|
An additional $1,142,000 was provided for the project from future impact fees to
<br />complete the acquisition of the Glover property and that figure has been included in the
<br />summazy provided below,
<br />An additional $500,000 dollazs has been allocated to the project by (1) the dedication of
<br />the state sales tax refund for the project, $450,000, and (2) the dedication of the $50,000
<br />from the Department of Transportation back into the building fund, This additional
<br />revenue will reduce the amount of funding required from the County Commissioners.
<br />Summary
<br />The following spreadsheet highlights the additional funding required to complete the high
<br />schooh
<br />Total Bullding
<br />Multi-Prime Contract
<br />General Contractor $23,650,000
<br />_
<br />HVAC ~ $2,872,352
<br />Plumbing _ $1,719,410
<br />Electrical $1,840,241
<br />Sub Total $30,082,003
<br />Fees $2,162,500
<br />Non•Personnel Start Up $500,000
<br />Technology $1,000,000
<br />Movable Furniture ~ $800,000
<br />Contingency $750,000
<br />Land $3,531,697
<br />Total Contract $38,626,200
<br />Funding
<br />Interiocal Agreement $27,600,000
<br />Addendum "B" $1,900,000
<br />Addendum "B° Transportation ~ $300,000
<br />Additional Funding for Land ~ $1,142,000
<br />Sales Tax/Bus Refund $500,000
<br />Total $37,642,000
<br />Contract ~ $36,626,200
<br />Additional Funding Required $71a4200
<br />Percent Overage from 31,642k 23%
<br />Percent Overagefrom 30,000k 24%
<br />The additional funding required to complete high school #3 above and beyond the
<br />existing available furiding is $7,184,200, This represents a 23% overage from available
<br />funding and a 24% overage from the original $30,000,000 amount. This compares to the
<br />19% overage Orange County Schools experienced with their middle school. This funding
<br />level would provide a complete school with an auditorium, full fields and tennis courts.
<br />
|