Agenda - 04-26-2005- - Laserfiche WebLink

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would not require the BOCC to incur any additional debt. The exact language of that article follows, 4. Any amount by which t{:e total cost of CHCCS high school #.3 exceeds $27,800,000 will be paid for by BDARD OF EDUCATION pay-as-you-go CIP revenue not requiring the BOARD OF COMMISSIONERS to incur debt. As the funds required to meet the overage described earlier are designated in the BOCC alternatively financed elementary #10 project, no additional debt will be incurred by funding the overages. Elementary #IQ designated for the Chapel Hill - Carrboro City Schools, was delayed by the Commissioners from August 2007 trnttl August 2009 to insure that the debt capacity of the County drd not increase. An amount of $3,500,000 of that delayed project has already been allocated by capital ordinance to the Orange County Schools for overages experienced during the bidding and construction of their middle school #3, Other potential uses of the delayed project funding include the senior centers and the animal shelter. Additional Funding An additional funding amount of $2,200,000 was designated to HS #3 if the Board of Education met the "smart growth principles" as defined by the Board of County Commissioners.. Addendum "B" is included in its entirety for your review. Addendum "B" set forth a list of smart growth principles that would provide for a sustainable, compact building that would reduce the school's impact on the environment through efficient design, reduced site impact, improved walk ability, and alternative transportation considerations. In June of 2004, the Commissioners agreed that the Board of Education had met the majority of the "smart growth principles" and by resolution approved an additional $1,900,000 to the high school budget, The exact language of that resolution follows, NOW THEREFORE, pursuant to North Carolina General Statute §§ 160A-461 and I1.SC-4.31, the BOARD OF EDUCATION and the BDARD OF COMMISSIONERS agree: A. that the following smart growth promoting standards, if met in the design and plans for Phase 1 of CHCCS high school #.3, will satisfy $1,900,000 of the smart growth requirements of paragraph 8 of the INTERLOCAL AGREEMENT and $1,900,000 of the smart growth requirements of the INTERLOCAL, AGREEMENT ADDENDUM "A" (or CHCCS high school #.3r The remaining $300,000 of the original $2,200,000 has been reserved for transportation enhancements including improved sidewalks, bikeways, joint transportation analysis and exploration of potential shuttle buses, Those funds have not been applied for as the CUP process in Cazrboro is underway and alignment with the Town's plans and DOT plans for the improvement of Smith Leve] Road will be critical in providing a unified plan for walking, bikes and reduced vehicle traffic, This will include sidewalks along Rock Haven Road, Smith Level Road and Taz Heel Drive .