Agenda - 03-03-2015 - 6a - Laserfiche WebLink

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12 Cumulative increase(deficit) S (1,145,37 6.00) S(1 643 352.00) S (2 181 280.00) A B C Cumulative deficit of project over life of project Total of A+B+C 14.970.008.001 Notes: Education is based on 48.1%Target of General Fund Revenues being provided to Education,as well as the growth in students in each phase of the project. 1 2 Bonnie Hammersley said staff will continue to work with the Town of Chapel Hill. She 3 noted that scenarios 2 and 3 did not include the cost for services throughout the County, 4 because staff did not feel it was defensible to take the entire amount. She said there will be 5 costs, and staff will work to get a more accurate view of this moving forward. 6 Commissioner Rich asked if the numbers could also show the sales tax and other 7 multipliers that bring in revenue. She said this is showing negative numbers because that 8 information is not being included. She said she does not see this as a negative project. 9 Bonnie Hammersley said as this project moves forward staff will have more accurate 10 numbers and will include a breakdown of residential and commercial sales and property tax. 11 She said her conversation with the Town Manager was that the County would continue to look 12 at these numbers, and recognize that the town is not looking for a multi-year agreement. 13 Commissioner Dorosin said if you look at the school impact scenarios that have been 14 presented, development is already not expected to cover the costs. 15 Commissioner Jacobs said he understands that Craig Benedict has spoken with Chapel 16 Hill's engineer, and the town is contemplating a more comprehensive study of stormwater in the 17 entire area. He asked if there is a timeframe for this. 18 Craig Benedict said there are two requests for proposals (RFP's) that will be going out to 19 address upstream watershed, and it will probably be about a 12 to 24 month time frame to find 20 out what comes forward from the consultants. . 21 Commissioner Jacobs said another problem with the way this discussion is going is that 22 the Board does not have to address the whole $400,000 per year. He said he does not want to 23 get involved in roads, but the stormwater management is a health and safety issue. He would 24 like to know what the plan is before he is willing to invest in it. He said if Orange County 25 decides not to be involved in a formula that predominately funds roads, then this would reduce 26 their contribution 27 Commissioner Jacobs suggested that the manager could do analysis with the proposed 28 limited investing mentioned above. 29 Commissioner Price referred to attachment C, and asked about the status of the 30 possible reimbursement for the transportation project at 15-501 and Ephesus Church Road. 31 Craig Benedict said it is very likely that this project will be funded, but it will be two years 32 out. He said if improvements are to be done earlier than this funding, then Chapel Hill could 33 proceed with interim money and then be reimbursed by the Department of Transportation (DOT) 34 when it comes into the capital improvement program. 35 Commissioner Price asked what will happen if this does not get reimbursement from the 36 state. She asked if this could come back to the County. 37 Craig Benedict said yes. He said originally there were $8.8 million worth of roadway 38 improvements included in the $10 million package, and $1.2 million for stormwater 39 improvements.