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Durham Technical Community College – Orange County Campus <br />New Facilities <br />Project Category:School Capital Project Status:Planned Project Type <br />Functional Service <br />Area:Education Proposed Bid <br />Award Date:TBD New X <br />Department:DTCC Starting Date:TBD Expansion <br />Project Number:New Completion Date:TBD Renovation <br />Replacement <br />Project Description/Justification:The new facilities project <br />Includes a total of $26,547,911 in Years 6-10 for the planning <br />and construction of a new Academic Building on the Orange <br />County Campus, consisting of 56,000 square feet and surface <br />parking of 250 spaces. $547,290 of this amount will be used for <br />planning and design, and this represents the County match <br />requirement for the use of $1,000,0000 in voter approved March <br />2016 State Connect Bond funds. The $1,000,000 will also be <br />used for advanced planning on this project. <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 ----1,800,000 <br /> Construction/Repairs/Renovations - - - 24,747,911 <br /> Equipment/Furnishings - <br /> Total Project Budget:--------26,547,911 <br />Revenues/Funding Source <br /> From General Fund (PAYG)-- <br /> Debt Financing ------26,547,911 <br /> Grant Funds - <br /> Total --------26,547,911 <br />Education Related Operating Costs <br /> Personnel Services - 560,000 <br /> Operations - 540,000 <br /> Recurring Capital <br /> New/Addl Revenue - <br /> Total Operating Costs -------1,100,000 <br />153