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<br />single prime contract on this project. Other multi-prime contracts have been successful in <br />the District, most notably Scroggs Elementary. The multi-prime contracts for the <br />construction of high school #3 are provided below with a comparison to the single prime <br />bid from the same contractor.. <br />Multi-Prime Contract <br />General Contractor $23,650,000 <br />HVAC $2,872,352 <br />Plumbing $1,719,410 <br />Electrical $1,840,241 <br />Sub Total $30,082,003 <br />Single Prime Contract <br />General Contract $31,005,000 <br />Difference $922,997 <br />The difference between the multi-prime and the single prime contract totals $922,997. <br />The cost differential is too large to wan ant acceptance of the single contract bid. <br />Fundin <br />The funding for HS #3 is described in detail in the hrterlocal Agreement between the <br />Orange County Commissioners and the Board of Education for the Chapel Hill - <br />Carrboro City School Board of Education. That agreement is provided in its entirety in <br />this package. The agreement was approved in June of 2003,. <br />The Interlocal Agreement provides funding for HS #.3 in a base amount of $27,800,000 <br />and additional funding of $2,200,000 if the Board of Education satisfies the "smart <br />growth principles" as defined in Addendum "B" The agreement was approved in .June of <br />2004. Each is explained separately below, <br />Base <br />According to the Interlocal Agreement, a base fimding amount of $27,800,000 was <br />agreed upon. A Capital Ordinance for the base amount has been approved by the County <br />Commissioners for that amount. The exact language of the ordinat~ee is provided below. <br />3. The BOARD OF COiYIIvI1SS1ONERSagrew to appropriate a total of $?7,800, 000 <br />for the total of all of the elements contained irr the Standen°ds for CHCCS high school #3 <br />with funding fi•orn bonds (approved for CHCCS elenrerrtary school #10), impact fees card <br />alternative, finarrcirrg. <br />In that agreement, if the amount needed for the high school exceeds the base amount, the <br />Board of Education would have to pay the overage from CIl' pay-as-you-go fiords that <br />