Agenda - 12-20-94 - VIII-B - Laserfiche WebLink

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1 Orange County Board of Commissioners Meeting Date: December 20, 1994 Action Agenda Item No VIE Subject: Budget Amendment#5 Department: Budget Office Public Hearing Yes No X Attachment(s): Information Contact: Budget Office Proposed Budget Ordinance Amendments Extension Number: 2150 Proposed Capital Project Ordinance Telephone Number: Hillsborough 732-8181 Chapel Hill 968-4501 Mebane 227-2031 Durham 688-7331 Purpose To approve proposed budget ordinance amendments and capital project ordinances. Background Contributions to Outside Agencies 1. Orange County has been awarded$57,458 in additional Community Based Alternatives funds from the State. These funds will support various service providers throughout the County including Sheaffer House,Juvenile Community Services, Volunteers for Youth,Crisis Intervention Team, Temporary Shelter,Victim Offender Reconciliation,Volunteer Families for Children,Communities in Schools,and Dispute Settlement Center. This budget amendment, shown on page 2,box 1,requires no additional County money for fiscal year 1994-95. Chapel Hill Carrboro City Schools 2. At the December 5, 1994, meeting,the Board of Commissioners approved the private placement financing plan through NationsBank for a new elementary school for the Chapel Hill/Carrboro City Schools. The County will finance$9.6 million for a term of 15 years. The remainder of the project budget. $1 million,will be paid from a funds available through the Schools Capital Improvements Plan. The first installment payment will not come due until the 1995-96 fiscal year. The attached project ordinance appropriates funds for this project. Recommendation The Manager recommends that the Board approved the attached budget ordinance amendment and capital project ordinances.