Agenda - 10-17-2006-9a - Laserfiche WebLink

Browse Search

CHCCS staff over the next several months and can be factored into the bid award and project budget decisions to be made by the Board of Education and BOCC in January 2007. FINANCIAL IMPACT: The County's current debt issuance schedule includes $12.8 million in alternative financing towards the construction of Elementary #10. Moreover, additional debt for this project has been earmarked as part of the multi-year $92 million debt issuance plans the Board endorsed at the September 14, 2006 work ,session. The project is currently under development review by the Town of Carrboro, in whose planning jurisdiction the new school is situated. The Town has accepted this project for expedited review, so development approvals are anticipated in December 2006. The final project budget for Elementary #10 will be shaped both by the conditions placed on the development approvals by the Town, and by the construction market as it exists when bids are received by CHCCS in December 2006. The final project budget would be established as part of the capital project ordinance to be adopted by the BOCC to carry through the construction phase of the project. Based on CHCCS's current project timeline, Board of Education consideration of the bid awards is slated for January 4, 2007. BOCC approval of the project budget and associated capital project ordinance is tentatively slated for the January 23, 2007 regular Commissioners' meeting. This timeline would track with CHCCS plans to open Elementary #10 for the 2008-09 academic year. RECOMMENDATION(S): The Manager recommends that the Board approve the final plans for Elementary #10 grid authorize the Chapel Hill-Carrboro City Schools to solicit bids for the construction of a 90,229 square foot elementary school consistent with the accompanying plans.