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2 <br /> The Chapel Hill-Carrboro Board of Education is scheduled to consider <br /> adoption of the resolution on pages 3-4 of this abstract at their <br /> September 22 meeting. The resolution would be included as supporting <br /> documentation for the school financing application that must be <br /> submitted for approval by the North Carolina Local Government <br /> Commission. <br /> During 1994-95 budget worksessions in June 1994, the Board asked staff <br /> to draft a policy relating to the funding sources for startup costs for <br /> new schools. As the Board deliberates the amount of financing that <br /> staff should pursue for the new elementary school, it may want to <br /> consider adoption of a policy on funding of school startup costs as <br /> well. <br /> RECOMMENDATION: The Manager recommends that the Board of Commissioners <br /> determine the amount of financing the Board is willing to pursue for <br /> this project, and direct staff and the County Attorney to take all <br /> necessary legal and procedural steps to assist the Chapel Hill-Carrboro <br /> City Schools to implement financing and construction of the new <br /> elementary school. <br />