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Attachment 1
<br /> Schools Capital Projects Summary- RECOMMENDED (with All Revisions)
<br /> Fiscal Years 2017-22
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> Projects by School System Funding 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Total Year 10
<br /> Chapel Hill Carrboro City Schools
<br /> Long Range Capital
<br /> Debt Financing-Capital Projects° 2,283,027 1,124,181 2,387,709 2,423,525 2,459,877 8,395,293 12,864,051
<br /> Lottery Proceedst2l 828,330 815,174 815,174 815,174 815,174 815,174 4,075,870 4,075,870
<br /> Article 46 Sales Tax Proceeds(3) 903,670 1,055,203 1,097,411 1,141,308 1,186,960 1,234,439 5,715,322 6,953,563
<br /> Facility Improvements to Older Schools 600,900 601,000 601,000 601,000 601,000 2,404,000
<br /> 2/3 Net Debt Bonds 2,317,658 1,228,242. 3,545,900
<br /> Deferred Maintenance Projects(4) 34,970,659
<br /> Bond Referendum Projects(5) 24,036,000 24,036,000 24,036,000 48,072,000
<br /> Total 28,651,927 4,789,035 28,902,009 4,945,191 29,062,659 4,509,490 72,208,385 58,864,143
<br /> Orange County Schools
<br /> Long Range Capital
<br /> Debt Financing-Capital Projects° 1,516,319 746,336 1,585,185 1,608,963 1,633,097 5,573,581 8,540,364
<br /> Lottery Proceeds(2) 528,032 541,188 541,188 541,188 541,188 541,188 2,705,940 2,705,940
<br /> Article 46 Sales Tax Proceeds(3) 600,193 700,543 728,564 757,707 788,015 819,536 3,794,365 4,616,425
<br /> Facility Improvements to Older Schools 399,100 399,000 399,000 399,000 399,000 1,596,000
<br /> 2/3 Net Debt Bonds 1,538,678 I 815,422 2,354,100
<br /> Deferred Maintenance Projects(4) 22,418,212
<br /> Bond Referendum Projects(5) 15,964,000 15,964,000 15,964,000 31,928,000
<br /> Total 19,007,644 3,179,409 19,194,510 3,283,080 19,301,166 2,993,821 47,951,986 38,280,941
<br /> Durham Tech Community College(Orange County Campus)
<br /> Long Range Capital
<br /> State Bond-County Match(6) 547.911 547,911
<br /> Construction/Expansion Project° - - - 20,000,000
<br /> Total - - 547,911 - - - 547,911 20,000,000
<br /> Total all Schools 47,659,571 7,968,444 48,644,430 8,228,271 48,363,825 7,503,312 120,708,282 117,145,084
<br /> Revenues/Funding Source
<br /> General Fund(Pay-As-You-Go) 3,799,346 -
<br /> Lottery Proceeds 1,356,362 1,356,362 1,356,362 1,356,362 1,356,362 1,356,362 6,781,810 6,781,810
<br /> Article 46 Sales Tax Proceeds 1,503,863 I 1,755,746 1,825,976 1,899,015 1,974,975 2,053,976 9,509,689 11,569,988
<br /> Debt Financing-Durham Tech(Orange Co Campus) 547,911 - - - 547,911 20,000,000
<br /> Debt Financing-Bond Proceeds 40,000,000 - 40,000,000 - 40,000,000 - 80,000,000 -
<br /> Debt Financing-2/3 Net Debt Bonds 3,856,336 2,043,664 5,900,000
<br /> Debt Financing-School Capital/Facility Improvements 1,000,000 1,000,000 2,870,517 4,972,894 5,032,488 4,092,974 17,968,873 78,793,286
<br /> 47,659,571 7,968,444 48,644,430 8,228,271 48,363,825 7,503,312 120,708,282 117,145,084
<br /> Note: School Construction is guided by the Schools Adequate Public Facilities Ordinance(SAPFO)projections of capacity and need. The FY 2017-22 CIP is based on the most recent
<br /> proposed SAPFO projections shared with the Board of County Commissioners in December 2016,scheduled to be certified in Spring 2017.
<br /> Cl)Debt Financing is assumed to be utilized beginning in Year 2 for School Capital Projects instead of previously used Pay-As-You-Go funds;reflects a 1.5%annual growth throughout
<br /> the years of the CIP.
<br /> (2)Lottery Proceeds are assumed at the same amount throughout the remaining CIP period,based on the most recent lottery estimates from the State. The County uses Lottery
<br /> Proceeds towards school debt service and substitutes that amount of proceeds as additional PAYG funds to each school system based on the Average Daily Membership(ADM).
<br /> (3)Article 46 Sales Tax Proceeds reflect a 4.0%annual growth throughout the years of the CIP.
<br /> (4)Includes deferred maintenance items related to the Facilities Assessment findings from both school systems.
<br /> (5)Bond Referendum approved by voters in November 2016,with first issuance in Fall 2017,based on current ADM.
<br /> (6)Includes the County match for the Durham Technical Community College-Orange County Campus,based on the voter approved March 2016 State Bond.
<br /> PI Includes construction of a Health Technology Building(56,000 square foot)and surface parking of 250 spaces.
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