Lafayette Consolidated Government is preparing to take the first step in constructing the new Northeast Library at the former site of the Holy Rosary Institute. The finalization of a $1 million contract with Dallas-based architectural firm 720design for the design and oversight of construction is up for a vote by the Professional Services Review Committee Thursday morning. The library is set to stand on five acres of Holy Rosary Institute land. The contract would mark the first significant expenditure from the $15 million allocated for the library by both LCG and the Lafayette Public Library System. Boulet’s staff has estimated roughly a year from the beginning of the design process to groundbreaking on the long-awaited library.