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In fiscal year 1999-00, savings on East Chapel Hill High School Addition construction contracts <br />will be redirected to: <br />Glenwood Major Renovation 250,000 <br />Renovation-Roofing Projects 200,000 <br />Athletic Fields 100,000 <br />Planning for Future Projects 100,000 <br />Phillips -Auditorium 50,000 <br />CHHS -Doors Replacement 50,000 <br />Total Saving on Contracts 750,000 <br />In fiscal year 1998-99, savings on New Elementary School at Southern Village construction <br />contracts will be redirected to: <br />Estes Hills Major Renovation 500,000 <br />Glenwood Major Renovation 250,000 <br />Total Savings on Contracts 750,000 <br />Revised project ordinances for 1998-99 for the capital projects designated by CHCCS to receive <br />project savings will be presented for approval by the County Commissioners in June, assuming the <br />Commissioners ultimately approve the CHCCS requested CIP. Funding for the Southern Village <br />Elementary project was obtained through private placement financing with a local bank. Therefore, <br />savings from the Southern Village elementary project will have to be reviewed and approved by the <br />North Carolina Local Government Commission and BB&T before those savings can be formally <br />reallocated to other CHCCS projects. The County Finance Director and Bond Counsel have <br />undertaken the process to secure the necessary approvals. <br />RECOMMENDATION(S): The Manager recommends that the Commissioners approve the <br />revised capital project ordinances for Elementary School #8 and for the East Chapel Hill High <br />School addition. <br />