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approved the School System's initial request to lease 11.7 acres. An amendment is <br />being filed to increase the leased property to accommodate the Town's requirements. <br />The enhancements identified by the Town have been estimated to cost in the range of <br />$425,000 - $475,000. It is our understanding that the Town of Carrboro will pursue <br />sources of funding for the upgrades. If funding is available, the enhancements would <br />be built within the project schedule for the new school. Clearing and grading would <br />start in the fall of 1999 and the fields and school opening in 2001. Building the <br />additional facilities is contingent upon the Town of Carrboro securing the necessary <br />funding. <br />