ORD-2009-046-Twin Creeks Capital Project Ordinance

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is given on the LAST PAGE of the attachment, on the stand alone information sheet. Attachment: 2001 Bond Brochure and a stand alone Information Sheet. The brochure was 11 x 17. The inside, which was one large page, has been cut in half to print. MEMORANDUM To: BOCC and Manager From: Alice Gordon Re: Questions and Comments from Alice Gordon Concerning Agenda Item 6-2e -Capital Project Ordinance Amendments Date: June 16, 2009 Here are the questions and comments I will be making with respect to item 6-2e. CAPITAL PROJECT ORDINANCE AMENDMENTS A. Section 1 -School Capital Project Fund Projects Over Budget Att. 2b - Playground Protective Surtaces Sec. 1 states the revenue is from Schools PAYG, but Sec. 3 shows transfers from the General Fund. Please explain. Att. 2d -Chapel Hill Carrboro High School System Capital Project Ordinance Sec. 4 -There is no dollar amount entered for FY 2008-09 for Construction. Attachment 2d fixes this. B. Section 2 -County Capital Project Fund Projects Over Budget Att. 2g -Durham Technical Community College Sec. 1 -Were the grant funds that were not available CMAQ funds? If so, we need to make sure that they will not be available in the future. Even if the funds come to Orange County, it is too late, because it cannot be reimbursed. Sec. 6 -Until we are clear about which grant funds were not available, and whether they will still be forthcoming, we should NOT CLOSE the project. Att. 2j - Efland Cheeks Park (Already noted by me previously) Sec. 3 -The amendment shows an additional $111,636 from the 2001 bonds, over and above the $250,000 already shown for 2001 bonds. However, the 2001 bonds for this project were $250,000 (according to the original bond brochure). Therefore why are we allocating more 2001 bond funds, and which 2001 bond project is therefore losing funds? Gary Humphreys' answer was no and that this was interest money.