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28 <br /> # Staff Pa id cl ose aften Lion to th ree major a reaa ; <br /> o nstru tin fa iiities apprived by the voters its the 75 million bond <br /> referendum <br /> Addressing other facility needs identified last spring but not included one <br /> recent November 2001 bond <br /> Considering the Counter ' s current fiscal envircriment and rrtinimizing our <br /> impact on taxpayers <br /> • Meeting the feeds <br /> o Schools <br /> ■ Enable both schcol districts to meet their highest priorfty projects in the <br /> immediate future ( Elementary #fig and health and indoor air qualit � at <br /> Hillsborough Elementary and Chapel Hill High ) <br /> Allows adequate planning time for both CHCCS Elementary # 1 g and OCS <br /> diddle School # 3 (with construction being cc mpleted spring /summer 2QQ6 <br /> and doors opening in fiscal year 200 &07 ) <br /> ■ Alternative financing , phased in over a period of time , allows for <br /> renovations of current school facilities and offers funds for CHCCS to <br /> begin planning for High School # <br /> Senlor Centers <br /> ■ Allows County to stay can target to have the Chapel Hill Senior Center ( to <br /> be located at Southern Human Bervires Center site ) opening summer <br /> 006 (as the lease on the GaIlleria expires on June 30 . 2006 ) <br /> ■ irtiee a vita has not been chosan for tha Northarn /Central Orange Center , <br /> funding for it would come in the latter part of the timetable <br /> n Furls , Recreation and Open Space <br /> ■ Allows time for County and Towns to come together and collaborate on <br /> timetables that balance both the citizens ' needs and the amount of debt <br /> we can afford each year <br /> ommunity College Satellite Campus <br /> ■ With the proposed July 2002 alternative financing timetable * there are <br /> funds to purchase land and begin planning a now facility <br /> ■ Funding for ,actual construction of the facility could begin as early as ,duly <br /> 004 <br />