Meetings Steering Committee(Folders 1-2)

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subdivision, that the courthouse be remodeled for non-court department and agency use and that a new Justice Center be built for the courts, would necessitate continued use of the Franklin Building and probably the Ticor Building to meet the projected space needs for non-court downtown departments and agencies. Under that arrangement, these departments and agencies would continue to be physically separated from one another. B. COST FACTORS 1. Preliminary cost studies indicate that the Equitable Building can be purchased and remodeled at a cost of $9.6 to $11.6 million. This option is about $8 to $10 million less than constructing a new Public Service Building and at least $5 million less than a downsized (Phase I) Public Service Building. 2. The acquisition of the Equitable Building would permit the county to sell the Franklin and Senator properties; and the construction of a new Public Service Building on the Senator site would permit the sale of the Franklin Building. 3. It may also be possible to use certificates of participation (COP) to acquire the building. C. OPTIONS CONSIDERED 1. The committee consider six options, four of which require the construction of a new or downsized Public Service Building. 2. One option, which proved the less desirable, was the retention and remodeling of the four existing downtown buildings. The downtown buildings do not contain sufficient office and parking space to meet future needs and the Senator Building is in need of extensive repairs within the next five years. Furthermore, the cost of this. option could be nearly as high as the purchase of the Equitable Building. PAGE 2 ks j/cd/Down town. 03/ 10/95