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<br />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 />summary provided below.
<br />An additional $500,000 dollars 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 higlilights the additional fimding required to complete the high
<br />school
<br />Total Bulidino
<br />Multi-Prime Contract
<br />General Contractor $23,650,000
<br />FNAC $2,872,352
<br />Plumbing $1,719,410
<br />Bectrical $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 $38,826,200
<br />Funding
<br />Interlocai Agreement $27,800,000
<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 $31,642,000
<br />
<br />Contract $38,826,200
<br />Off Site Improvements $350,000
<br />Sub Total $39,176,200
<br />Additional Funding Required $7,534,200
<br />
<br />Percent Overage from 31,642k 24%
<br />Percent Overage from 30,000k 25%
<br />The additional funding required to complete high school #3 above and beyond the
<br />existing available funding is $7,534,200. This represents a 24% overage from available
<br />fwrding and a 25% 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.
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