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

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z and CHCCS that govern the third high school capital project are included for reference with this agenda item. The attached April 19, 2005 CHCCS staff memo alludes to the passibility that the requested funding could come from a redirection of a portion of the $12.8 million in alternative financing that the County had planned (but has since postponed) to issue far the design and construction of Elementary School #10. The CHCCS Board resolution does not specify a recommended ar requested source for the additional funding.. As Commissioners consider the CHCCS request, they may wish to refer to the table prepared for the BOCC's April 14, 2005 work session that outlined the Manager's recommendation for a potential reallocation of that $12.8 million in programmed debt. The Manager recommends that the Board consider the accompanying list of questions and observations that it may wish to use as a basis for soliciting additional information from CHCCS regarding the Board of Education's intentions far proceeding with the third high school project. That information is important so that the BOCC can make a fully informed decision about how to respond to the request for additional capital funding.. FINANCIAL IMPACT: To be determined based on the BOCC's ultimate decision regarding haw to respond to the CHCCS request for additional project funding. RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners: 1) review the accompanying materials; 2) determine what additional information it needs from the Chapel Hill-Garrboro Board of Education before rendering a response to the request for additional funding and 3) provide appropriate direction to the Manager and staff.