Minutes - 20060315 - Laserfiche WebLink

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Commissioner Gordon said that $2.9 million is the amount, and the point is what goes into that. She asked what the amount was for the next year. Rod Visser said that if you phase in the full funding of the capital funding policy, they could put in '/ cent next year (2007-08} and ~/ cent the following year (2008-09). This is their working assumption. Chair Jacobs made reference to page 11 and the last item of School Park Reserve Funding and that it does not appear on the blue sheet. Donna Dean said that the blue sheet has only the projects funded through the CIP this year. Chair Jacobs said that this is unspent money and he suggested addressing getting close to the debt ceiling by taking this money and using it for this purpose. He asked about the last time any money was spent for the School Park Reserve Fund and Donna Dean said that they used it last in 2000 for the purchase of Blackwood Farm. He asked how much money was in Lands Legacy and it was answered $4-4.5 million. He also verified that there are no school sites to purchase at this time. He suggested considering some or all of this money to pay for this water and sewer. Commissioner Gordon said she remembers transferring money from the School Park Reserve Fund to the General Fund temporarily, with the assurance by the Manager that it would be put back into the School Park Reserve Fund in the fall. However, it has not yet been returned. She believes the money should be returned to the School Park Reserve Fund as previously agreed. Commissioner Halkiotis said that he endorses Chair Jacobs' idea and he said that he thought when they went ahead and told the CHCCS board that they would realign the money for Elementary School #10, they were very understanding. He commended the school board for this. Chair Jacobs suggested taking #26 on attachment 2, which is $140,000 far paving parking lots at the Whitted Center, and the $391,000 from the School Park Reserve Funding, which would be aver $500,000 and it would not interfere with any other project. The parking lots will be paved eventually. Commissioner Carey agreed with this approach. Commissioner Gordon does not think the School Park Reserve Fund should be used far this purpose. John Link said that hopefully sooner than later they can pave these parking lots. He deferred to the Board. Commissioner Foushee suggested paving the parking lot closest to DSS. Chair Jacobs said that he would be interested in the detail on #18 (blue sheet) for flooring replacements of $200,000. Chair Jacobs made reference to page 11 and the Parks Operation Base of $230,000 and Donna Dean said that this is 2/3 net debt and it is only pay-as-you-go money on the blue sheet. Chair Jacobs said that this is another one that the Board has not made a decision about. Donna Dean said that they need to look at how they can adjust to free up some of the 213 as pay-as-you-go funds. Commissioner Gordon asked about 213 net debt and if some of the funds could be reallocated and Donna Dean said that they would have to take another look at this. Rod Visser said that 213 net debt bonds are supposed to go for County buildings and facilities. This would not work directly for water and sewer lines, so they would have to re-categorize these monies, and they can look at this option further. Jahn Link said that if they redirect funds, they would need to prioritize the projects. Chair Jacobs asked for more information on the Carrboro Library and Donna Dean said this is basically seed money in case something started moving forward with thl5.