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dramatically reduce the mileage and driving time for students, parents, and school buses. The Chapel Hill Transit serves the site. Of the 63.72 acres, 45 of the acres can be used for buildings. The site is comprised of three different properties -Glover, Fisher, and Minton. The combined appraised value of the property is $2.5 million. There will be generous buffers on the property next to the residents. There are bio retention areas within the parking lots to protect the environment downstream. At this time, there is no football/soccer stadium with a track, but the board is still hoping to provide more athletic facilities. The intent is to add this, or if not, to move to the Scroggs field that is shared with Parks and Recreation. Regarding the financial aspect, they believe that they have sufficient funds to construct this school. The site acquisition would be about $1 million aver what is budgeted and the site development would be about $2.5 million aver the budget. The total budget for the school would be approximately $4 million aver the Orange County construction standards budget. The school board has asked and the Board of County Commissioners has agreed previously to reallocate the $12.8 million that was scheduled in the bond referendum for the 10th elementary school to the third high school because it is a more pressing need. They would be requiring $5.1 million of alternative financing by the County. The school board would finance $6.3 million of the project and impact fees would be used. Superintendent Pederson then compared funding scenarios. He said that they are concerned about the impact of the new school on their CIP. They will be losing $12 million over 10 years in projected revenues compared to the CIP last year. The money they will need to finance the additional cost of the third high school replaces the cost for a central office that is in their budget. Therefore, the central office will move into the unfunded category. Regarding eminent domain, of the three property owners, two have indicated their willingness to sell and one is not interested in selling. They are going into this knowing that they may need to use the power of eminent domain, which is granted to school systems and the counties through the law. The down side of acquiring the property through eminent domain is that they would not know the final cost of the property until there is a legal process to decide this. His expectation is that if the cast of the land is more than what was budgeted that they will need to use creativity to make up for it. They are not asking the Board for additional funds. In summary, he said that he believes that they have clearly demonstrated that a third high school is needed and that the southern part of the district is where it is needed. They also believe that they have provided a realistic estimate of the cost of constructing a 1,000-student high school. They believe that they can open this school in 2006. Valerie Foushee said that the school board respectfully requests that the Board of County Commissioners approve the purchase of the three properties for the final appraised value and that the Board of County Commissioners grant the Chapel Hill- Carrboro City Schools Board of Education permission to exercise the statutory authority to acquire the above mentioned parcels by the process of eminent domain. Manager's Assessment of CHCCS Board of Education Proposal: Chair Brown said that this is an Orange County work session and they do not make decisions at work sessions. She said that there are copies of the Manager's assessment of this proposal dated April 24, 2003. Jahn Link made a PowerPoint presentation. He said that the County's focus is not about the site but the overall financing plan and the factors that need to be considered by both boards. They have included an excerpt of the school district staff's analysis of both the Rock Haven Road and the Eubanks Road sites. He said that the attachments were very important documents.