities may not yet be reflected in the capital forecast and these should be taken into consideration before allocating current capacity. For example, the 2008 capital budget presentation identified the fact that the forecast does not currently include funding for the development of the outdoor components of the South Kitchener Park, construction of additional parking facilities, or costs for phase II of Williamsburg Cemetery. In addition, the accelerated infrastructure program is currently under-funded beyond 2008. The value of these items would exceed any available funding by a significant margin. In addition, the original Central Library business case and the May 12 KPL report provide the following rationale in support of not deferring the Central Library project: The need for an expanded central library was first identified in 1999. The current library was built in 1962 and no longer adequately meets the needs of Kitchener's growing resident population. The expansion and renovation are needed to adequately handle community library support, population growth, changing demographics, emerging technologies and the need for increased literacy, including technological literacy. The Main Library is a 46 year old building that averages 1,000 visits a day, making it one of the City's busiest facilities. The facility is crowded and dated. Its narrow aisles and layout present challenges to people with disabilities. It lacks energy efficient lighting, windows and systems. Its cabling and electrical systems are inadequate for the new technologies people expect at a public library. In anticipation of a capital building project, in recent years, furniture purchases and repairs and improvements have been delayed and excluded from KPL's capital forecast. Many of the building systems and much of the furniture earmarked for repair or replacement have already exceeded the normal lifespan. As a result, further delays in the Central Library project would necessitate an investment of $3 million to $4 million in repairs, upgrades and replacements. Funding Option 6 -Grants Capital Grants Staff researched potential sources of grant funding for library capital projects, contacted libraries which have recently undertaken capital projects and explored funding sources. The four primary capital grant funding opportunities were through the Ontario Ministry of Culture, the Municipal Infrastructure Investment Initiative, the recently-announced Building Canada Fund and the Investing in Ontario Act grant. Opportunities for grant funding from the Ontario Ministry of Culture were primarily available for program or service-based projects and not capital building initiatives. Several approved capital library projects have received funding through the Municipal Infrastructure Investment Initiative (M13). Funding has been in the range of $0.2 million to $3.6 million. The City of Ottawa received $20 million for a Central Archives and Library Technical 2 It is assumed that existing funding sources ~e.g., the EDIF contribution) would be inflated by the same rate over the same time period. If this were not the case, the funding shortfall would be even greater. 5 Service Facility with the bulk of the funds supporting the Central Archives rather than the Ottawa Public Library. There is no indication at present that there will be another intake of applications under this program as it was announced as one-time funding. The Building Canada Fund (BCF) will total $8.8 billion over seven years and is focused on projects that deliver economic, environmental, and social benefits. The priority funding categories are the Core National Highway System Routes, Drinking Water, Wastewater, Public Transit and Green Energy. Other eligible investment priority areas include environmental projects Solid Waste Management}, projects that support economic growth and development (Short-line Rail and Short-sea Shipping, Connectivity and Broadband, Tourism and Regional and Local Airports), as well as projects that contribute to the ongoing development of safe and strong communities (Disaster Mitigation, Culture, Sport, Local Roads and Bridges, and Brownfield Redevelopment). The BCF Culture component is designed to help communities express, preserve, develop and promote their culture and/or heritage, including facilities. While public libraries are not specifically mentioned in the Cultural component of the BCF program, they are not excluded. Examples provided so far include, museums, art galleries, theatres and opera houses. The Federal government will update the eligible projects list as details of the funding program become available. The program will operate through two components: the Major Infrastructure Component (MIC} and the Communities Component. The MIC will target larger, strategic projects of national and regional significance. Projects under the MIC will be selected on the basis of merit through afederal-provincial/territorial negotiation process and all projects will be required to meet criteria targeting environmental, economic and quality of life objectives regardless of the category. Innovative technologies and partnerships will also be emphasized. The Communities Component is focused on projects in communities with populations of less than 100,000. On August 25, the Province announced that the City of Kitchener will receive $9.8 million for investments in municipal infrastructure to "improve roads and bridges, expand public transit and build other municipal projects". Through the 2009 budget process, the City will prioritize the list of unfunded infrastructure projects and allocate the funding. The City has previously quantified the funding shortfall for roads, water and sewer infrastructure and has advocated for this type of grant funding as a remedy to address the shortfall. Opportunities for _. eneral capital project grant funding are limited. If the Government of Ontario offers another intake for the Municipal Infrastructure Investment Initiative, the City of Kitchener could consider prioritizing the Central Library project for this funding. In addition, the City could give consideration to submitting an application through the Building Canada Fund as details become available. Identifying the Central Library Project as a priority for grant funding would limit the City's ability to fund other significant projects which are currently not included in the capital forecast such as parking solutions, South Kitchener Park development, additional infrastructure works to address the City's infrastructure deficit, etc. Approval of a construction option contingent upon grant funding for a shortfall may also result in unacceptable delays to the project. Energy Efficiency/Energy Conservation There are a number of potential sources of grant funding to assist KPL with achieving LEED certification for the library renovation and expansion project. The primary sources of funding are through the Federation of Canadian Municipalities ~FCM} -Green Municipal Fund, and the Ontario Power Authority. 