HomeMy WebLinkAboutAgenda - 09-03-1996 - VIII-J 1
Orange County
Board of County Commissioners
Action Agenda
Action Agenda Item Abstract Item No
Meeting Date: September 3, 1996
Subject: Public School Building Fund Application - Budget Amendment#4
Department Public Hearing Yes_No_x_
Budget Office Budget Amendment
Needed Yes Nox
Attachment(s) Information Contact: _ _
Sally Kost ext 2151
Public School Building Fund Application Telephone & Extension Number
Proposed Revised Capital Project Hillsborough 732-8181
Ordinance for Chapel Hill/Carrboro Chapel Hill 968-4501
City Schools Elementary School #8 Durham 688-7331
Mebane 227-2031
Purpose
To approve an application to the State Budget Office to release funds from Orange
County's Public School Building fund account for planning funds for Elementary School
#8.
Background
The Chapel Hill-Carrboro City Schools has requested $600,000 from the Board of
Commissioners for architectural fees/planning for a new elementary school. This project
is to be constructed on land donated by the developers of Southern Village. The Board
of Commissioners requested County staff to identify a funding source for these planning
fees. Staff, working with the Chapel Hill/Carrboro City School staff identified the
following funding plan that will meet the cash-flow requirements of the project:
1. $100,000 from Public School Building Fund
Revenue estimates for the 1995-96 Public School Building Fund total
$455,462. Actual revenue received for the fiscal year was $583,276. State
Public School Building Funds must be used for capital outlay projects,
including the planning, construction reconstruction, enlargement,
improvement, repair, or renovation of public school buildings and for the
purchase of land for public school buildings. Local governments are required
to match one dollar of local funds for every three dollars of State funds. Staff
recommends that $100,000 be advanced to the Chapel Hill/Carrboro City
Schools for this project. The project currently has an appropriation of
$38,000 from the 1995-96 impact fees. These impact fees will meet the
State's match requirements.
2
2. Private Placement financing -$500,000
In all the school capital funding options presented to the Board of
Commissioners at the August 20,1996 meeting elementary school#8 is
financed by private placement. To meet the timelines of the Chapel
Hill/Carrboro City Schools for completing this project, and to remain bank
qualified in borrowing these funds, a portion of the total project budget will
need to be borrowed in Fall 1896. These funds can,then be used to continue
the payment of the planning/architectural fees for this facility.
The application process for Public School Building Funds requires formal requests for
funding from both the Board of County Commissioners and the Board of Education of
the school system concerned. The Chapel Hill-Carrboro Board of Education approved
the application at their meeting on August 22, 1996.
Recommendation
The Manager recommends that the Board of Commissioners approve the application for
$100,000 in Public School Building Capital Funds for planning funds for Elementary
School#8 and approve the revised capital project ordinance.
4 3
Planning for Elementary School #8
Chapel Hill-Carrboro City Schools
Capital Project Ordinance
Project Number 64-880-7116
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 for planning for the design and construction of a new
elementary school to be located at the new Southern Village development. This project will be financed
with proceeds from the impact fees and the State Public School Building Fund.
Section 2. The officers of the County are hereby directed to proceed with the project within the
budget contained herein.
Section 3. The following revenue is anticipated to complete this project:
Transfer f wnI"ad Fee FwW(1996-9;9 S38,000
Public School Building Fund(1996-9;9 S100,000
Total $138,000
Section 4. The following amount is appropriated for this project:
Planning for Elementary School#8 $138,000
Section 5. This ordinance shall be in effect until June 30, 1997.
Adopted this 3rd day of September 1996.
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AAdcMS: P.O.BONG slat Tkkr: BWWKDkcclw
H NC 27178 P1>one:(919) 732-8181 mtL 3151
Scboo6 AdmhL tftit: CMpe!Ng Cwvboro City&book
IhM j4Ct T G'. E,1s>meset U7 ScbDoot 08-Plan Mg Funds
Locatim: Southern ArdhW,Chapel Hill,North Carolina
Type Of FaclAty:Menwatary Sehad
03.11 SC.S"-*) « m in *a Pend shall be used for capital ouday projem inclvdin idw phmiD& mw&wdon,
MIA an,a, t.mnpeovemen;re mw or r mvehon of public sclsoel buiW tV ad for dm p=have of lend,6w public
sdmW WkWnp. As urea m they sworn 'public school buildW a*include ficMa for indivib W schools do are used for
mmucdonal and refaced purposes and does not me ude cennahz4 a6umnaa<im p> wmnm=or odwr halmoc"
Sbort flaerlptiaa of Cosstraetioa P"Jed:
To prvM*p3smkg ft%&to eamstwet ch mentsty sebooj A,witk a tatty od apprn budey 600
students W the Chapel EM Carlrbom City Sebod District.The toW project bud8a9 b curreatly
esdatated to be 5144004M
rstinmftd Costa: State Local TOW
FVrehan Of Lama"
1Mtasing S100,000 538,000 3138,000
Cowanwa n
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TOW tt00,oM $38,000 3138,400
**to be t�tmeted as bad donaftl d by dw dovrdoper.
BW Dim Vendors:
Coaftuft 3WmdMmtee_
Isdnated dlue of bqhnkg of CamMw:dm 2/98
F.Uhmated daft of oen*&kdoa 4/99
MATCB: Mw Mom*ftm&of cot dallw of local&cods for every dam doRm of Sucre tbnds are*=(==); Impact yes
afar*matching brads Mve ibr
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2)Cv&$& Cdaa 0
33 Anw rades 0
TOW
RRP'ORTSNG We,tbs mdus*ned,sgrm to Submit a storm mt of kmYsate amounts wgmded far out
pivlect in ea k Iwd eebot aftimisswive ak gamily. IU County Commla mum and bK Bawd of Useshm da hereby
lowly requAK appeovd of b e abaw to km of 5100,000 from the Pnbtk Sebood Building C*W FWA. We caft
amt die Pmjeot min pma wmm of I I ft-W2(b)and that aft of dw match b avaiUWs and desigmmd as
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Chair of CouY Cowl sioiier's