ORD-2005-005 - Middle School #3 Capital Project Ordinance 01-24-2005-6a

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DRAFT 5 ORANGE COUNTY BOARD OF COMMISSIONERS A RESOLUTION OF INTENT TO APPROPRIATE ADDITIONAL FUNDS FOR CONSTRUCTION OF ORANGE COUNTY SCHOOLS MIDDLE SCHOOL #3 WHEREAS, the Orange County Board of Commissioners and Orange County Board of Education have agreed to collaborate in the development of a new middle school and a new multi -field soccer complex on approximately 100 acres of property located between West Ten Road and Interstate 40/85; and WHEREAS, the Orange County Board of Education has approved a design for the middle school that is based on a prototype of the Smith Middle School constructed several years ago in the Chapel Hill - Carrboro School system; and WHEREAS, at approximately 123,000 square feet, the planned size of Middle School #3 falls within the parameters established in the Board of Commissioners' 1996 adopted middle school construction standards; and WHEREAS, the current estimated total project cost for Middle School #3, based on construction bids received by the Orange County Board of Education in December 2004 is $22,608,091; and WHEREAS, earmarked County and OCS revenue for the project, including $18.5 million in voter - approved general obligation bonds, is $3,520,566 less than the currently estimated project cost; and WHEREAS, the Board of Commissioners in December 2004 indicated its intent to redirect (with subsequent replenishment) some or all of planned alternative financing debt of $12.8 million for Chapel Hill - Carrboro Elementary School #9 to address more pressing financial needs for OCS Middle School #3, CHCCS High School #3, County senior centers, or other projects; NOW, THEREFORE, BE IT RESOLVED THAT the Orange County Board of Commissioners does hereby indicate its intent to appropriate $ in additional funding for the construction of Middle School #3, with said appropriation to be incorporated in and executed by Board of Commissioner adoption of an updated capital project ordinance for Orange County Schools Middle School #3. This, the 24th day of January, 2005.