6 The FCM's Green Municipal Fund provides loans and grants to support municipal governments in developing communities that are more environmentally, socially and economically sustainable. Funding for feasibility studies is available in the form of a grant up to 50% of the study cost. The Winnipeg Public Library's expansion and renovation project received a $50,000 grant for a study to identify opportunities to reduce annual energy consumption. The Ontario Power Authority in co-operation with Kitchener-Wilmot Hydro and Enbridge offers an electricity retrofit and incentive program and a new construction program for projects that reduce electricity demand and incorporate conservation measures. The amount of the incentive is typically based on the number of kilowatt hours saved. The High Performance New Construction program offers up to $10,000 for energy modeling costs and $10,000 to no upper limit for implementation of energy efficient measures identified by the energy modelling. KPL's Central Library project would likely qualify for some energy efficiency or conservation grant funding. Without a detailed design and energy modelling it is not possible to estimate the level of funding. In addition, the funding may simply offset costs that are not currently envisioned in the project budget. Funding Option 7 -Development Charges In preparing the current X2004} Development Charges background study Staff reviewed the past ten years of service provided by KPL in terms of square footage of libraries, hectares of land and number of resource materials, to establish an average service level. This amounted to $250.30 per capita. This service level was then applied to the expected ten year population growth to arrive at the maximum amount of funding that could be applied to Library projects over the next ten years, resulting in a total of $7.6 million. Library services are considered by the Development Charges Act to require a 10% reduction in their capital cost recovery, which is not included in the total above. The only growth related project that was in the capital forecast, at the time, was the Country Hills Community Library in the amount of $1.8 million. As such, the Library portion of the City's 2004 DC bylaw and Development Charge rates was based on recovering only the costs related to the creation of that branch library, which were well below the maximum amount of funding available. Much of the justification for the expansion of the Central Library is population growth. As such, a portion of the project cost could be funded out of development charges. Preliminary analysis suggests that the amount of funding available from development charges for either of the expansion options would be approximately $6.5 million. Renovations only option 1) would not likely qualify for significant development charges funding as there is only a modest increase in square footage associated with this option. The 2008 capital forecast includes provision for a community library in the south end of the City in 2015 and 2016, estimated to cost $10 million with $9 million of this amount attributed to development charges. In light of the cap on development charges revenue for library projects over aten-year period, the impact of allocating funding to the Central Library would be that funding would not be available for the south end library. This would result in a delay in that project or the need to fund growth related costs through tax-based contributions. The City will be preparing a new background study and by-law in 2009. Forecast growth-related expenditures for a Central Library could be included at that time, subject to Council direction and provided they are within the funding limit prescribed by legislation. 7 Funding Option 8 -Advance the Operating Budget Increase Projections prepared by KPL staff indicate that the increased permanent operating costs for a renovated or expanded Central Library would be as follows in 2010 dollars (for details refer to Appendix "E"): Option 1- Renovation only $ 299,000 (0.3% of levy) Option 2 - Renovation and 30,000 square foot addition $ 817,000 (0.9% of levy) Option 3 - Renovation and 54,400 square foot addition $1,221,000 (1.4% of levy) If the actual amount of the operating budget increase were allocated to the first year of construction as opposed to the year of completion, the additional funding could be used to offset the ogeratinq costs of ghasinq construction or leasing a temporary location that are currently included in the construction estimates (column D). Approach to Annual Funding Created Increased Balance of Operations Operating by Advancing Operating Costs Operating Costs During Budget Increase Permanent During During Construction for Option at Budget Increase Construction Construction not Completion by 2 Years Over 2 Years Funded A B C(=Bx2) D E Phased - O tion 1 $299,000 $598,000 $(1,623,000) $(1,025,000) Phased - O tion 2 X81 x,000 $1,634,000 $(1,966,000) $(332,000) Phased - O tion 3 $1,221,000 $2,442,000 $(2,360,000) $82,000 Relocate - O tion 1 $299,000 $598,000 $(4,096,000) $(3,498,000) Relocate - O tion 2 $81,000 $1,634,000 $(4,096,000) $(2,462,000) Relocate - O tion 3 $1,221,000 $2,442,000 $(4,096,000) $(1,654,000) The 2008 operating budget projection anticipated an operating budget increase for a Central Library of $1,659,000 in 2011. This figure has been refined as part of the development of the May 12 report to Council. If the capital project were to proceed in 2010, the budget could be advanced to provide project funding at a lower amount than originally anticipated for 2011. It is important to note that support for this approach would result in apre-commitment to the levy increase identified above X0.3% to 1.4% depending on the option} as of 2010. Funding Option 9 - Reduction of Parking Spaces To accommodate both the public and staff the KPL Board's May 12, 2008 report assumed that 200 parking spaces would be provided at the Central Library. Since this exceeds the minimum required by City of Kitchener bylaws, project costs could be lowered by reducing the number of spaces to the minimum legally requried. The tables below illustrate the potential savings. 8 0 Lion 1 p Option 2 Option 3 Minimum Parking Requirements Renovation Renovation and 30 000 sf Renovation and 54 400 sf Only Addition ' Addition Number of new spaces required 21 112 153 N u m ber of spaces ~ $40, 000/spot $840, 000 $4, 480, 000 $6,120, 000 Escalation $69,000 $365,000 $500,000 Total Minimum Parking $909,000 $4,845,000 $6,620,000 Library parking requirement $6,490, 000 $8, 653, 000 $8, 653, 000 Potential Saving $5,581,000 $3,808,000 $2,033,000 It is estimated that 16,000 to 20,000 square feet would be available for excavation in the existing parking lot. Various factors, including the building footprint, ramping, and column spacing will influence the number of underground parking spaces possible. An estimated 40 to 50 spaces per level of underground parking may be possible if the spaces were to be built in conjunction with the KPL building. Underground parking was not explored in detail with the architects. However, in an early concept the architect showed 36 underground parking spaces on one level. The resolution of the actual parking count and design concept is a key consideration in proceeding with the Central Library project. The timing of other potential parking developments within the Civic District is unclear and may not be resolved in the project timeline envisioned for the Central Library. As a result, consideration may need to be