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required to complete the projects, results of the upcoming student generation rate report, and <br />the outcome of the May 6 Land Transfer Tax referendum. To that end, the Manager <br />recommends that the Board approve the County and School 2008-09 capital budgets for pay- <br />as-you-go projects (Attachment 1) and postpone approval of the full ten-year CIP for fiscal <br />years 2009-19 until fall 2008. This timing would allow schools and County staff to begin <br />soliciting bids. for 2008-09 funded projects now and allow more time for all parties to discuss <br />more thoroughly the unfunded capital needs and develop funding plans for them. <br />One of the most pressing unfunded needs identified in the 2008-18 CIP is construction of an <br />eleventh elementary school for the Chapel Nill Carrboro City Schools. At the April 9, 2008 <br />monthly Manager and Superintendents' meeting, staff discussed how possible postponement of <br />the project might affect the district's elementary school capacity. The Superintendent and his <br />staff felt it would be impossible to site the proposed school, move through the regulatory <br />process, and have a new school constructed and open for fall 2010. Commissioners will have <br />the opportunity to discuss this topic more thoroughly with the Chapel Hill Carrboro City Schools <br />Board of Education at the April 22, 2008 joint County/Schools' work session. <br />FINANCIAL IMPACT: Available County and Schools' pay-as-you-go capital funding for fiscal <br />year 2008-09 totals $8,905,534. Attachment 1 of this agenda item provides a summary of how <br />each capital partner plans to allocate their respective share of next fiscal year's pay-as-you-go <br />capital dollars. <br />RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners <br />discuss the proposed 2008-09 County and School capital budgets and direct staff to: <br />Include the 2008-09 County and schools' capital project ordinances on the Board's May <br />1, 2008 regular meeting agenda for Board approval <br />2. Prepare the 2009-19 Capital Investment Plan (CIP) incorporating the outcome of the. May <br />6 Land Transfer Tax referendum and other updated capital related revenues in fall 2008 , <br />