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5 <br /> April 5, 2011 <br /> Debt Service <br /> All County and School related debt service obligations would be funded prior to allocation <br /> of programmed funding for any other capital purposes. <br /> Orange County Schools' impact fees will be earmarked to pay for debt service on projects <br /> that involved the construction of new school space in the Orange County Schools system. <br /> Chapel Hill-Carrboro City Schools' impact fees will be earmarked to pay for debt service on <br /> projects that involved the construction of new school space in the Chapel Hill-Carrboro City <br /> Schools system. These expenditures will be tracked and verified by each district annually. <br /> NC Education Lottery Proceeds <br /> Each school district will have the option to dedicate its share of the annual NC Education <br /> Lottery monies to address school facility renovation needs or as additional revenue to the <br /> districts pay-as-you-go funding to address school facility renovation needs. Annually either <br /> district can request that the County dedicate Lottery proceeds to repay debt service and <br /> the county will substitute pay-as-you-go-funding to expedite approved capital projects in <br /> the schools capital improvement plan. <br /> Allocation <br /> Capital funding for each five-year capital planning period will be allocated between the two <br /> school districts based on the student membership planning allotments, provided by the NC <br /> Department of Public Instruction by March 1 of each year. <br /> Capital Project Ordinances — Form and Purpose <br /> All funds allocated to capital projects are to be accounted for in a Capital Project Fund as <br /> authorized by a Board of County Commissioner approved Capital Project Ordinance. <br /> The Capital Project Ordinance will include a detailed break down of each major cost <br /> category related to the project. <br /> In accordance with the Board of County Commissioners November 2000 adopted "Policy <br /> on Planning and Funding School Capital Projects", whenever School capital project bids <br /> are either higher or lower than originally projected, or any other factor affecting the project <br /> budget occurs, the affected school system is expected to work with County Management <br /> and Budget staff to present revised capital project ordinances for adoption by the Board of <br /> Commissioners. The same expectations shall be applicable for changes to County Capital <br /> project budgets. <br /> Community Use of Schools <br /> It is the intent of the Board of County Commissioners to evaluate each new proposed <br /> school in both School Districts for joint community use opportunities, including, but not <br /> limited to, park and recreation use. <br /> Schools Adequate Public Facilities Ordinance <br /> Orange County's Schools Adequate Public Facilities Ordinance (SAPFO) and Memoranda <br /> of Understanding (MOUs) between the County and its municipal and school partners <br /> establish the machinery to assure that, to the extent possible, new development will take <br />