Loading...
HomeMy WebLinkAboutORD-2007-011 - Elementary 10 Chapel Hill Carrboro City Schools Capital Project OrdinanceA+l~achmenf 5 la Elementary #10 v R, ~? - 02 ®a7-o / f Chapel Hill-Carrboro City Schools ~/ ~ ~.,,~ ~ Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1.The project authorized provides funds for the Chapel Hill-Carrboro City Schools to plan and design a new 585-student elementary school facility to be located on at the Twin Creeks Park and Educational Campus (formerly known as Chapel Hill Township District Park). Also included in this project is funding for infrastructure (water and sewer) to the County's Twin Creeks Park site. Anticipated revenues for the school project consist of alternative financing through third party financing. Section 2.The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3.The following County revenue is anticipated to complete this project: 2005-06 FY 2000x07 2006-07 ay- - ou- Funding (planned for fiscal year 2008-09) $0 $500,000 $500,000 Alternative Financing $0 $23,282,751 $23,282,751 Sales Tax Reimbursements $0 $350,000 $350,000 Total Fun ' $0 $24,132 751 $24132 751 Section 4.The following amount is appropriated for this project within the County's capital project ordinance: Tlnv~rghFY 2005-06 FY2006-07 Tln~a~hFY 200607 Cal~tx;tion $0 $19,057,004 $19,057,0(}1 Site . ' Tian $0 $0 $0 Sitel7erel $0 $1,235,000 $1,235,000 Foes $0 $1,432,598 $1,432,598 $0 $540, $540,000 Te~nol $0 $744,389 $744,389 Ca~ix#ion $0 $623,760 $623,760 Costs $0 $500,000 $500>000 Total $0 $24,132,751 $24,132,751 r3 Section 5. In addition, the Chapel Hill Carrboro City Schools Board of Education plans to appropriate $500,000 from the District's fund balance in fiscal year 2006-07 to be used to complete construction of Elementary #10 bringing the total cost of Elementary #10 to $24,632,751. Section 6. Planning and funding of Elementary #10 shall be in accordance with the Orange County Board of County Commissioners adopted Policy on Planning and Funding School Capital . Commissioner Foushee is hereby designated to serve as the Board's liaison with CHCCS as project plans develop. Section 7. This ordinance is effective June 27, 2006 and will remain in effect through June 30, 2008, unless sooner amended or closed out. Adopted this 24th day of April, 2007. c'~~~- ~_dv:p--//~ ~a ~9~ °' community in Chapel Hill and authorized the Manager in consultation with the:CountyAttorney to ehter ihto a Development Agreement detailing the. conditions of award. g; BudgeYAmendment #1 The:Board approved budget ahd capital project ordinance amendmehts for fiscal year 2006-07 for the Health Department, Department on Aging, School Capital Projects, SportsPlex Enterprise Fund, Library Services, and Orange(Chatham Justice Partnership Program. h. Regional Value-Added Processing Center. The Board appropriated an additional $3,000 for a feasibility study for an agriculture products regiohal value-added processing center and authorized the Chair to sign the contract. i. .Approval of County Capital Funding-.Policy This item was removed and placed at the end of the consent agenda for separate consideration. L Durham Technical Community College Satellite Campus Property Ownership The Board executed a Special Warranty Deed from Orange Countyto Orange County and The Trustees of Durham Technical Community College and authorized the Chair to-sign. k. Change in BOCC Regular Meeting Schedule for 2007. The Board amended its regular meeting calendar for the year 2007 by adding a Joint Meeting with-the Chatham County Commissioners on Tuesday, May 8, 2007 at the Southern Human Services Center; 2501 Homestead. Road, irrChapel Hill. I. Energv'Conservation Amendment to Board of County Commissioners Plannina This item was removed and placed at the end of the consehtagenda for separate consideration. VOTE ON CONSENT AGENDA:. UNANIMOUS ITEMS REMOVED FROM CONSENT AGENDA: i:Approval of County Capital Funding Policy intent, in the future, to present draft Capital Investment Plans in the fall. Commissioner Gordon-asked about the interim period between when lotteryfunds-are budgeted for debt service and when they are budgeted in arrears. There is a big time gap there. Donna Coffey said that in 2008-2009 the receipts deposited in Ehe County'saccount during 2007-2008 would be budgeted. Commissioner Gordon clarified that the onlyyear the proceeds would be used for debt service is the currenYyear. Donna Coffey said that future years would be based on the outcome of the school collaboration meetings this summer, as to whether the schools wahted to use the future fund for debt service o address renovations that, have not yeYbeen planned in the debt issuance plans. Commissioner Gordon said that she liked the idea of budgeting in arrears at first, but then she thoughtabout the debt financing and the future needs and. wondered if there was a way some of the mohey could be used. Laura Blackmon said that the staff gave the Board of Couhty Commissioners a document fhat stated: that the County would. need to make up $400,000 of the $2.4 million from this year, This was included in the total debt ervice. Commissioner Gordon is worried thatahe money is just going to sit there for a year and not be used for debt service or school renovations. Laura Blackmon said that if the County draws down the money, it will have to be spent that year. The proposal was to draw down the money at the end of the fiscal year. The schools could use. it for renovations or for future: incurred debt service payments for rehovations. Donna Coffey said. that he money would draw interesk.