given to maximizing the number of parking spaces within the library expansion and holding cash-in-lieu for any parking shortfall to be used to augment future parking developments in the vicinity. It may be possible to construct library parking in such a way as to permit a possible future connection to a larger parking development within the Civic District. Based on preliminary analysis, it appears that the majority of the spaces required for option 2 could be accommodated on two levels of underground parking within the library expansion. For option three, it is likely that a portion would need to be accommodated in an off-site development funded through acash-in-lieu contribution). This assumption would be evaluated as part of the detailed design phase. In keeping with the City of Kitchener Transportation Demand Management TDM) program, consideration should be given to strategies that encourage greater use of sustainable modes of transportation. TDM is a wide range of policies, programs, services, and products that affect whether, why, when, where, and how people travel. Successful, long term implementation of TDM strategies could reduce parking demand for the Central Library. A reduction in parking, especially for a use that generates public demand, is difficult to quantify. TDM works more effectively, and is easier to measure, for the work trip where alternate travel modes are easier to implement. It is also a longer term initiative as it requires a paradigm shift in people's attitudes about travel choices. 9 Funding Option 10 -Parking Revenue The City of Kitchener's capital investment philosophy discussed in option 2 above provides for debt financing for projects which have a business plan showing revenues generated over a reasonable "pay back period" covering the capital cost and interest of the project. Preliminary analysis shows that approximately 50% of parking construction costs may be recovered through parking revenues, assuming the construction costs for parking are debentured over a 20-year period. This level of cost recovery is not consistent with the business case requirement for exceptions to the capital investment philosophy and as such, this funding approach is not recommended. Funding Option 11-Modify Design Features to Fit Within Available Funding The final option which remains as a strategy to advance the Central Library project is to make design modifications to bring project costs in line with available funding. If direction were to be given in this area, the architect could develop scenarios to achieve the savings target during the detailed design phase. 10 FINANCIAL IMPLICATIONS: The following table summarizes the feasible options available to fund the shortfall on the Central Library project: Fundin 0 Lion g p Option 2 - 30,000 sq ft expansion Option 3 - 54,400 sq ft expansion LOW HIGH LOW HIGH Fundraising $2, 000, 000 $4, 000, 000 $2, 000, 000 $4, 000, 000 Tax-supported debt orincrease c/c - - - - Adjust KPL's capital forecast $1,150,000 $1,150,000 $1,150,000 $1,150,000 Adjust other City capital projects - - - - Delaythe Central Library project - - - - Grants - - - - Development charges $0 $6,500,000 $0 $6,500,000 Advance operating budget increase $1,634,000 $1,634,000 $2,442,000 $2,442,000 Reduction of parking spaces $3, 808, 000 $3, 808, 000 $2, 033, 000 $2, 033, 000 Parking revenue - - - - Modify Design Features TBD TBD TBD TBD Potential Funding $8,592,000 $17,092,000 $7,625,000 $16,125,000 When these potential funding ranges are applied to the original shortfalls for the two construction options, a projected residual shortfall can be calculated as shown in the final column below: Construction Approach to Ori final Pro~ect g ~ Range of Amount of Projected Residual Option Operations ~ Funding Shortfall Potential Potential Shortfall) purin Pro ect g ~ Fundin g Fundin g (Surplus) Low $8,592,000 $5,656,000 L $14 248 000 0 tion 2 - p ease , , High $17,092,000 $(2,844,000 ft 30 000 , sq expansion Ph $12 120 000 Low $8,592,000 $3,528,000 ase , , High $17,092,000 $(4,972,000 Low $7, 625, 000 $20,192,000 L $27 817 000 0 tion 3 - p ease , , High $16,125,000 $11,692,000 54 400 ft , sq expansion Ph 131 $26 000 Low $7,625,000 $18,506,000 ase , , High $16,125,000 $10,006,000 This summary indicates that there are likely scenarios under which option 2 may be funded, but a significant shortfall remains for option 3 under any scenario. The KPL Board, by way of separate report, has proposed a financial plan for Council's consideration utilizing this analysis. 11 COMMUNICATIONS: City and KPL staff met on multiple occasions to discuss funding options and formulate this report. KPL staff discussed funding options with the Facilities Planning and Building Committee of the KPL Board on August 14 and with the KPL Board on August 20. This report was provided to the KPL Board for review in advance of the September 17 Board meeting. ATTACHMENTS: Appendix A -Central Library Project Estimated Costs -Leased Facility During Construction Appendix B -Central Library Project Estimated Costs -Phased Construction Appendix C -Approved 2008 Capital Target Appendix D -Capital Projects in Excess of $500,000 (2009-2013) Appendix E -Projected Operating Budget Increases Dan Chapman, CA MPA Sonia Lewis General Manager of Financial Services CEO, Kitchener Public Library 12 APPENDIX A CENTRAL LIBRARY PROJECT ESTIMATED COSTS LEASED FACILITY DURING CONSTRUCTION (CONSTRUCTION START 2010) Total Project Costs Option 1 Renovation Only Option 2 Renovation and 30,000 sf Addition Option 3 Renovation and 54,400 sf Addition Library Construction and Contingency Costs * $ 14,139,000 $ 21,000,000 $ 28,878,000 LEED Gold * $ 1,060,000 $ 1,575,000 $ 2,166,000 Site and Contingency Costs * $ 649,000 $ 911,000 $ 983,000 Subtotal Building Costs $ 15,848,000 $ 23,486,000 $ 32,027,000 Professional and Design Fees * $ 1,414,000 $ 2,100,000 $ 2,888,000 Project Manager * $ 283,000 $ 420,000 $ 578,000 LEED Registration and Certification ° $ 50,000 $ 50,000 $ 50,000 LEED Consulting Fees ° $ 85,000 $ 85,000 $ 85,000 Public Art $ 300,000 $ 300,000 $ 300,000 Furnishin slE ui ment/Technolo $ 1,414,000 $ 2,786,000 $ 4,357,000 Library Collection Growth ° $ 400,000 $ 1,000,000 $ 2,100,000 Subtotal Fees, Equipment, Collections $ 3,946,000 $ 6,741,000 $ 10,358,000 Leased Temporary Location ° $ 1,260,000 $ 1,260,000 $ 1,260,000 Leasehold Improvements and Contingency Costs ° $ 1,920,000 $ 1,920,000 $ 1,920,000 Storage Costs ° $ 516,000 $ 516,000 $ 516,000 Moving Costs ° $ 400,000 $ 400,000 $ 400,000 Subtotal Operations during Construction $ 4,096,000 $ 4,096,000 $ 4,096,000 * Construction Escalation $ 2,345,000 $ 3,561,000 $ 4,927,000 ° Inflationary Increase $ 187,000 $ 211,000 $ 256,000 Subtotal Escalation and Inflation $ 2,532,000 $ 3,772,000 $ 5,183,000 Parking and Contingency Costs ~ $ 6,000,000 $ 8,000,000 $ 8,000,000 Parking Escalation ~ $ 490,000 $ 653,000 $ 653,000 Subtotal Parking Costs $ 6,490,0 $ 8,653,000 $ 8,653,000 Total Estimated Project Cost $ 32,912,0 $ 46,748,000 $ 60,317,000 Possible Range Low - 20% $ 26,329,600 $ 37,398,000 $ 48,254,000 High +20% $ 39,494,400 $ 56,098,000 $ 72,380,000 * Construction Escalation: 6% per year escalation applied to construction costs and reflected in costs expressed as a percentage of