Agenda - 08-18-1992 - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda ACTION AGENDA ITEM ABSTRACT Item No JZ---R Meeting Date: August 18, 1992 SUBJECT: Public School Building Capital Fund Application -- Ephesus Elementary ----------------_-- -----------_ M DEPARTMENT Budget -- `_ - - -� PUBLIC HEARING YES NO X ATTACHMENTS) INFORMATION CONTACT -- -� Application: Public School Sally Kost ext. 2151 Building Capital Fund TELEPHONE NUMBER Hillsborough 732 -8181 Chapel Hill 968 -4501 Mebane 227 -2031 Durham 688 -7331 -------- ------- ----------------------------------------- ------ ------- - PURPOSE: To approve an application to the State Budget office to release funds from Orange County's Public School Building Capital Fund account for the renovation and addition to Ephesus Elementary School. BACKGROUND: As of June 30, 1992, Orange County has accumulated a total Of just over $2.8 million in Public School Building Capital money since the creation of this state fund in 1987. Of this amount, the County has already drawn down approximately $2.4 million in funding for the New Hope Elementary School and the addition /renovation to Ephesus Elementary School. The attached application would draw down an additional $379,258 of the remaining balance and increase the amount of the Ephesus project funding from State funds from $245,680 to $624,938. This funding approach is consistent with the 1992 -97 Capital Improvements Plan approved by the Board in June, 1992. The application process requires formal requests for funding from both the Board of County Commissioners and the Board of Education of the school system concerned. The Chapel Hill- Carrboro Board of Education approved the application at their meeting on August 10, 1992. RECOMMENDATION(S): The Manager recommends that the Board of Commissioners approve the application for $624,938 in Public School Building Capital Funds for Ephesus Elementary School, and authorize the Chair to sign the application.