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Major Facility Renovations
<br />Project Category:School Capital Project Status:Active Project Type
<br />Functional Service
<br />Area:Education Proposed Bid
<br />Award Date:TBD New
<br />District: Chapel Hill-Carrboro
<br />City Schools Starting Date:7/1/17 Expansion X
<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updates, insufficient educational spaces, outdated science labs,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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