construction costs. ° Inflationary Increase: 2% per year applied for inflation. ~ Parking: Cost per space reflects city staff parking guidelines and includes a 4% escalation per year. Central Library Project Funding Shortfall -Leased Facility During Construction Option 1 Option 2 Option 3 Costs/Funding Sources Renovation Only Renovation and Renovation and 30,000 sf Addition 54,400 sf Addition Total Estimated Project Cost $ 32,912,000 $ 46,748,000 $ 60,317,000 ED IF $ 32,500,000 $ 32,500,000 $ 32,500,000 Funding Shortfall $412,000 $ 14,248,000 $ 27,817,000 13 APPENDIX B CENTRAL LIBRARY PROJECT ESTIMATED COSTS PHASED CONSTRUCTION (CONSTRUCTION START 2010) Total Project Costs Option 1 Renovation Only Option 2 Renovation and 30,000 sf Addition Option 3 Renovation and 54,400 sf Addition Library Construction and Contingency Costs * $ 14,139,000 $ 21,000,000 $ 28,878,000 LEED Gold * $ 1,060,000 $ 1,575,000 $ 2,166,000 Site and Contingency Costs * $ 649,000 $ 911,000 $ 983,000 Subtotal Building Costs $ 15,848,000 $ 23,486,000 $ 32,027,000 Professional and Desi n Fees * $ 1,414,000 $ 2,100,000 $ 2,888,000 Project Manager * $ 283,000 $ 420,000 $ 578,000 LEED Registration and Certification ° $ 50,000 $ 50,000 $ 50,000 LEED Consulting Fees ° $ 85,000 $ 85,000 $ 85,000 Public Art $ 300,000 $ 300,000 $ 300,000 Furnishings/Equipment/Technology * $ 1,414,000 $ 2,786,000 $ 4,357,000 Library Collection Growth ° $ 400,000 $ 1,000,000 $ 2,100,000 Subtotal Fees, Equipment, Collections $ 3,946,0 $ 6,741,000 $ 10,358,000 Project Phasing * $ 707,000 $ 1,050,000 $ 1,444,000 Storage Costs ° $ 516,000 $ 516,000 $ 516,000 Moving Costs ° $ 400,000 $ 400,000 $ 400,000 Subtotal Operations during Construction $ 1,623,000 $ 1,966,000 $ 2,360,000 * Construction Escalation $ 2,432,000 $ 3,691,000 $ 5,105,000 ° In lationary Increase $ 59,000 $ 83,000 $ 128,000 Subtotal Escalation and Inflation $ 2,491,000 $ 3,774,000 $ 5,233,000 Parking and Contingency Costs ~ $ 6,000,000 $ 8,000,000 $ 8,000,000 Parking Escalation ~ $ 490,000 $ 653,000 $ 653,000 Subtotal Parking Costs $ 6,490,0 $ 8,653,000 $ 8,653,000 Total Estimated Project Cost $ 30,398,0 $ 44,620,000 $ 58,631,000 Possible Range Low - 20% High +20% 24,318,000 $ 35,696,000 $ 46,905,000 36,478,000 $ 53,544,000 $ 70,357,000 * Construction Escalation: 6% per year escalation applied to construction costs and reflected in costs expressed as a percentage of construction costs. ° Inflationary Increase: 2% per year applied for inflation. ~ Parking: Cost per space reflects city staff parking guidelines and includes a 4% escalation per year. Central Library Project Funding Shortfall -Phased Construction Option 1 Option 2 Option 3 Costs/Funding Sources Renovation Only Renovation and Renovation and 30,000 sf Addition 54,400 sf Addition Total Estimated Project Cost $ 30,398,000 $ 44,620,000 $ 58,631,000 ED IF $ 32,500,000 $ 32,500,000 $ 32,500,000 Funding Shortfalll~Surplus} (-$2,102,000) $ 12,120,000 $ 26,131,000 14 _ (D Ln T Ln 0 0~ O O ~ N tND 0~0 ~ ~ 0~0 0~0 ~ ~ ~ (~ O N ~ ~ (~D O 000 T (~ N N ~ ~ O O ~ ~ ~ ~ D ( C 0 r NO T ~ ~ ~ T ~ I~ N T T N T T O O T T O ~ N N a0 ~ ~ ' oD ~ N O N T C') ~ ~ CV 00 ~ N T T N T f~ ~ T O O T CO Ln N O tD (D O O CO O CD r O Ln (D Ln Ln ' tD Lf) TO T ~ ~ N T T N N T 00 d7 O O O ~ Ln ~ 0 ~ ~ O ~ ~ ~ O r 0 0 L L ' N ., TO ., ~ ~ O T T N ('0 N 00 0 0 ~ N N O O N T 0 0 T C'0 C'0 ~ ~ C'7 C'~ Ln Lf) O C'~ C'7 O T 0 T ~~ CV N N N T T (~ f~ ~ T O O C4 f~ ~ ('7 tD N N 0 0 00 O 00 N r ~ ~ T 0 Ln Ln OD ~ N Nao T ~~ T ~ ~ 0 N O 0 0 O O T 00 r ~ N ~ ~ r O N ~ L~ C 0 0 O N ~/~ M^ P~ OV M M ~} ~} V V T M ~' J M ~' J T T (~ C7 00 O ~ ~ O T C'0 C'0 O O r O (D I~ ~ ~ T f~ f~ O f~ f~ ~ t0 ~ T f~ ., f~ N T T (~ ~ O f~ T OO O O Ln C'0 C'0 O ON T O ~ d7 ~ ~ O N f~ O O 00 O 00 00 N T T T N C7 0 0 0 0 ('0 C'0 O O O ~ 0 0 ~ ~ ~ O 0 0 0 0 0 0 0 0 t 0 O O N ~ tD O O ~ O tD CO C'0 C'0 r W r V ~ ~ ~ ~ ~ ~ J ~i ~ i ~ y a ~~ a ~~ _ ~ ~~ °° ~ ~~ ~ ~ ~ _ ~ i * '' ~ ~ ~ N ~~ ~~ ~ c~ > Q ~W yV y a ~= o ~ o -*'' yp ' ~ N ~~ ~ 0 ` ' Z O N ~ a a ~v' - a a~ W~ ~ c~ vo~co ~ R ° as ~~ ~a~ as o r~ w a a ~ ~, o~ c~=~ o a Ln T APPENDIX D CAPITAL PROJECTS IN EXCESS OF $500,000 (2009-2013) Note: The following represents the "capital out of current" balance only ~i.e., excludes other funding sources} PROJECT # PROJECT NAME 2009 2010 2011 2012 2013 TOTAL a7010104a ECONOMIC DEVELOPMENT INVESTMENT FUND 10,954,x00 11,121,aa0 11,329,OOa 11,586,000 12,014,000 57,0x4,000 5x0201016 CONSOLIDATED MAINTENANCE FACILITY 5,231,49a 5,x51,380 7,871,570 2,771,290 (380) 2x,925,350 4x0101007 FIRE- MAJOR EQUIPMENTIFLEET 1,7a8,0aa 1,743,aa0 1,777,aa0 1,813,000 1,849,000 8,89x,000 6x0901001 NEW INDOOR POOL 2,089,340 2,281,931 4,371,271 8x0404019 GRAND RIVER -EROSION CONTROL 2,292,Oaa 2,a38,aa0 4,33x,000 7x1201008 ENVIRONMENTAL REMEDIATION 32a,0aa 32a,00a 1,OOa,00a 1,2aa,000 1,200,000 4,040,000 620304007 KINGSDALE CC 2,881,x00 2,881,000 6x1101016 COMMUNITY CENTRE 2,565,373 2,565,373 8x0501002 DUKE/ONTARIOGARAGEREPAIRS-DT 1,07a,00a 1,1aa,000 2,170,000 8a040400a KOLB DRAIN/SMETANA TO ROTNSAY 1,86a,30a 1,86x,300 6x0609001 GENERAL PARK DEVELOPMENT 3a4,0aa 352,aaa 359,aaa 349,000 352,000 1,716,000 8x0404018 SCNNEIDER CREEK CHANNEL 825,60a 845,000 1,670,600 8a040600a STREET LIGHTING 309,x00 315,aa0 324,OOa 33x,000 337,000 1,615,000 8x0405012 WABANAKI DR/WILSON TO FAIRWAY RD 1,545,2x2 1,545,202 5x0201011 ROOF -GENERAL PROVISION 315,165 176,015 62x,115 231,865 134,415 1,477,575 2x0201002 COMPUTER INFRASTRUCTURE PROVISION 27a,2aa 275,1x0 2$2,4x0 2$$,160 293,889 1,4x9,749 6a060900a COMMUNITY TRAILS 252,Oaa 282,OOa 287,OOa 277,000 27$,000 1,376,000 3x0501005 ENHANCEMENTS TO TAXIUTILITY SYSTEM 255,Oaa 255,aa0 255,aa0 255,000 255,000 1,275,000 150501001 BROWNFIELD CI PROGRAM TIF 254,812 254,812 254,812 254,812 254,812 1,274,060 x90102021 RADIO FREQUENCYTECNNOLOGY 24a,0aa 23a,aaa 23a,aaa 45x,000 1,150,000 5x0201041 COMMUNITY CENTRES -MAINTENANCE 167,059 305,524 162,756 167,446 172,309 975,094 6x0609002 MAJOR PARK DEVELOPMENT 189,Oaa 189,OOa 194,OOa 197,000 20x,000 969,000 5x0203005 CITY HALL COMPLEX -MICE 185,34a 189,055 192,846 196,715 200,663 964,619 2a0201aaa SOFTWARE 229,800 233,aa0 149,aaa 152,000 154,000 917,800 620910004 NATURAL AREA STEWARDSHIPICONSERV 169,Oaa 18a,aa0 181,aa0 187,000 188,000 9x5,000 5a020102a AUDITORIUM -MTCE 167,26$ 17x,614 174,026 177,506 1$1,056 870,470 a7010100a GENERAL CAPITAL CONTINGENCY 164,3aa 167,20a 171,10a 174,000 177,900 854,500 x90102003 TECNNOLOGYUPGRADE 17a,0aa 196,OOa 152,OOa 155,040 15$,141 831,181 3x0701001 WREPNET FIBRE PROJECT 13$,$$7 142,167 145,422 14$,420 25x,937 825,833 6x0609005 PLAYGROUND FEATURES 145,Oaa 154,OOa 172,OOa 175,000 179,000 825,000 5a040100a EQUIP ACQUISITIONS & UPGRADES 154,682 157,$65 160,911 160,910 163,922 798,290 5x0201012 CITYNALL RENOSIGENERAL PROVISION 155,22a 157,243 159,4x8 161,616 163,768 797,255 7x0101022 DOWNTOWN INCENTIVES FUNDING - DT 139,6aa 99,6x0 99,6x0 314,600 99,600 753,000 8x0405001 RECONSTRUCT VARIOUS CITY STREETS 133,Oaa 135,aa0 138,aa0 14x,000 143,000 689,000 x70101046 DELTA PROJECT 639,915 639,915 35060100a CITS -GENERAL PROVISION 122,039 124,48a 126,969 129,509 132,099 635,096 7x1205059 SLURRY SEAL 120,x00 122,aa0 124,OOa 127,000 13x,000 623,000 7x1204009 WARDS POND & STRASBURG CREEK 3aa,0aa 30a,00a 600,000 6x1303016 MCLENNAN PARK SITE DEVELOPMENT 