Agenda - 05-26-1992 - Laserfiche WebLink

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I'll CHAPEL HILL- CARRBORO CITY SCHOOLS The Chapel Hill - Carrboro City Schools have undertaken a Capital improvements program based on the Lona Rance Facilities Pfan for the Nineties. Funds available from bonds and pay -as- you -go sources for continuing projects for the period 1991 -92 through 1996 -97 total $21.7 million as shown on the appropriation schedule on the next page. An increasing number of children in schools continues to drive the capital needs of the Chapel Hill- Carrboro system. In this planning period, the State Department of Instruction is projecting that the District's student population will grow by an average of just over three hundred children per year. In order to help accommodate these children, the District is planning for the construction of four new schools by the end of this decade. Two of these schools, a high school and a middle school are part of the $52 million bond package which will go before the voter's in November 1992. The Schools are anticipating a second bond referendum to fund at least one additional elementary school. To partially offset the cost of new facilities, the Board of Commissioners plans to implement impact fees on new residential development effective July 1. The first two million dollars generated from these fees will go toward the construction of the two new schools contained in the November bond package. In order to ensure that planning for the middle school continues and to work toward a Fall of 1994 opening, the Chapel Hill- Carrboro Schools request that funds be transferred from the Chapel Hill High School Phase 11 project and from the Reserve for Future Projects account to the account, "Planning for New Middle School." During 1991 -92, $40,000 was transferred from the Phase II High School project and $180,000 from the reserve for future project. In this Capital Improvements Plan, the system is requesting that an additional 5375,000, which would otherwise go toward Phase II of the high school project, be allocates for the middle school. In addition to the projects identified to be funded by available pay -as- you -go funding, the Chapel Hill- Carrboro City Schools have identified $67.6 million of projects which are not funded. Of this amount, S36 million would be paid by bond proceeds from the November election and $2 million from impact fees. The source of funds for the remaining projects has not been "identified. These projects are listed in the Appendix A of this document. ORANGE COUNTY CAPITAL IMPROVEMENTS PLAN