Agenda - 03-01-2012 - 1 - Laserfiche WebLink

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3 Speciai Revenue Projects (Article 46 Sales Tax Proceeds) — Highlights The Special Revenue section includes anticipated revenue of $2,500,000 annually, with 50% of the proceeds for Economic Development initiatives, and 50% for Education (allocated by the ADM count of the two school districts). In FY 2011-12, proceeds are estimated at one-fourth of the annual amount, for a total of $625,000. A summary is provided within the Special Revenue Projects section of the document listing the recommended uses of these proceeds. Proprietary Projects — Highlights Water & Sewer Utilities — Year 1 reflects inclusion of the McGowan Creek Pump Station rehabilitation project costs ($725,000) in the Central Efland/North Buckhorn Sewer Expansion project in order to take advantage of remaining State Revolving Loan funds. Solid Waste — includes recommended funds of $3.1 million to close the Municipal Solid Waste (MSV� Landfill in FY 12-13, and establishes a separate C & D Landfill project from this point forward. Also, provides for the delay of purchasing 18,970 Urban curbside carts until FY 13-14, and begins the purchase of 13,000 Rural curbside carts over a three-year period from FY 12-13 through FY 14-15. � Sportsplex— funding is recommended in FY 14-15 for a Mezzanine addition at the pool area to include dedicated member change areas, lockers, and workout rooms. Funding is also recommended In FY 15-16 for the addition of a Mezzanine in the ice rink to provide additional fitness space, a dedicated group cycling area, and an advanced group training center, as well as funding of a new Children's Activity Center to expand the After School and Summer Camp programs. School Projects — Highlights Chapel Hill-Carrboro City Schoo/s — Year 1 reflects the funding of Elementary #11 construction ($21,500,000), and assumes a 1.5% annual growth in Pay-As-You-Go (PAYG) funds and constant Lottery Proceeds throughout the 5-year period. Orange County Schoo/s — funding is recommended in FY 14-15 for the construction of an auxiliary gym at Cedar Ridge High School, as well as recommended funding in FY 15-16 for the construction of a 20 classroom addition wing to address over capacity issues at Cedar Ridge High School. 1.5% annual growth in PAYG funds and constant Lottery Proceeds are assumed throughout the 5-year period. Note: Both School systems provide Funded and Unfunded CIP requests each year. Within the School Capital Projects section, there are three summaries provided that reflect: (1) the Recommended funded projects, (2) the Requested, but Unfunded projects, and (3) the total amount of the Recommended and Requested projects.