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<br /> for schools, nearly $7 million would be available to address renovations of existing
<br /> facilities, accelerate renovations and improvements to existing facilities as identified by
<br /> the Schools. The following table shows how these funds would be used for School
<br /> projects:
<br /> School Financing Options
<br /> Facilities
<br /> Year
<br /> Needed CHCCS Q Total
<br /> Elem School#8 1999 14,100,000 - 14,100,000
<br /> CH High Addition 1999 11,800,000 - 11,800,000
<br /> Middle School#4 2000 22,500,000 - 22,500,000
<br /> Elem School OCS 1999 - 14,500,000 14,500,000
<br /> Total $ 48,400,000 $ 14,500,000 $ 62,900,000
<br /> Funding Sources
<br /> State Bond $ 10,995,840 $ 5,980,160 $ 16,976,000
<br /> Impact Fees
<br /> 1997-98 872,100 344,250 1,216,350
<br /> 1998-99 889,542 351,135 1,240,677
<br /> 1999-00 907,333 358,158 1,265,491
<br /> Total Impact Fees $ 2,668,975 $ 1,053,543 $ 3,722,518
<br /> Private Placement (CHCCS Elem School)
<br /> Fall 1996 5,000,000 - 5,000,000
<br /> Fall 1997 9,000,000 - 9,000,000
<br /> Total Private Placement $ 14,000,000 $ - $ 14,000,000
<br /> County Bond Referendum
<br /> CHCCS Middle School 20,735,185 - 20,735,185
<br /> OCS Elem School - 7,466,247 7,466,297
<br /> Total Revenue New Schools $ 48,400,000 $ 14,500,000 $ 62,900,000
<br /> Bond Funds for Renovations 3,700,000 3,098,518 6,798,518
<br /> Total Funding For Schools $ 52,100,000 $ 17,598,518 $ 69,698,518
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