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~~~ G financial determination should be received from FIIA late in 3uly. Tho~^pson requested the Board to consider holding a public hearing on August 14, 1984 at 7:30. I~iotion was made by Commissioner Tlhitted, seconded by Commissioner "'tarshall that a public hearing on the Proposed Efland Sewer Project be held on August 14, 196 at 7:30. VOTE: UI:Ar;zAI0U5 22. cor~slnFF.r'_T'rar: OF ADDITIOid~ SC~?OOL CAPITAL APPROPRIATION Thompson e::rlained that various projects have come to the attention of the Board for funding beyond the current appropriation. For ne~v construction the Capital Needs Task Force identified 5.5 million needed to replace Stanback and identified 2.3 million needed for construction and renovation in the Chapel Hill-Carrboro School system. The task force also identified 7.8 million needed far short range projects. The roof report has been received since then which calls for a total expenditure of 1.9 million and there are costs associated with handicapped access improvements. Thompson noted that the renovation figure of 3.3 million plus 1~ inflation per month mould require 4.5 million to renovate Stanbaclt on site. The estimated amount for new school construction is X45 per square foot and S30 per square foot far renovation. Thompson presented an updated chart on the accumulation. of the sales tax monies. Hy using a 10~ interest and growth rate factor, 9.3 million v:ould accumulate after six years. 7f monies were used for roof repairs so as to complete the work in a three year period, 8.6 million would still remain. Comr.;issioner Lloyd noted that in order to renovate, a five n.illion dollar bond issue casting the people in the County ten million dollars eroulc be necessary. He suggested a staged-in construction over a period of lima with handicapped access at the top of the list. Commissioner t•1all:er pointed out that enough money as available to do the roofs and handicapped accessibility and to do everything except to build a new school. A bond issue would include multipurpose rooms. Thompson pointed out that 2.3 million would be needed for the multipurpose rooms ir. the Chapel Hill-Carrboro system. Commissioner ~~?bitted noted that revenues prom the sales tax drill be available for these needs and for other projects presented by the schools. The renovation of the Nigh School is needed at this time and should be addressed through the sales tax money. - Dr. T~unsford noted that a report outlining all the possible options for Stanback will be available within the next 30-45 days. He feels the cost vrill be between S45 - 861 per square foot and one to one and one half years away. Handicapped accessibility and roofs are clearly priority items because of the legal requirements for the handicapped access and roofs are leaking. The funding options da need to be discussed. Chair Trlillhoit noted that the sales tax money will not provide for all the needs but some of the needs should be taF:en care of at this time. Relative to A.L. Stanback, a lower cost project, which could be phased in, would consist of a combination of renovation and reconstruction on site, and could be done over a number of years. He suggested that funds be made available for architectural fees for the initial plan for Stanbacl: so that a determination can be made on a pay-as--you go plan or a bond issue. There was a consensus that the one half cent sales tax be used for the following projects: