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1411 <br /> the parking lot and driveway. The Glenwood and Estes Hills <br /> projects could likewise be completed at the $1.8 million cost <br /> estimate based upon two alternatives. One is to reschedule <br /> other projects as shown. If the projects cannot be rescheduled <br /> then alternative two would apply which is to seek additional <br /> sources of revenue (bond issue, extension of the property tax <br /> dedicated to school capital, an additional 1/2 sales tax, a <br /> school impact fee funding from the General Fund due to lessened <br /> debt service requirements) . Apart from the cost increases in <br /> the two school system projects there are other capital needs not <br /> yet reflected in the Long Range Capital Financing Plan which <br /> could bring about the need for other revenue. <br /> RECOMMENDATION(S) : <br /> (1) Adopt the accompanying resolution authorizing the school <br /> system to award bids and execute contracts for the base <br /> project plus the surfacing of the parking lot and driveway. <br /> (2) Adopt the funding policy called for in Alternative No. 1 for <br /> the School Capital Reserve Fund Long Range Plan and Budget <br /> whereby the High School and the Multipurpose Space projects <br /> are completed within the revenue structure already in <br /> existence in the plan. This would be accomplished by <br /> rescheduling the remainder of the Chapel Hill-Carrboro <br /> System projects. <br />