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Major Facility Renovations
<br /> Project Category: School Capital Project Status: Active Project Type
<br /> Functional Service Education Proposed Bid TBD New
<br /> Area: Award Date:
<br /> District: Chapel Hill-Carrboro Starting Date: 7/1/17 Expansion X
<br /> City Schools
<br /> Project Number: Bond Projects Completion Date: 4/30/23 Renovation X
<br /> Replacement X
<br /> Project Description/Justification: Funding totaling $72,108,000
<br /> from voter approved bond proceeds and $3,977,279 in financing
<br /> proceeds, in fiscal years 2017-18 through FY 2022-23, includes
<br /> reconstruction of Chapel Hill High School to address critical
<br /> maintenance issues including HVAC system updates, ADA +� `
<br /> updates, insufficient educational spaces, outdated science labs,
<br /> and facility deterioration, and funds for Lincoln Center
<br /> improvements. Also, included in Years 2-4 are funds from IT
<br /> reductions for emergency repairs/reserves within the district.
<br /> FINANCIAL SUMMARY
<br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br /> Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year 10
<br /> Appropriation
<br /> Land/Building
<br /> Professional Services
<br /> Construction/Repairs/Renovations -
<br /> Lincoln Center 1,436,000 2,672,000 2,672,000
<br /> Chapel Hill High School 68,600,900 -
<br /> Emergency Repairs/Reserve 601,000 1,124,467 250,900 431,179 968,833 1,650,912 661,442
<br /> Equipment/Furnishings -
<br /> Total Project Budget: 70,637,900 1,124,467 250,900 3,103,179 968,833 4,322,912 661,442
<br /> Revenues/Funding Source
<br /> From General Fund(PAYG) -
<br /> From Article 46 Sales Tax Proceeds 100,000 100,000
<br /> From Bond Proceeds 69,436,000 2,672,000 2,672,000
<br /> Debt Financing-Older Facilities 1,201,900 607,300 250,900 250,900
<br /> Debt Financing 517,167 431,179 868,833 1,300,012 661,442
<br /> Grant Funds -
<br /> Total 70,637,900 1,124,467 250,900 3,103,179 968,833 4,322,912 661,442
<br /> Education Related Operating Costs
<br /> Personnel Services
<br /> Operations
<br /> Recurring Capital
<br /> New/Addl Revenue
<br /> Total Operating Costs
<br /> 128
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