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HomeMy WebLinkAboutAgenda - 05-05-2005-2ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: May 5, 2005 Action Agenda Item No. 2 SUBJECT: Recommendations for Reallocation of $12.8 Million in Programmed Debt DEPARTMENT: Manager/Budget PUBLIC HEARING: (YIN) No ATTACHMENT(S): Table - Manager's Recommendation far Re-Allocation of $12,8 Million from ChiCCS Elementary #10 to Other School and County Priority Projects INFORMATION CONTACT: John Link or Rod Visser, ext 2300 Donna Dean, ext 2151 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To review and discuss the Manager's recommendations related to reallocation of $12.8 million in programmed County debt from Chapel Hill-Carrboro City Schools' (CHCCS) Elementary #10 to other priority school and County projects. BACKGROUND: At the April 14, 2005 work session, the Manager and staff presented recommendations related to reallocations of currently programmed debt. Those proposals included redirection among various other projects of $12.8 million allocated to the now-delayed construction of Elementary School #10 in the Chapel Hill-Carrboro system, as outlined on the accompanying table, This work session affords the Board an opportunity to discuss this subject in more detail. The Manager's recommendation related to CHCCS High School #3, and the Board's discussion of that topic at their regular meeting on May 3, 2005, may influence the Board's decisions at this May 5 work session.. FINANCIAL IMPACT: As noted on the accompanying table. RECOMMENDATION(S): The Manager recommends that the Board provide appropriate direction to the Manager and staff regarding reallocation of the $12,8 million in debt previously programmed for CHCCS Elementary School #10. Manager's Recommendation for Re-Allocation of $12.8 Million from CHCCS Elementary #10 to Other School and County Priority Projects Potential Appropriation by Project OCS Middle School #3 $3,500,000 CHCCS High School #3 $3,800,000 CHCCS Elementary #10 Planning $500,000 OCS Middle School #3/West Ten Soccer Complex (water lines) $500,000 New Senior Centers $2,000,000 New Animal Services Building (land and design) $700,000 New County Campus (land and master site plan) $1,800,000 Total County Projects $12,800,000