Agenda - 05-03-2005-9e - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: May 3, 2005 Action Agenda Item No. ~- 2- St1BJECT: Chapel Hill-Carrboro Board of Education Request for Additional Funding for Hiqh School #3 Construction DEPARTMENT: Manager/Budget PUBLIC NEARING: (Y/N) No ATTACHMENT(S): 04/22/05 CHCCS Superintendent Memo 04/19/05 CHCCS Staff Memo Manager's Recommended Reallocation of $12.8 Million from Elementary#10 Debt Interlocal Agreement w/Addenda HS#3 Questions/Observations INFORMATION CONTACT: John Link or Rod Visser, 245-2300 Donna Dean, 245-2151 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To consider a request from the Chapel Hill-Carrboro Board of Education to provide additional funding to increase the project budget for the construction of the third CHCCS high school by $7,534,200. BACKGROUND: At the County Commissioners' September 21, 2004 meeting, the Board reviewed and discussed the conceptual design for the third high school in the Chapel Hill- Carrboro school system. There was discussion about significant increases that are being experienced in the construction industry for the costs of raw materials such as steel and concrete. At the joint work session between the BOCC and the two school bcards on September 27, 2004, CHCCS staff outlined the then-anticipated financial impacts of materials cost increases on the project budget, Documents from the project architect indicated a likely overall project cost of $35.4 million and an anticipated project budget shortfall of about $4.5 million, As noted in the attached materials from CHCCS, constn~ction bids for the third high school were recently opened and were substantially higher than the estimates discussed in September 2004.. At their meeting an April 21, 2005, the Chapel Hill-Carrboro Board of Education approved a resolution requesting that the BOCC approve a capital project ordinance that would increase project funding for High School #3 by an amount of $7,534,200, for a total of $39,176,200, The BOCC's currently approved High School #3 project budget is $30,842,000. This includes a base amount of $27,8 million, $1.9 million in additional funding related to CHCCS' incorporation of project elements addressing smart growth initiatives, and an additional earmarking of $1.142 million in CHCCS school impact fees that were used to pay for additional costs of land acquisition for the project. Copies of the interlocal agreement and addenda between the BOCC