Orange County NC Website
Mechanical Systems <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:Orange County Schools Starting Date:7/1/17 Expansion <br />Project Number:51029 Completion Date:Ongoing Renovation X <br />Replacement X <br />Project Description/Justification:Funding of $100,000 in FY <br />2018-19 includes mechanical system replacements at New <br />Hope Elementary. Funding of $1,826,007 in FY 2019-20 <br />includes mechanical system replacement at Cameron Park <br />Elementary and Grady A. Brown Elementary, and system <br />design work at New Hope Elementary. Funding of $100,000 in <br />FY 2020-21 includes mechanical systetm replacement at New <br />Hope Elementary. Funding of $10,373,164 in FY 2021-22 <br />includes mechanical systems replacement at Cameron Park <br />Elementary, A.L. Stanback Middle, Central Elementary, <br />Efland-Cheeks Global Elementary, Hillsborough Elementary, <br />and New Hope Elementary. <br /> <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 - 175,000 <br /> Construction/Repairs/Renovations - 1,735,304 <br /> Improvements to Older Facilities 100,000 75,000 100,000 175,000 <br /> Bond Projects 1,751,007 10,373,164 12,124,171 <br /> Equipment/Furnishings 10,891,761 - <br /> Total Project Budget:10,891,761 100,000 1,826,007 100,000 10,373,164 - - 12,299,171 1,910,304 <br />Revenues/Funding Source <br /> From General Fund (PAYG)1,269,140 - <br /> From Article 46 Sales Tax Proceeds <br /> Qualified School Construction Bonds 722,621 <br /> Debt Financing - School Improvements - 1,910,304 <br /> Debt Financing - Older Facilities 100,000 75,000 100,000 175,000 <br /> Bond Proceeds - Financing 8,900,000 1,751,007 - 10,373,164 12,124,171 <br /> Grant Funds - <br /> Total 10,891,761 100,000 1,826,007 100,000 10,373,164 - - 12,299,171 1,910,304 <br />Education Related Operating Costs <br /> Personnel Services - <br /> Operations - <br /> Recurring Capital <br /> New/Addl Revenue - <br /> Total Operating Costs -------- <br />145