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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: January 29, 2001 <br />Action Agenda <br />Item No. <br />SUBJECT: Community College Task Force Report and Financial Information <br />DEPARTMENT: County Commissioners PUBLIC HEARING: (Y/N) No <br />County Manager <br />ATTACHMENT(S): INFORMATION CONTACT: <br />Moses Carey, Jr. <br />Community College Task Force Report John Link, ext. 2300 <br />Community College Financial Information TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To give the BOCC the opportunity to continue discussions on the Community <br />College Task Force report, the financial considerations associated with an Orange County <br />satellite community college campus, and other related issues. <br />BACKGROUND: The BOCC received the Community College Task Force report during <br />November of last year. The Task Force report recommended to the Orange County Board of <br />Commissioners that a satellite campus of Durham Technical Community College be established <br />in Orange County. A satellite. campus would: <br />? serve the more than 6500 residents who take one or more classes at a community <br />college each year, and <br />? offer a gateway to the future for residents by providing a more comprehensive, <br />centralized location for adult training and education services in the County. <br />The BOCC later received some additional financial information related to a satellite community <br />college campus in Orange County. A copy of the Task Force report and the financial <br />information is attached for reference purposes. <br />FINANCIAL IMPACT: Although there is no immediate financial impact associated with further <br />discussion on a potential satellite community college campus, it should be noted that the <br />General Assembly has earmarked $4,000,000 for an Orange County Satellite Campus of <br />Durham Technical Community College that would have to be matched, dollar-for-dollar, with <br />local funds. Some possibilities for local funding include general obligation bonds, installment <br />financing, earmarking of additional dedicated pay-as-you-go revenues, in-kind expeditures, and <br />contributions from the Towns and local businesses.