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ORD-2005-005 - Middle School #3 Capital Project Ordinance 01-24-2005-6a
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ORD-2005-005 - Middle School #3 Capital Project Ordinance 01-24-2005-6a
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Last modified
4/29/2013 12:10:30 PM
Creation date
9/29/2010 4:04:45 PM
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BOCC
Date
1/24/2005
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
6a
Document Relationships
Minutes - 20050124
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\Board of County Commissioners\Minutes - Approved\2000's\2005
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With the $19,087,525 in earmarked funding noted immediately above, and the estimated total <br />Middle School #3 project cost of $22,608,091, there remains a project budget gap of <br />$3,520,566 for the Board of Commissioners to consider funding. Representatives of OCS and <br />the architectural firm Corley Redfoot Zack will attend the January 24 BOCC meeting to address <br />any questions about project design, bids, or overall costs. The Superintendent's response to <br />the County Manager's inquiry about what other sources or capital project realignments might be <br />considered to produce additional Middle School #3 project funding will be reviewed January 24. <br />In December 2004, the Board of Commissioners indicated its intent to reallocate some or all of <br />$12.8 million in anticipated debt for Chapel Hill - Carrboro Elementary School #10 to help <br />address anticipated cost overruns for Middle School #3, CHCCS High School #3, County senior <br />centers, or other projects. The main decision for the BOCC at this January 24 meeting is <br />whether it wants to appropriate all or a portion of the $3,520,566 funding gap outlined <br />above. The Board's decision on this matter directly affects the action that the Orange <br />County Board of Education will take later in the evening on the middle school bid awards <br />and contracts, as the amount they can approve for construction contracts depends on <br />the amount of funding appropriated by the BOCC by capital project ordinance. The <br />attached capital project ordinance contemplates approval by the BOCC of the entire additional <br />amount of $3,520,566. However, the BOCC is under no obligation to appropriate that much, <br />and the capital project ordinance can be revised at the BOCC meeting if necessary to reflect <br />whatever additional amount of funding the BOCC approves. <br />A number of outstanding issues remain to be resolved at some point in the future, but need not <br />be resolved on January 24. For example, the work group plans to address at a future meeting <br />ideas that have been generated regarding how to manage approximately 25 acres of OCS <br />owned property that were not included in the school site footprint but which are in fact needed <br />to meet impervious surface limitations under the existing project concept. County and school <br />staffs will be exploring how conservation easements might be employed and will address with <br />the work group any financial transactions, if any, that might be warranted in the future regarding <br />these 25 acres. The work group recommends that the Board include in whatever additional <br />appropriation it decides to make for the middle school project an amount that will cover the <br />$271,000 difference between the $52000 initially budgeted for land acquisition and the <br />$795,000 that was actually paid for 66+ acres. Also, it should be noted that the costs of <br />providing water and sewer service to the school property line are NOT included in the middle <br />school project budget. Utility extensions are being worked on by County staff in collaboration <br />with the City of Mebane, and costs for these are to be addressed through bond, grant, or <br />otherwise funded appropriations that the BOCC will address at a later date. Finally, OCS <br />representatives noted during the recent work group meeting that the identified total project <br />budget does not address all one -time start up costs or any ongoing startup costs for Middle <br />School #3, nor does it consider decisions that OCS will need to make in the future about <br />comparability of facilities between this new middle school and the two existing middle schools. <br />FINANCIAL IMPACT: As described in the "Background" section of this abstract. It should be <br />noted that any debt issuance must receive formal approval from the North Carolina Local <br />Government Commission. Staff expects that alternative financing for additional costs for Middle <br />School #3 will receive LGC approval when presented, as the additional debt involved remains <br />within the County's self- imposed debt management parameters and would be issued in lieu of <br />other debt on the BOCC- endorsed Debt Issuance Schedule, which has previously been shared <br />with LGC staff. <br />
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