596,6aa 596,600 5x0201013 MARKET -MTCE - DT 11 a,4a8 112,616 114,$68 117,166 119,509 574,567 7x0201005 URBAN DESIGN IMPROVEMENTS 1 a8,0aa 11 a,00a 113,OOa 115,000 117,000 563,000 62091201 a SKATEBOARD PARKS 50,aa0 5a0,aa0 55x,000 x70101035 CAPITAL PROJECT COSTING FUND 1a5,0aa 106,90a 109,80a 111,800 113,700 547,200 4x0101009 FIRE CAPITAL EQUIPMENTINALLS 99,1aa 101,10a 103,OOa 1x5,360 127,000 535,560 7x1206002 TRAFFIC CALMING 103,x00 1a5,aa0 107,OOa 1x9,000 111,000 535,000 7x1205093 JUBILEE DR - PARK TO COURTLAND SR 33,5aa 50a,aa0 533,500 5a020100a E N ERGY MA NAG E MEN T 1 aa, 814 102, $31 104, $$7 1x6,985 109,125 524,642 7x1204007 HURON BUSINESS POND 2 RETROFIT 523,20a 523,200 8x0405003 MAJOR SIDEWALK REPAIRIREPLACE 89,Oaa 101,OOa 103,OOa 1x6,000 108,000 507,000 x90102027 AUTOMATION SYSTEM REPLACEMENT 50x,000 5aa,000 16 APPENDIX E PROJECTED OPERATING BUDGET INCREASES Additional Operating Costs 0 tion 1 p Renovation Only Option 2 Renovation and 30,000 sf Addition Option 3 Renovation and 54,400 sf Addition Central Librar Staffin Costs $ 189,000 $ 501,000 $ 703,000 2 FTE 8 FTE 12.5 FTE Subtotal Staffin Costs $ 189,000 $ 501,000 $ 703,000 Ener Costs - $ 60,000 $ 109,000 Buildin Maintenance Costs $ 38,000 $ 116,000 $ 180,000 Com uter/Network Costs $ 34,000 $ 68,000 $ 96,000 Administration/Business Expenses $ 18,000 $ 22,000 $ 25,000 Subtotal Building Operating/Maintenance Costs $ 90,000 $ 266,000 $ 410,000 Collection Maintenance Costs $ 20,000 $ 50,000 $ 108,000 Subtotal Collection Costs $ 20,000 $ 50,000 $ 108,000 Net Impact $ 299,000 $ 817,000 $ 1,221,000 All costs are expressed in 2010 dollars and include a 3% annual inflationary factor. Staffing Costs: Include costs for growth in staffing levels to handle increased service demands, enhanced program and service delivery, expanded resources, including computer resources, and improved building security. Building Operating/Maintenance Costs: Include increased costs associated with building contracts, building supplies, cleaning services, building repairs and computer network charges in a renovated and/or expanded library building. Collection Maintenance Costs: The Main Library collection budget is currently allocated at 40% of the total library system collection budget. To allow for continued collection growth and development at the Main Library, and to ensure adequate collection budget allocation to the community libraries, an increase in the ongoing operational costs for Main Library collections is required. 17 KITCHENER Pl1BLIC LIBRARY Report To: Councillor Berry Vrbanovic, Chair and Members of Finance and Corporate Services Date of Meeting: September 29, 2008 Submitted By: Kitchener Public Library Board Prepared By: Sonia Lewis, CEO, Kitchener Public Library Ward(s) Involved: All Date of Report: September 17, 2008 Subject: CENTRAL LIBRARY FUNDING OPTIONS RECOMMENDATIONS: In light of the analysis of funding options for the central library project developed by City Finance and Kitchener Public Library (KPL) staff as outlined in FIN-08-097, the Kitchener Public Library Board recommends: That a preliminary capital budget of $39,812,000 be approved for a modified "option 2 (phased}" Central Library project, funded as follows: Cost Reduction Strategies Reduction in Parkin Costs $3,808,000 Modification of Desi n Features $1,000,000 Total Cost Reductions $4,808,000 Revised Project Costs after Reductions Ori final Project Costs in 2010 dollars $44,620,000 Cost Reductions $4,808,000 Revised Project Costs $39,812,000 Funding Sources Economic Develo meet Investment Fund $32,500,000 Fundraisin $4,000,000 Deferral of Other KPL Capital Projects $1,150,000 Develo meet Char es $528,000 Advancement of KPL Operating Budget total for 2 ears $1,634,000 Total Funding $39,812,000 That the approved capital forecast be adjusted by reallocating $1.15 million to the central library project, $450,000 in 2012 from phase 2 of the Radio Frequency Identification Technology project, and $500,000 in 2013 and $200,000 in 2014 from the Library Automation System Replacement project; and, That an addition of $500,000 for the Library Automation System Replacement be referred to the 2009 capital budget process for inclusion in KPL's 2018 capital forecast; and, That Council direct City Finance staff to include forecast growth related expenditures for a central library in the 2009 Development Charges background study; and, That $817,000 be allocated to KPL's base budget in the 2010 operating budget projection to offset phasing costs during construction; and, That Council approve an advancement of $1.1 million from the Economic Development Investment Fund from 2010 to 2009 for pre-construction funding; and, That, working with City Purchasing staff, KPL be authorized to issue separate Requests for Proposals for architectural services and project management consulting, and seek Council's pre-approval of these expenditures prior to awarding the contracts, and, That KPL propose a final construction budget to Council when cost estimates have been further refined during the design phase; and further, That KPL keep Council and the public advised of progress with the project through established channels of communication. BACKGROUND: In an update to the Finance and Corporate Services Committee on May 12, 2008, the Kitchener Public Library Board outlined three options for renovating and expanding the central library. Costs for Option 2, a renovation and 30,000 square foot addition, and Option 3, a renovation and 54,400 square foot addition, exceeded the $32.5 million allocated to the project from the Economic Development Investment Fund. Council directed City and KPL staff to report in September 2008 with funding scenarios to potentially address these shortfalls. FIN-08-097 was prepared in response to Council's direction. It identifies and evaluates eleven potential funding options for the Central Library project. This companion report is based on that 2 analysis and outlines the KPL Board's recommended funding strategy and anticipated timelines for the project. REPORT: Fundina Oations The analysis of funding options undertaken by City Finance and KPL staff concluded that there were likely scenarios under which Option 2 could be funded, but a significant shortfall remained for Option 3 under any scenario. The KPL Board supports this conclusion and recommends that six of the eleven funding options be considered. A seventh option, phasing construction, rather than leasing temporary space during construction is also recommended by the Board. Fundraising The Board is committed to raising $5 million gross for the project. Assuming administrative costs of 20%, this will provide $4 million towards project costs. KPL has recently hired a Development Manager who will focus on planning the capital campaign, including volunteer recruitment. The Board recognizes it lacks a significant history of major fundraising. Prior to issuing the construction tender, the Board will develop parameters for the fundraising program, including a contingency plan to deal with any potential shortfall. Adjust KPL's Capital Forecast Renovating and expanding the central library is a higher priority than implementing self check-in or replacing the library's automation system. In anticipation that these two projects will be reintroduced into the capital forecast at a later date, the central library will be designed to accommodate the future implementation of these technologies. To coincide with the five year replacement of the server the Board proposes reintroducing the system replacement in the 2018-2019 capital forecast. To handle anticipated growth at the central library self check-in will be proposed for inclusion in the 2020 capital forecast. Development Charges For a number of years the KPL Board's capital forecast and strategic plan have identified the need for a both an expanded Main Library and a new southwest Kitchener community library. The need for both projects is driven by population growth. The Board proposes allocating $528,000 in development charges to the central library project, leaving the bulk of the projected development charges for the southwest branch. Following completion of the City's new Development Charges background study and by-law in 2009, the KPL Board will review the preliminary funding plan for the southwest branch as part of the 2010 budget process. 