Orange County NC Website
Browse       Search
q <br />To: John Link, County Manager <br />From: Donna Dean, Budget Director <br />Subject: Possible Options for Additional Funding for Efland Water and Sewer <br />Date: February 15, 2006 <br />Per your request, I have reviewed options for additional funding necessary to complete the <br />water and sewer infrastructure in Efland.. Possible solutions include (1) "deferring" currently <br />available monies from County projects, (2) including monies in the alternative financing plans <br />scheduled for issuance in April 2006, or (3) some combination of item t and 2, Any deferments <br />that the Board pursues would be reinstated in the upcoming 2006 2016 GIP.. <br />Option 1. Borrow from Currently Available Funding in County Projects <br />My review of County projects with available (unspent) funds included those funded with pay-as- <br />you-go monies and 2004 two-thirds net debt reduction bonds (approved by the Board and <br />issued in 2004), The review was centered on two areas - (1) availability of unspent funds and <br />(2) criticality and timeline of current County projects, Examples of these projects include <br />parking improvements at Whitted Human Services Center, equipment and vehicle <br />replacements, Carrbora Library, roofing repairs, Central Recreation and Gym repairs, Jail <br />renovations, water reduction systems and Blackwood and Cate Farm stabilization, The chart <br />below offers my observation of projects, all or portions of which the Board may choose to defer <br />(and replenish at a later date according to a schedule that facilitates timely completion of the <br />affected project) to meet the funding shortfall for the water and sewer project: <br /> <br />Coun Pro ect <br />Ty J Potential Funding Available to <br />Offset Efland Water/Sewer <br />Shortfall Source of <br /> <br />Funding I~1 <br />Americans with Disabilities ADA Pro'ects $50,000 PAYG <br />Animal Shelter Re airs ~ $29,000 PAYG <br />Blackwood Farm Structure Stabilization $75,000 2004 Two Thirds <br />Buildin Ent Access $50,000 PAYG <br />Ca itai Re airs/Re lacement Emer enc Reserve $25,000 PAYG <br />Carrboro Libra $50,000 PAYG <br />Cate Farm Structure Stabilization $125,000 2004 Two Thirds <br />Central Recreation Re airs $635,000 2004 Two Thirds <br />Court Street Annex/112 N. Churton Street Re airs $25,000 PAYG <br />Dickson House Re airs $7,500 PAYG <br />Elevator Re airs & Im rovements $70,000 PAYG <br />E ui ment and Vehicle Re lacemetns $267,000 PAYG <br />Fire Alarm S stems $15,000 PAYG <br />Floorin Re lacements $241,000 PAYG <br />HVAC Re lacements $258,000 PAYG <br />Histodc Courthouse Re airs $15,000 PAYG <br />Jail Renovations $625,000 2004 Two Thirds <br />OHS Tennis Court Resurfacin $15,000 PAYG <br />Paintin Interior & Exterior of Facilties $127,000 PAYG <br />Parkin Lot Re airs/Paulo $140,000 PAYG <br />Parks O erations Base $230,000 2004 Two Thirds <br />Roofin Pro'ects $200,000 PAYG <br />Si na a $10,000 PAYG <br />Solid Waste Convenience Centers Re airs $40,000 PAYG <br />Utilities Extension Develo ment $25,000 PAYG <br />Water Demand Reduction S stems 8 E ui ment $60,000 PAYG <br />Water roofin & Draina e $221,000 PAYG <br />School Park Reserve Fundin izt $391,300 PAYG <br />Total $3 942 800 <br />"t PAYG =Pay-As-You-Go Funds; 2004 Two-Thirds = 2004 Two-Thirds Net Debt Reduction Bonds <br />tzr Monies transferred from School Park Reserve to General Fund in June 2005 <br />