Agenda - 04-09-2015 - 1 & 4 - Laserfiche WebLink

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FA The CIP has been prepared anticipating continued slow economic growth of between 1 -2% annually over the next five years. Many of the projects in the CIP will rely on debt financing to fund the projects. Tonight's work session discussion will be focused on School Capital projects, County Capital projects associated with the Space Study discussion (Agenda item #2), County Capital projects associated with the Community Centers discussion (Agenda item #3), and Park Capital projects. The May 14, 2015 work session will be focused on County Capital projects not discussed at tonight's work session, Article 46 Sales Tax projects, Proprietary projects, Debt Service and Debt Capacity, and Year 1 (FY 2015 -16) projects. School Capital projects — Highlights Chapel Hill- Carrboro City Schools — includes $750,000 in Preliminary Planning funds in Year 1 (FY 2015 -16) to allow the school system to be "shovel ready" for a project or projects after a successful Bond Referendum; funds would be reimbursed from the approved Bond Referendum funds. Based on the Schools Adequate Public Facilities Ordinance (SAPFO) most recent November 15, 2014 projections, the following new schools /additions would be needed in Years 6 -10: Middle School #5 to open in FY 2023 -24 (Note: the addition of 104 new seats in FY 2014 -15 from the construction of the Science wing at Culbreth Middle School delayed the need for additional capacity at the middle school level by three years); Elementary #12 to open in FY 2023 -24. Pay -As- You -Go (PAYG) funds are estimated at a 1.5% annual growth rate and the Lottery Proceeds are held constant throughout the 5 -year CIP period. Orange County Schools — includes $478,000 in Preliminary Planning funds in Year 1 (FY 2015- 16) to allow the school system to be "shovel ready" for a project or projects after a successful Bond Referendum; funds would be reimbursed from the approved Bond Referendum funds. Based on the SAPFO's recent November 15, 2014 projections, the following new schools /additions would be needed in Years 6 -10: Cedar Ridge High School Classroom Addition to open in FY 2022 -23. Pay -As- You -Go (PAYG) funds are estimated at a 1.5% annual growth rate and the Lottery Proceeds are held constant throughout the 5 -year CIP period. Note: Funds to address both school systems' Facilities Assessment Report needs are not included in the Recommended CIP. The Reports reflected needs totaling approximately $330 million for both school systems. The size and timeframe of a future Bond Referendum and /or Alternative Financing that could possibly address facility needs has not yet been decided by the Board of Commissioners. County Capital projects (associated with the Space Study discussion) — Highlights Southern Orange Campus (Future Planning) (CIP page 21) — Design services of $400,000 were included in FY 2014 -15, with site development infrastructure work of $3,600,000 in Year 1 (FY 2015 -16) for campus buildings not associated with the existing Southern Human Services Center (SHSC). Expansion of the existing SHSC is included in a separate CIP project.