3 Advance the Operating Budget Increase To operate the renovated and expanded central library KPL will require an operating budget increase of $817,000. The Board is seeking Council's approval to advance this funding to 2010 (currently shown for 2011 in the ten-year tax rate projection) to offset the additional operating costs that will be incurred to accommodate phased construction. Over the two years of construction this will contribute $1,634,000 to the additional operating costs associated with phasing construction of the central library project. Following construction, this funding will be allocated to staffing, resources and building costs associated with the larger facility. Reduction of Parking Spaces The number of parking spaces included in the May 2008 cost summary presented to Council exceeds the number required under City bylaws. As a means of reducing costs, the KPL Board proposes budgeting for 112, rather than 200 parking spaces. This would more than double the amount of parking currently provided on site and meet City requirements. As directed by Council's May 21, 2008 resolution, KPL staff continues to work on a joint parking solution with City staff and other organizations located in the Civic District area. The KPL Board recognizes that a joint parking solution may need to be phased, with the library's needs being addressed first. In that case, consideration will be given to designing parking to permit a future connection to a larger parking development within the Civic District. Modify Design Features to Fit Within Available Funding To address the funding shortfall the KPL Board proposes modifying Option 2 during the design phase to reduce construction costs by $1 million. Although other options will be explored with the architect, this could result in reducing the size of the expansion by 5,000 square feet, resulting in a 25,000 square foot addition. Phasing Construction vs. Leasing Temporary Facility Previous reports to Council have identified two approaches to delivering services during construction. Costs for the phased construction approach are lower than the leased facility option. As part of its funding strategy, the Board proposes to phase construction and deliver services from the existing facility. Project Timelines and Process Assuming the funding strategy is approved by early October 2008, the project is anticipated to proceed as outlined below. Construction time is estimated to range from 2-2.5 years. We have assumed the upper limit below. These are preliminary timelines that will be revised as the project progresses. Architect and project management selection activities, prequalification of contractors and tender award will be undertaken in consultation with City Purchasing staff and in accordance with established purchasing policies. Council approval will be sought on financial matters. 4 Activity Projected Timelines Pre are RFP and select ro'ect many er October -December 2008 Pre are RFP and select architect October -December 2008 Seek Board approval of selection and Council approval of funding December 2008 Award contracts Januar 2009 Develop schematic design/detailed design January -September 2009 Prepare contract documents; permit drawings/application October 2009 -April 2010 Pre calif contractors and subcontractors Februar - A ril 2010 Issue and evaluate tender Ma -June 2010 Seek Board and Council a royal June 2010 Award contract Jul 2010 Construct buildin Jul 2010 -December 2012 Commission facilit Januar -Februar 2013 FINANCIAL IMPLICATIONS: Capital Costs When adjusted for inflation, projected costs for the May 2008 version of Option 2 total $44,620,000 if construction is phased. This projection includes all anticipated capital costs, as well as additional operating costs during construction, and assumes a construction start of 2010. The KPL Board's strategy for funding the project includes cost reduction measures and new sources of funding, in addition to the Economic Development Investment Fund. Cost Reduction Strategies Reduction in Parkin Costs $3,808,000 Modification of Design Features $1,000,000 Total Cost Reductions $4,808,000 Revised Project Costs after Reductions Ori final Project Costs in 2010 dollars $44,620,000 Cost Reductions $4,808,000 Revised Project Costs $39,812,000 Funding Sources Economic Develo meet Investment Fund $32,500,000 Fundraising $4,000,000 Deferral of Other KPL Ca ital Pro'ects $1,150,000 Develo meet Char es $528,000 Advancement of KPL Operating Budget total for 2 ears $1,634,000 Total Funding $39,812,000 5 Advancing Funding for Architectural and Project Management Services In order to start construction in 2010, an estimated $1.1 million will be required for architectural and project management services in 2009. This will require Council's approval to advance $1.1 million from the Economic Development Investment Fund from 2010 to 2009 for pre- constructionfunding. Prior to awarding the contracts for these services, KPL will update the estimate based on responses to the Requests for Proposal and seek Council's approval of the funding. Adjusting KPL's Capital Forecast Deferring two projects in KPL's capital forecast contributes $1.15 million to the project. Some of the Central Library project expenditures associated with collections, furnishings and equipment would be delayed until 2013-2014 to align with the funding capacity created by these deferrals. Operating Budget Advancing KPL's operating budget increase of $817,000 in 2010 represents an approximate 0.9% increase to the City's levy. Over the two years of construction this will contribute $1,634,000 to the costs of the central library project. COMMUNICATIONS: KPL will keep stakeholders informed of the progress of the project using various communication tools, including the KPL web site, In Touch magazine, electronic and print newsletters, displays, and public meetings. Public consultation will be conducted during the design phase. Council representatives onthe KPL Board will receive monthly progress reports on the project. The KPL Board will report formally to Council when decisions regarding financial matters are required, such as contract and tender awards, and finalizing the project