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~- <br />CHAPEL HILL-CARRBORO CITY SCHOOLS <br />Lincoln Center, Merritt Mill Road <br />Chapel Hill, North Carolina 27516 <br />Telephone: (919)967-8211 <br />Neil G. Pedersen <br />Superintendent <br />Nettie Collins-Hart, Assistant Superintendent <br />for Instructional Services <br />Raymond J. Reitz <br />Chief Technology Qfficer <br />T0: .John Link <br />County Manager <br />FROM: Neil G.. Pederse <br />Superintendent <br />Steve Scroggs, Assistant Superintendent <br />for Support Services <br />RE: Appropriation of Funds for Third High School Site <br />DATE: May 21, 2004 <br />Pursuant to the steps required for reaching a settlement on the price of land acquired <br />through public condemnation, our attorney met with [he representatives of Glover <br />Enterprises on IvIay 13, 2004 in an effort to agree upon a sale price for the Glover property <br />that is needed for the third high schooh At the conclusion of the negotiations, Mr. <br />McCormick agreed to recommend to the Board of Education that it pay a total of $2.8 <br />million to Glover Enterprises for the property in question and all related costs. <br />Last night, May 20, the Boazd of Education received Mr, McCormick's recommendation <br />and approved the following resolution: Be it, ther-efa•e, resolved that the Board approves <br />the additional sum of $1,142,000 to Glover° Enterprises, I,LLP to setfZe the condemnation <br />lawsuit to be paid as soon as funds are appropriated to the Board of Education. <br />The $1,142 million figure is the balance that is awed to Glover Enterprises, The Board <br />agreed with Mr. McCormick that it was in the best interest of the Board to agree upon <br />this purchase price. <br />That same evening, the Board approved its requested CIP.. In the CIP, we <br />identified $1 million in 2006-07 and $500,000 in 2007-08 in a reserve accotutt to cover <br />unanticipated additional costs for the third high school, including paying additional funds <br />for land acquisition. The property owner, of course, cannot wait until that time for <br />payment.. In fact, the negotiated settlement called for payment of the balance by .July 1, <br />2004, <br />We are requesting that the Board of County Commissioners take two actions that <br />will allow us to move forward.. First, it needs to adopt the 2004-OS CIP as soon as <br />possible, or, at least, the projects pertaining to the thud high school, Secondly, we will <br />