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a <br /> 13 <br /> Orange County Schools <br /> 4. Elementary School <br /> Total Amount of Project $14,500,000 <br /> Funded by Other Sources $7,033,703 <br /> Amount Requested to be funded by the Bond $7,466,297 <br /> Description of the Project: <br /> • 600 Student Elementary School <br /> • Location - not known <br /> • Planned for 1999 <br /> • Based on square footage of 95,235 (Basic School plus Tier A and Tier B) <br /> 5. New High School <br /> Option 1: <br /> Total Amount of Project $25,000,000 <br /> Funded by Other Sources $12,500,000 <br /> Amount Requested to be funded by the Bond $12,500,000 <br /> Option 2: <br /> Total Amount of Project $25,000,000 <br /> Funded by Other Sources 0 <br /> Amount Requested to be funded by the Bond $25,000,000 <br /> Description of the Project: <br /> Option 1 - Bond funds pay for half of the facility and funds allocated for the CIP pay <br /> the other half, either through private placement financing or directly payment toward <br /> the facility (see notes below). <br /> Option 2 - Bond funds are used entirely for the new high school. <br /> 6. Renovations <br /> Total Amount of CIP Projects $26,608,993 <br /> Funded by Other Sources (1) $28,395,518 <br /> Amount Requested to be funded by the Bond $4,795,983 <br /> (1) CIP funds, primarily from sales tax, over the 10 year planning period. <br /> 11 <br />