Orange County NC Website
Browse       Search
ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 5, 2005 <br />Action Agenda <br />Item No. 2 <br />SUBJECT: Recommendations for Reallocation of $12.8 Million in Programmed Debt <br />DEPARTMENT: Manager/Budget <br />PUBLIC HEARING: (YIN) No <br />ATTACHMENT(S): <br />Table - Manager's Recommendation far <br />Re-Allocation of $12,8 Million from ChiCCS <br />Elementary #10 to Other School and <br />County Priority Projects <br />INFORMATION CONTACT: <br />John Link or Rod Visser, ext 2300 <br />Donna Dean, ext 2151 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To review and discuss the Manager's recommendations related to reallocation of <br />$12.8 million in programmed County debt from Chapel Hill-Carrboro City Schools' (CHCCS) <br />Elementary #10 to other priority school and County projects. <br />BACKGROUND: At the April 14, 2005 work session, the Manager and staff presented <br />recommendations related to reallocations of currently programmed debt. Those proposals <br />included redirection among various other projects of $12.8 million allocated to the now-delayed <br />construction of Elementary School #10 in the Chapel Hill-Carrboro system, as outlined on the <br />accompanying table, This work session affords the Board an opportunity to discuss this subject <br />in more detail. The Manager's recommendation related to CHCCS High School #3, and the <br />Board's discussion of that topic at their regular meeting on May 3, 2005, may influence the <br />Board's decisions at this May 5 work session.. <br />FINANCIAL IMPACT: As noted on the accompanying table. <br />RECOMMENDATION(S): The Manager recommends that the Board provide appropriate <br />direction to the Manager and staff regarding reallocation of the $12,8 million in debt previously <br />programmed for CHCCS Elementary School #10. <br />