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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: April 8, 2008 <br />Action Agenda <br />Item No. ~__ <br />SUBJECT: Use of Unbudgeted Sales Tax Refunds for Capital Projects <br />DEPARTMENT: Budget <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Attachment 1. January 3, 2008 <br />Memorandum of <br />Request from CHCCS <br />Board of Education <br />Attachment 2. November 28, 2005 <br />focal Government <br />Commission Staff <br />Memorandum <br />Attachment 3. Minutes and Interlocal <br />Agreement Concerning <br />Capital Projects for <br />Public Schools, adopted <br />December 13, 2005 <br />Attachment 4. Policy on Planning and <br />Funding School Capital <br />Projects, adopted <br />November 21, 2000 <br />Attachment 5. County Capital Funding <br />Policy, adopted April 24, <br />2007 <br />INFORMATION CONTACT: <br />Donna Coffey, (919) 245-2151 <br />PURPOSE: To review and discuss a request received from the Chapel Hill Carrboro City <br />Schools Board of Education to use unanticipated sales tax refunds for Carrboro High School <br />and discuss future policy considerations associated with use of unanticipated capital project <br />revenues. <br />BACKGROUND: <br />Chapel Hill Carrboro City Schools Request <br />The capital project budget for Carrboro High School, which opened this past fall for freshmen, <br />sophomores and juniors, anticipated the receipt of sales tax reimbursements totaling $450,000. <br />(Beginning fall 2008, the new school will also house seniors.) To date, sales tax <br />reimbursements for the project have totaled $912,756 and resulted in $462,756 in unanticipated <br />project related revenue. Per the attached memorandum (Attachment 1) from the Chapel Hill <br />