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timelines and the timetables of the property owners. While the Board has approved or <br />discussed several individual Conservation Easement projects on the horizon, staff feels certain <br />that with alternative financing issues over the next two years, cash flaw needs for these projects <br />can be met, and all projects will close on time. <br />The table below compares the January 20 debt issuance plans with a possible alternate plan <br />that includes spacing out the Conservation Easement issuances between now and 2007-08: <br />Orange County, North Carolina <br />Proposed Alternative Financing <br />Apri12006 Financing Arrangement <br /> -----._ ...'F'eG~uary <br /> January 2006 2006 <br />School Projects Proposal Proposal <br />CHCCS Renovations $5,150,000 $5,150,000 <br />OCS Gravelly Middle School <br />Construction $3,500,000 $3,500,000 <br />Total School Projects $6,650,000 $8,650,000 <br />County Projects <br />Animal Services Facility <br />Planning <br />$700,000 <br />$700,000 <br />Conservation Easements $2,000,000 $500,000 <br />Chapel Hill Senior Center $4,150,000 $4,150,000 <br />Efland/Buckhorn Community <br />Water and Sewer Construction <br />$500,000 <br />$2,000,000 <br />Sportsplex $6,000,000 $6,000,000 <br />Total County Projects $13,350,000 $13,350,000 <br />o a ropose erna rve <br />Financing for School and <br />County Projects <br /> <br />$22,000,000 <br /> <br />$22,000,000 <br />Finance, Budget, Purchasing and Manager staffs spoke with the Local Government <br />Commission (UGC) regarding the debt issuance plans outlined in the above chart. Comments <br />received from the t.GC staff regarding the plan were favorable. <br />For further information, feel free to contact me at extension 2151, <br />