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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: February 18, 1992 <br />SUBJECT: Public School Building Capital Fund Application <br />DEPARTMENT: Budget <br />ATTACHMENT(S): <br />Application Form <br />E <br />Action Agenda <br />Item No. Y1L -A <br />PUBLIC HEARING YES: NO: x <br />INFORMATION CONTACT: <br />Sally Kost Ext. 2151 <br />TELEPHONE NUMBER - <br />Hillsborough - 732 -8181 <br />Chapel Hill - 968 -4501 <br />Mebane - 227 -2031 <br />Durham - 688 -7331 <br />------------------------------------------------------------------- - --- -- <br />PURPOSE: To approve an application to the State Budget Office to release <br />funds for renovations and additions to Ephesus Elementary School from <br />Orange County's Public School Building Capital Fund account. <br />BACKGROUND: As of January 31, 1992, Orange County will have accumulated <br />a total just short of $2.8 million in Public School Building Capital <br />money since the creation of this State fund in 1987. Of this amount, <br />the County has already drawn down approximately $2.2 million in funding <br />for the New Hope Elementary School. The attached application would draw <br />down $245,680 of the remaining balance. This funding approach is <br />consistent with the 1991 -96 Capital Improvements Plan approved by the <br />Board in March, 1991. <br />The application process requires formal requests for funding from both the <br />Board of County Commissioners and the Board of Education of the school <br />system concerned. The Chapel Hill- Carrboro Board of Education approved <br />the application at their meeting on January 27, 1992. <br />RECOMMENDATION(S): The Manager recommends that the Board of <br />Commissioners approve the application for $245,680 in Public School <br />Building Capital Funds for Ephesus Elementary School, and authorize <br />the Chair to sign the application. <br />