budget. CONCLUSION: In May 2008 the KPL Board presented Council with three options for renovating and expanding the central library. After detailed financial review, it is apparent that the preferred option is not affordable. However, funding a renovation and 25,000 square foot addition appears to be feasible. While smaller than the model originally proposed by the KPL Board, this option will nonetheless vastly improve the central library. This revitalized and enlarged facility will serve as a city-wide resource and a neighbourhood branch for the growing downtown. Equally important, it will support branch libraries distributed throughout the community. Renovating and expanding the central library is an investment in the health of the Kitchener community. It aligns directly with several key City of Kitchener strategies. Now used by over 1,000 people each day, the central library contributes to the development of literacy and job skills, settlement of new Canadians, and economic well-being of the community. The KPL Board urges Council to approve the funding strategy outlined in this report and allow the project to proceed to the design stage. Sonia Lewis Chief Executive Officer, Kitchener Public Library 6 KITCHENER Pl1BLIC LIBRARY Report To: Councillor Berry Vrbanovic, Chair and Members of Finance and Corporate Services Date of Meeting: September 29, 2008 Submitted By: Kitchener Public Library Board Prepared By: Sonia Lewis, CEO, Kitchener Public Library Ward(s) Involved: All Date of Report: September 17, 2008 Subject: CENTRAL LIBRARY FUNDING OPTIONS RECOMMENDATIONS: In light of the analysis of funding options for the central library project developed by City Finance and Kitchener Public Library (KPL) staff as outlined in FIN-08-097, the Kitchener Public Library Board recommends: That a preliminary capital budget of $39,812,000 be approved for a modified "option 2 (phased}" Central Library project, funded as follows: Cost Reduction Strategies Reduction in Parkin Costs $3,808,000 Modification of Desi n Features $1,000,000 Total Cost Reductions $4,808,000 Revised Project Costs after Reductions Ori final Project Costs in 2010 dollars $44,620,000 Cost Reductions $4,808,000 Revised Project Costs $39,812,000 Funding Sources Economic Develo meet Investment Fund $32,500,000 Fundraisin $4,000,000 Deferral of Other KPL Capital Projects $1,150,000 Develo meet Char es $528,000 Advancement of KPL Operating Budget total for 2 ears $1,634,000 Total Funding $39,812,000 That the approved capital forecast be adjusted by reallocating $1.15 million to the central library project, $450,000 in 2012 from phase 2 of the Radio Frequency Identification Technology project, and $500,000 in 2013 and $200,000 in 2014 from the Library Automation System Replacement project; and, That an addition of $500,000 for the Library Automation System Replacement be referred to the 2009 capital budget process for inclusion in KPL's 2018 capital forecast; and, That Council direct City Finance staff to include forecast growth related expenditures for a central library in the 2009 Development Charges background study; and, That $817,000 be allocated to KPL's base budget in the 2010 operating budget projection to offset phasing costs during construction; and, That Council approve an advancement of $1.1 million from the Economic Development Investment Fund from 2010 to 2009 for pre-construction funding; and, That, working with City Purchasing staff, KPL be authorized to issue separate Requests for Proposals for architectural services and project management consulting, and seek Council's pre-approval of these expenditures prior to awarding the contracts, and, That KPL propose a final construction budget to Council when cost estimates have been further refined during the design phase; and further, That KPL keep Council and the public advised of progress with the project through established channels of communication. BACKGROUND: In an update to the Finance and Corporate Services Committee on May 12, 2008, the Kitchener Public Library Board outlined three options for renovating and expanding the central library. Costs for Option 2, a renovation and 30,000 square foot addition, and Option 3, a renovation and 54,400 square foot addition, exceeded the $32.5 million allocated to the project from the Economic Development Investment Fund. Council directed City and KPL staff to report in September 2008 with funding scenarios to potentially address these shortfalls. FIN-08-097 was prepared in response to Council's direction. It identifies and evaluates eleven potential funding options for the Central Library project. This companion report is based on that 2 analysis and outlines the KPL Board's recommended funding strategy and anticipated timelines for the project. REPORT: Fundina Oations The analysis of funding options undertaken by City Finance and KPL staff concluded that there were likely scenarios under which Option 2 could be funded, but a significant shortfall remained for Option 3 under any scenario. The KPL Board supports this conclusion and recommends that six of the eleven funding options be considered. A seventh option, phasing construction, rather than leasing temporary space during construction is also recommended by the Board. Fundraising The Board is committed to raising $5 million gross for the project. Assuming administrative costs of 20%, this will provide $4 million towards project costs. KPL has recently hired a Development Manager who will focus on planning the capital campaign, including volunteer recruitment. The Board recognizes it lacks a significant history of major fundraising. Prior to issuing the construction tender, the Board will develop parameters for the fundraising program, including a contingency plan to deal with any potential shortfall. Adjust KPL's Capital Forecast Renovating and expanding the central library is a higher priority than implementing self check-in or replacing the library's automation system. In anticipation that these two projects will be reintroduced into the capital forecast at a later date, the central library will be designed to accommodate the future implementation of these technologies. To coincide with the five year replacement of the server the Board proposes reintroducing the system replacement in the 2018-2019 capital forecast. To handle anticipated growth at the central library self check-in will be proposed for inclusion in the 2020 capital forecast. Development Charges For a number of years the KPL Board's capital forecast and strategic plan have identified the need for a both an expanded Main Library and a new southwest Kitchener community library. The need for both projects is driven by population growth. The Board proposes allocating $528,000 in development charges to the central library project, leaving the bulk of the projected development charges for the southwest branch. Following completion of the City's new Development Charges background study and by-law in 2009, the KPL Board will review the preliminary funding plan for the southwest branch as part of the 2010 budget process. 