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Chair McKee said the County is restrained as to when they can put a bond forward, and <br /> that would be 2016. <br /> Commissioner Rich asked when Chapel Hill will finalize their bond. <br /> Roger Stancil said the process is to be concluded by April 26tn <br /> Mayor Kleinschmidt said that the information used to determine bond priorities came <br /> from plans that the Council initiated over the past several years, identifying various needs of <br /> departments and the priorities within those needs. Chapel Hill puts money aside to pay debt, <br /> thus not raising taxes when bonds are issued. <br /> Council Member Ward asked about the tax implications of a $125 million bond. <br /> Paul Laughton said this would be about a 5 cent tax rate equivalent. <br /> Chair McKee said it would be staggered over cycles. <br /> Council Member Ward asked if the schools would ever get caught up with this backlog <br /> of renovations. <br /> Bonnie Hammersley said one of the efforts in remediation is that it will create more <br /> seats for students and thus would push out the need for new schools going forward. She said <br /> Chapel Hill Carrboro City Schools (CHCCS) has a figure of$170 million for schools built before <br /> 1990. <br /> 2. Discussion on Town and County Properties <br /> Mayor Kleinschmidt said he and Chair McKee had breakfast after a meeting of Town <br /> Council in which the Town was assessing their properties, and the discussion had come up <br /> about putting County facilities in town buildings and vice versa. <br /> � Town Hall/Visitors Bureau/Skills Development Center <br /> Mayor Kleinschmidt said the town is going to be undertaking a renovation of the old <br /> own Hall on the corner of Rosemary Street and Martin Luther King Drive (MLK) and possibly <br /> putting the visitor's bureau in this location, thus freeing up space downtown where the bureau <br /> is now. Council Member Lee Storrow said both he and Commissioner Rich are <br /> representatives on the Visitor's Bureau Board, and he said there is excitement about shifting <br /> the Bureau to this location, since the current location does not invite foot traffic, and possibly <br /> pairing this new location with a destination location that would be of high interest to visitors. <br /> Commissioner Rich said their director was excited about a multi-purpose Visitor's <br /> Bureau. <br /> Commissioner Rich said she was interested in the timing and cost. She said that the <br /> building seemed in need of heavy renovation. <br /> Roger Stancil said the old Town Hall would need to be gutted; but it would be three <br /> years before the Inter-Faith Council (IFC) would be able to vacate the premises. He said the <br /> IFC is unsure to where the new facilities will be. He said that there is an ongoing discussion <br /> about how to respectfully address the needs of the homeless population during the time of <br /> transition. <br /> Roger Stancil said that discussions are ongoing regarding actual renovations and how <br /> they would be completed. He said Developers have expressed interest in the project, and <br /> preservation of the building is a high priority, but there is a possibility of developing around the <br /> building. <br /> Commissioner Rich asked if the property includes the old Town Hall and parking lot. <br /> Roger Stancil said yes. <br /> Roger Stancil said that agreements would have to be reached with the neighboring <br /> property owners. <br />