Minutes 04-25-2013 - Laserfiche WebLink

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Paul Laughton said the district needs to look at how much debt can be taken on and how it looks outside of year 5. Paul Laughton said this debt is consistent with what has been requested with debt proceeds. He said that, realistically, Culbreth would do one time financing the first year, to total $4.9 million; and then middle school #5 would follow that project. He said the middle school is a $39.8 million project. He said all of this depends when the financing is done and the timing will change the debt capacity and the amounts of overage on the 15% debt capacity. Frank Clifton said the state created a new board a year ago that reviews debt separately from the LGC, who authorizes debt. He said projections for the general fund are conservative but not unrealistic. He said some of the lack of growth in the county's general fund budget is a result of state activity and is beyond the control of the county. He said the county could decide to move forward on the science wing, only to be required to defer something else in a couple of years. He said this just needs to be kept in mind when making decisions. Commissioner Gordon asked to see the last two slides from CHCCS. She noted that if the middle school is moved back two years, while putting the science wing in, it improved the scenario and debt service is now under the 15% level. She said the CIP is approved for 5 years and funded for the first year, and this proposal improves the debt service picture for the 5 year period. She re-visited the slide information showing this improvement in the debt service picture when compared with the manager's original CIP recommendations. Todd Lofriese said the last two slides provide a brief overview of history and some information about the proposed science wing addition. He reviewed the information on the PowerPoint slides as follows: Culbreth Science Wing • Long standing need, on CIP since 2002 - Existing labs lack water, space, windows, few hands on lessons, poor sequencing • Unsuccessful QSCB application 2012 • Cell tower revenue funded a single lab • Design funded with 12-13 CIP funds • BOE resolution requesting funding on Feb 7, 2013 Culbreth Science Labs ■ 6 Room Science Lab Addition ■ Addresses required code issues - Bathrooms, electrical, fire alarm, emergency generator, etc. ■ Provides small assembly space ■ Likely increases building capacity by 104...a 2 year delay for MS #5 CHCCS Board Member Jamezetta Bedford asked for clarification on the Cedar Ridge High School (CRHS) proposed wing, which is listed in 2015 on one CIP sheet and then as a need in ten years on SAPFO. Superintendent Rhodes said there are many sub-divisions coming on line; and OHS capacity had been downgraded significantly, so there is a request for this to happen. OCS Chair Coffey added that it was discovered that Hampton Pointe is not even on the radar for capacity and CRHS is already over capacity and Orange High has been reassessed. She said this will come sooner than originally thought and the district projections are standing.