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• <br />Draft Revised 9117/10 - -j <br />-- Deleted: Adopted 04/24/2007 <br />~ <br /> - Deleted: Recurring Capital¶ <br />:. ._ __ .. ._ --._ _.... ---. - ..._ - ..- ..-_.... ..... - __ ._...... ._ .... ..... .. ... . <br />Schools Ade uate Public Facilities Ordinance <br />q . <br /> <br /> <br />. As outlined in he uroesofFunds" <br />' "so <br />section of this policy, recurring capital <br />Orange County's Schools Adequate Public Facilities Ordinance (SAPFO) and Memoranda 1 fundingiortheschoolsandCounty <br />will be based on the estimated <br />of Understanding (MOUs) between the County and its municipal and school partners ~ proceeds of4 cents on the annual <br />establish the machine to assure that, to the extent ossible, new develo merit will take <br />ry p p General Fund property tax rate. The <br />proceeds from 3 cents will be <br />place only when there are adequate public school facilities available, or planned, which will earnazked for schools, with funds <br />accommodate such new develo merit. The Board of Count Commissioners is committed <br />p y ~ allocated to each school system for <br />the next fiscal year based on each <br />to the principle that new school space documented as needed through the annual SAPFO system's respective share of the <br />technical review rocess will be reflected in the next ado ted CIP, and will be funded so <br />p p ~ student membership as of November <br />15 immediately preceding fhe next <br />as to be constructed to be available before the relevant level of service threshold is ~ fiscal year. Proceeds from 1 cent on <br />exceeded. co n~ rtcurrilnbca i al ne as.or <br />Y 9 P ~ <br /> 4 <br />Rescission ~ Vehicle acq si ~s accompl shedand <br /> using third party financing, the Board <br />. <br />,This policy supersedes an rLpolicy inplace prior to this date. I of County Commissioners will <br />-... _- <br />. _... , <br />determine the source of funding to <br /> repay the assoctated debt service at <br /> the point that the Board approves the <br />Approved _ , 2010. l ~ fnandng arangement.9 <br /> Construction Management <br /> I Functlon¶ <br /> Beginning with the 2005-06 fiscal <br /> year, the Board of Commissioners <br /> will appropriate funding to establish a <br />ement function to <br />a <br />t <br />cti <br />M <br />C <br /> an <br />g <br />ons <br />ru <br />on <br />oversee County and School capital <br /> <br />~ projects. In fiscal years 2005-06 <br /> , <br />~ through 2007-08, $100,000 will be <br /> , allocated annually to fund this <br /> function. The source of funding for <br /> the Construction Management <br /> function will be split on a 60/40 basis <br /> with each school district sharing the <br /> ~, S schools portion of funding (60°~) in <br /> accordance with certified student <br /> membership as of November 15 each <br /> year. Each entity's share of this <br /> function will be deducted from its <br /> ~,: share of long-range capital funding <br /> ~, prior to allocating capital funds.¶ <br /> Formatted: rront: Bold <br /> t '~ Formatted: Normal, Tabs: 0.5", left <br /> Deleted: This policy resctnds the <br /> 7 Orange County Board of <br /> Commissioners Capftal Funding <br /> Policy, as originally approved on <br /> ~, December 7, 1996 and as amended <br /> on February 3, 1996 and June 23, <br /> 2005.¶ <br /> Deleted: April 24, 2007. <br /> <br />