Minutes 11-15-2011 - Laserfiche WebLink

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have now exceeded the SAPFO limit. The interest rates are low right now and it is a good time to proceed with this. The CHCCS Board of Education approved the construction and funding of Elementary #11 at its November 3, 2011 Meeting. The Town of Chapel Hill has approved the required Special use Permit (SUP). Applications are now being reviewed for the Zor�ing Compliance Permit (ZCP)which is necessary for a building permit to be issued. The ZCP is expected in February 2012. The County Manager proposed and the Board of County Commissioners approved the FY 2011-12 General Fund Operating Budget and in the 2011-2016 Capital Investment Plan (CIP) a combined amount of$1,163,196 of funding for Elementary School #11. This funding was comprised of$500,000 of funds from the CIP to fund abatement and deconstruction costs of the existing building on the property. An additional $663,195 of the County's General Fund Balance was reserved to fund any excess deconstruction costs of the existing building on the property. The County CIP also includes full funding of Elementary School #11 in FY 2012-13 schedule plans for the school to open in August 2013. The total estimated cost of the project would be $21.4 million. CHCCS will utilize a maximum of$2.1 million of its fund balance to fund the construction . costs incurred prior to the County receiving the financing for the project. The County will reimburse CHCCS for the amount spent and the Boards of botN� CHCCS and the County will consider reimbursement provisions to reimburse any construction costs incurred before receiving the funding for the project. The County would cover any interim cost in excess of the CHCCS fund balance reserved for the project if financing for Elementary School #11 is delayed. The construction and funding timeline for Elementary School #11 is as follows: - Deconstruction — October 2011 through March 2012 - Financing of the project—April and may 2012 - Construction —April 2012 through July 2013 - Opening —August 2013 Todd Lofreise, Assistant Superintendent of CHCCS, said that the CHCCS school board unanimously approved an acceleration plan for Elementary School #11, which authorized the school district to use $2.1 million of fund balance for this project until the County can arrange financing next spring. The County will reimburse these funds by July and will fully f�nd the schools. He described the actions that were taken to try to remedy the over-crowding situation before bringing this project forward. He introduced Steve Trigiano, an architect from Moseley Architects, who made a PowerPoint presentation. Elementary School #11 Chapel Hill-Carrboro City Schools Orange County New Elementary School #11 - Process and Community Involvement - Sustainable Features o Policy 9040/LEED Certification - Footprint o Site layout and building program 0 3 Story, 585 Students - Appearance