Agenda - 09-24-2001 - 1 - Laserfiche WebLink

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on the Eubanks Road/Old Highway 86 site with the Commissioners at the October 22 work session. Staff suggests that the Commissioners invite representatives from the Town of Carrboro and the CHCCS Board of Education to attend the work session. Attachment 1f— 5 is a letter of request from the Chapel Hill Carrboro City Schools Board of Education asking the Commissioners to approve funding for the Concept/Pre-Planning Phase of this project. Should the Commissioners pursue the suggestion of examining the Elementary School #10 site at the October 22 work session, it would seem reasonable to wait two weeks until the bond referendum is passed before addressing the Board of Education's funding request. • OCS Middle School #3 Funding is also included on the November bond referendum to site and construct a new middle school for the Orange County School (OCS) District. At this time, we are .not aware of potential sites that the district may have identified for the new middle school, and the Board of Education has not requested funds to do preliminary planning of the new facility. As with Elementary School #10, should the OCS Board request funds for initial phases of the -new middle school, the Commissioners may wish to wait until the voters decide the November bond referendum before advancing funds. As we plan develop our plans for these three major school facilities, it is also important to plan for other priority projects that would be funded with alternative means such as private placement funding, Certificates of Participation (COPs), and impact fees. We are pleased to provide you with good news regarding the balance in each district's current impact fee account. CHCCS has $6.2 million currently available to address priority capital needs and OCS has more than $537,000 available. In addition, we anticipate that with the recent increases approved by the BOCC effective July 1, 2001, impact fees would generate $2.3 million annually for CHCCS and $1 million annually for OCS (refer to Agenda Item 4b for additional information). I have indicated to the School Superintendents that the County needs each district's potential timetables for all planned projects including those funded with bond proceeds as well as those funded from other sources. The information that they provide will allow us to develop a comprehensive fiscal plan, that would include bond and alternative financing, to address priority capital needs for both school districts and the County.