3 Advance the Operating Budget Increase To operate the renovated and expanded central library KPL will require an operating budget increase of $817,000. The Board is seeking Council's approval to advance this funding to 2010 (currently shown for 2011 in the ten-year tax rate projection) to offset the additional operating costs that will be incurred to accommodate phased construction. Over the two years of construction this will contribute $1,634,000 to the additional operating costs associated with phasing construction of the central library project. Following construction, this funding will be allocated to staffing, resources and building costs associated with the larger facility. Reduction of Parking Spaces The number of parking spaces included in the May 2008 cost summary presented to Council exceeds the number required under City bylaws. As a means of reducing costs, the KPL Board proposes budgeting for 112, rather than 200 parking spaces. This would more than double the amount of parking currently provided on site and meet City requirements. As directed by Council's May 21, 2008 resolution, KPL staff continues to work on a joint parking solution with City staff and other organizations located in the Civic District area. The KPL Board recognizes that a joint parking solution may need to be phased, with the library's needs being addressed first. In that case, consideration will be given to designing parking to permit a future connection to a larger parking development within the Civic District. Modify Design Features to Fit Within Available Funding To address the funding shortfall the KPL Board proposes modifying Option 2 during the design phase to reduce construction costs by $1 million. Although other options will be explored with the architect, this could result in reducing the size of the expansion by 5,000 square feet, resulting in a 25,000 square foot addition. Phasing Construction vs. Leasing Temporary Facility Previous reports to Council have identified two approaches to delivering services during construction. Costs for the phased construction approach are lower than the leased facility option. As part of its funding strategy, the Board proposes to phase construction and deliver services from the existing facility. Project Timelines and Process Assuming the funding strategy is approved by early October 2008, the project is anticipated to proceed as outlined below. Construction time is estimated to range from 2-2.5 years. We have assumed the upper limit below. These are preliminary timelines that will be revised as the project progresses. Architect and project management selection activities, prequalification of contractors and tender award will be undertaken in consultation with City Purchasing staff and in accordance with established purchasing policies. Council approval will be sought on financial matters. 4 Activity Projected Timelines Pre are RFP and select ro'ect many er October -December 2008 Pre are RFP and select architect October -December 2008 Seek Board approval of selection and Council approval of funding December 2008 Award contracts Januar 2009 Develop schematic design/detailed design January -September 2009 Prepare contract documents; permit drawings/application October 2009 -April 2010 Pre calif contractors and subcontractors Februar - A ril 2010 Issue and evaluate tender Ma -June 2010 Seek Board and Council a royal June 2010 Award contract Jul 2010 Construct buildin Jul 2010 -December 2012 Commission facilit Januar -Februar 2013 FINANCIAL IMPLICATIONS: Capital Costs When adjusted for inflation, projected costs for the May 2008 version of Option 2 total $44,620,000 if construction is phased. This projection includes all anticipated capital costs, as well as additional operating costs during construction, and assumes a construction start of 2010. The KPL Board's strategy for funding the project includes cost reduction measures and new sources of funding, in addition to the Economic Development Investment Fund. Cost Reduction Strategies Reduction in Parkin Costs $3,808,000 Modification of Design Features $1,000,000 Total Cost Reductions $4,808,000 Revised Project Costs after Reductions Ori final Project Costs in 2010 dollars $44,620,000 Cost Reductions $4,808,000 Revised Project Costs $39,812,000 Funding Sources Economic Develo meet Investment Fund $32,500,000 Fundraising $4,000,000 Deferral of Other KPL Ca ital Pro'ects $1,150,000 Develo meet Char es $528,000 Advancement of KPL Operating Budget total for 2 ears $1,634,000 Total Funding $39,812,000 5 Advancing Funding for Architectural and Project Management Services In order to start construction in 2010, an estimated $1.1 million will be required for architectural and project management services in 2009. This will require Council's approval to advance $1.1 million from the Economic Development Investment Fund from 2010 to 2009 for pre- constructionfunding. Prior to awarding the contracts for these services, KPL will update the estimate based on responses to the Requests for Proposal and seek Council's approval of the funding. Adjusting KPL's Capital Forecast Deferring two projects in KPL's capital forecast contributes $1.15 million to the project. Some of the Central Library project expenditures associated with collections, furnishings and equipment would be delayed until 2013-2014 to align with the funding capacity created by these deferrals. Operating Budget Advancing KPL's operating budget increase of $817,000 in 2010 represents an approximate 0.9% increase to the City's levy. Over the two years of construction this will contribute $1,634,000 to the costs of the central library project. COMMUNICATIONS: KPL will keep stakeholders informed of the progress of the project using various communication tools, including the KPL web site, In Touch magazine, electronic and print newsletters, displays, and public meetings. Public consultation will be conducted during the design phase. Council representatives onthe KPL Board will receive monthly progress reports on the project. The KPL Board will report formally to Council when decisions regarding financial matters are required, such as contract and tender awards, and finalizing the project budget. CONCLUSION: In May 2008 the KPL Board presented Council with three options for renovating and expanding the central library. After detailed financial review, it is apparent that the preferred option is not affordable. However, funding a renovation and 25,000 square foot addition appears to be feasible. While smaller than the model originally proposed by the KPL Board, this option will nonetheless vastly improve the central library. This revitalized and enlarged facility will serve as a city-wide resource and a neighbourhood branch for the growing downtown. Equally important, it will support branch libraries distributed throughout the community. Renovating and expanding the central library is an investment in the health of the Kitchener community. It aligns directly with several key City of Kitchener strategies. Now used by over 1,000 people each day, the central library contributes to the development of literacy and job skills, settlement of new Canadians, and economic well-being of the community. The KPL Board urges Council to approve the funding strategy outlined in this report and allow the project to proceed to the design stage. Sonia Lewis Chief Executive Officer, Kitchener Public Library 6 ~.. . ,, ~-. O T 0 N ... 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