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ORANGE COUNTY ~~ ~ ~ _ ado ~j _ j ~o <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 23, 2004 <br />Action Agenda <br />Item No.~J- ~ <br />SUBJECT• Capital Project Ordinance -Chapel Hill-Carrboro City Schools High School #3 <br />DEPARTMENT: Manager/Budget <br />PUBLIC HEARING: (YIN) No <br />ATTACHMENT(S): <br />Capital Project Ordinance <br />5/21/04 CHCCS Superintendent Memo <br />6/03/04 County Manager Memo <br />INFORMATION CONTACT: <br />Rod Visser, ext 2300 <br />Donna Dean, ext 2151 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To consider approval of an amended capital project ordinance for Chapel Hill- <br />Carrboro City Schools (CHCCS) High School #3 to appropriate additional funds for land <br />acquisition. <br />BACKGROUND: In a May 21, 2004 memo, the CHCCS Superintendent informed the County <br />Manager that CHCCS had successfully concluded negotiations with the owner of the remaining <br />property.to be acquired as the site of the system's third high school. An additional $1,142,000 <br />beyond that already appropriated by the Board of County Commissioners is to be paid by June <br />30, 2004 to Glover Enterprises. This brings the total purchase price for the Glover property to <br />$2.8 million, and the total amount budgeted for land-acquisition within the overall high school <br />construction project to $3,677,700. <br />In keeping with the interlocal agreement governing the third CHCCS high school, the additional <br />cost for this land must be funded through CHCCS "pay-as-you-go" capital funding sources that <br />do not require the County to incur additional debt. The approach that would best address <br />CHCCS needs in this situation while remaining consistent with the interlocal agreement involves <br />the appropriation of accumulated school impact fees, as outlined in the accompanying June 3, <br />2004 memo from the County Manager. Adoption of the accompanying amended capital project <br />ordinance will provide authorization for the County and CHCCS staffs to expend the funds <br />necessary to complete acquisition of the Glover property for the site of the new high school. <br />FINANCIAL IMPACT: The amended capital project ordinance will appropriate an additional <br />$1,142,000, in school impact fees that are already on hand in the CHCCS Impact Fee Trust <br />Fund. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the capital <br />project ordinance. <br />