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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 1 and 2. Any deferments <br />that the Board pursues would be reinstated in the upcoming 2006 2016 CIP. <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, Carrboro 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 />County Project Potential Funding Available to <br />Offset Efland Water/Sewer <br />Shortfall Source of <br />1+1 <br />Funding <br />Americans with Disabilities ADA Projects $50,000 PAYG <br />Animal Shelter Repairs $29,000 PAYG <br />Blackwood Farm Structure Stabilization $75,000 2004 Two Thirds <br />Building Ent Access $50,000 PAYG <br />Capital Repairs/Replacement (Emergency) Reserve $25,000 PAYG <br />Carrboro Libra $50,000 PAYG <br />Cate Farm Structure Stabilization $125,000 2004 Two Thirds <br />Central Recreation Repairs $635,000 2004 Two Thirds <br />Court Street Annex/112 N. Churton Street Repairs $25,000 PAYG <br />Dickson House Repairs $7,500 PAYG <br />Elevator Repairs & Improvements $70,000 PAYG <br />Equipment and Vehicle Re lacemetns $267,000 PAYG <br />Fire Alarm Systems $15,000 PAYG <br />Flooring Replacements $241,000 PAYG <br />HVAC Replacements $258,000 PAYG <br />Historic Courthouse Repairs $15,000 PAYG <br />Jail Renovations $625,000 2004 Two Thirds <br />OHS Tennis Court Resurfacing $15,000 PAYG <br />Painting Interior & Exterior of Facilties $127,000 PAYG <br />Parkin Lot Repairs/Paving $140,000 PAYG <br />Parks Operations Base $230,000 2004 Two Thirds <br />Roofing Projects $200,000 PAYG <br />Si na a $10,000 PAYG <br />Solid Waste Convenience Centers Repairs $40,000 PAYG <br />Utilities Extension Development $25,000 PAYG <br />Water Demand Reduction Systems & Equipment $60,000 PAYG <br />Waterproofing & Drainage $221,000 PAYG <br />School Park Reserve Funding (2) $391,300 PAYG <br />Total $3,942,800 <br />PAYG = Pay-As-You-Go Funds; 2004 Two-Thirds = 2004 Two-Thirds Net Debt Reduction Bonds <br />t2I Monies transferred from School Park Reserve to General Fund in June 2005