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bonds are paid off. Pat Sprigg confirmed this statement. The exemption would last less than 20 years. She said that there are two statutes an the books, which allows them to pursue property tax exemption. The 105-278.6A statute is based solely on community benefit, charitbility, and social accountability. John Smith, Director of the Tax Assessor's office, said that under statute 105-278.6A, if a health care facility is providing unreimbursed care up to 5% or above, they would qualify for a total exemption. His expectation is that, with any contributions that Carol Woods would make this year, that they would exceed 5% and would likely continue to be exempt under statute 105-278.6A in future years. Commissioner Gordon asked if the certified amount of medical deduction would be the same each year and Pat Sprigg said that this varies from year to year. This is an estimated number in terms of how much of each of the residents', living independently as well as in the health centers, fees goes to supporting health care. Commissioner Brown asked about the tax exemption after twenty years and Pat Sprigg said that statute 105-278.6A must be filed every year and is not a done deal. Commissioner Brown asked Pat Sprigg if she had talked to the Chapel HilUCarrboro Schools and Pat Sprigg said yes. She said that Superintendent Neil Pedersen said that a gift to the County would hopefully be split between the County and the school systems. She has not met with Orange County Schools. Pat Sprigg said that the goal is to take the tax bill for 2001, use it as a working document, take the amount out to pay for taxes, make up the rest with a charitable gift to all three entities, and take a year to work out with all three entities the best way to do it for 2003-2004. Chair Jacobs expressed his appreciation to Pat Sprigg for the commitment of Carol Woods to the community. He asked if the $530,000 constitutes part of the 5% that they would be required to contribute for statute 105-278.6A. Pat Sprigg said that if they chase to go that route, then the $535,000 would contribute to the 5%. They would not qualify for the 105 statute without the $535,aoo. Chair Jacobs asked about the possibility of a long-term agreement with Carol Woods and Pat Sprigg said that after they get the property tax exemption, she would talk with her board about this. She said that her board feels that it would not be financially prudent to commit to a formula that commits future boards. Chair Jacobs said that it seems like one of the attractive options to Carol Woods may be to earmark funds for certain services or to be more proactive and bring in more diverse economic capabilities into Carol Woods and count it for social responsibility. Pat Sprigg said that she does not fully understand what the needs are in the County to address the needs of older citizens. They would like to come out of this with awin-win situation. Chair Jacobs asked for a copy of the mission statement of Carol Woods. In answer to a question from Commissioner Brown, Tax Assessor John Smith read the requirements of social responsibility in the application for the 105 statute. 3. Planning Process for Parks, Recreation, and Open Space Projects Environment and Resource Conservation Director David 5tancil summarized the planning process for parks, recreation and open space projects. He said that where we are now is that the County's draft policy statement was sent to the towns for comment last December. The County Commissioners referred the draft policy statement to the Intergovernmental Parks Work Group for its review and recommendations. That Work Group discussed the draft policy on January 31St and is scheduled to again discuss this policy on February 27t". The Work Group developed concepts for each project as listed below: • Avoid overlap and delays in completing projects • Need appropriate level of County oversight, overview of projects • Address both 2001 bond projects and standing permanent policy for future joint projects