Agenda - 04-11-2013 - 3 - Laserfiche WebLink

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over a three year period (FY 2015 -16 through FY 2017 -18). See page 37 in the CIP document for a complete funding scenario for this building and park facilities. • Chapel Hill- Carrboro City Schools submitted as part of their unfunded new facilities projects a Science Wing Addition at Culbreth Middle School totaling $4,971,676. The majority of construction costs would occur in FY 2014 -15, with an anticipated opening date of August 2015. Currently, this project is not included in the Manager's Recommended FY 2013 -18 CIP. The impact of including this project in the CIP would increase annual debt payments by a total of $477,281 ($57,600 in FY 14 -15, $427,588 in FY 15 -16, and $477,281 starting in FY 16 -17 and future years). To pay for this, one or several other projects would need to be deferred to Years 6 -10 or removed entirely in order to accommodate this increased debt. Also, at the meeting tonight, John Stock, CEO of Recreation Factory Partners, the operator of the Sportsplex, will provide a short presentation of the planned lobby renovations, as well as the proposed new building additions that are proposed in the CIP for the Sportsplex. (See Attachment C). Capital Investment Plan — Overview The FY 2013 -18 CIP includes County Projects, School Projects, Proprietary Projects, and Special Revenue Projects. The Proprietary Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. The Special Revenue Projects include Economic Development and School related projects funded from the Article 46 (1/4 cent) Sales Tax proceeds. The Article 46 Sales Tax was approved by the voters in the November 2011 election, and became effective April 1, 2012. The CIP has been prepared anticipating continued slow economic growth of between 1 -2% annually over the next five years. Many of the projects in the CIP will rely on debt financing to fund the projects. County Capital — Highlights The County Capital section includes four (4) new projects that were not part of the FY 2012 -17 Approved CIP. These projects include the following: Environment and Agriculture Center — The age and condition of the current facility require significant investment for on -going use, including replacement of the roof, HVAC equipment, and asphalt repair /improvements. Year 5 (FY 2017 -18) reflects funding of $1,353,508 for these repairs /replacement. This is one of several facilities that was discussed with the Board of Commissioners at their February 12, 2013 work session. Government Services Center Annex — includes $350,000 in Year 5 (FY 2017 -18) for HVAC replacement. This is one of several facilities that was discussed with the Board of Commissioners at their February 12, 2013 work session. Historic Rogers Road Neighborhood Community Center — During FY 2012 -13, the Board of Commissioners approved the establishment of a capital project for the construction of a Historic Rogers Road Neighborhood Community Center with funds of $650,000. The project is