NNS Planning - Summary - Proposed School Capital Funding Program Adopted 4-3-95 - IX-A

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, 6. Request the Town of Chapel Hill to reserve a school site in the proposed Meadowmont development. Implementation: Authorize the Chair to send a letter to the Mayor requesting such reservation. SCHOOL FACILITY CONSTRUCTION & UTILIZATION 7. Request Chapel Hill-Carrboro and Orange County school systems to consider implementing a multi-track, year-round school program as an interim measure to reduce classroom size. Implementation: Authorize the Chair to send a letter to the School Board Chairs requesting that such a program be considered. 8. Develop uniform school building construction standards. Implementation: Appointments have been made to a committee responsible for undertaking this task. DESIGNATED PROPERTY TAX FOR SCHOOL FACILITIES 9. Consider assessing a certain number of cents on the tax rate to meet immediate school capital needs, beginning with the 1995-96 budget. Funds raised from this designated tax could be used to acquire school sites, pay for architectural design fees, etc. Implementation: Consider as part of the FY 1995-96 budget process. - CAPITAL FUNDING OPTIONS 10. Develop alternatives for funding identified school needs(currently estimated at approximately$61 million) and criminal justice facility needs (currently estimated at approximately $20-30 million) during the next ten years. Options that could be considered could range from complete general obligation bond funding to combinations of bonds and funding from one or more existing(or new) pay-as-you-go funding sources, such as impact fees, earmarked property taxes or one-cent sales taxes (authorization pending in the General Assembly). Implementation: Staff could prepare rough scenarios as early as the April 18 meeting,for one of the May meetings,and/or for discussion during the 1995-96 budget deliberations.