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9 <br />ORANGE COUNTY BUDGET OFFICE <br />Donna Dean, Budget Director <br />208 South Cameron Street, Post Office Box 8181 • Hillsborough, NC • 27278 <br />Phone: 919-245-2151 • Fax: 919-644-3324 <br />E-Mail: ddean@co.orange.nc.us <br />To: John Link, County Manager <br />From: Donna Dean, Budget Director <br />Subject: Update on Local Match for Community College Satellite Campus <br />Date: January 9, 2001 <br />Orange County is the highest populated county in North Carolina without a main or <br />satellite community college campus. As a way to address this point, $4 million was <br />included in the recent voter approved . State bond referendum to construct a satellite <br />campus of Durham Technical Community College in Orange County. On November 21, <br />2000, the Commissioners received a report from the Board appointed Community <br />College Task Force. In summary, the report provided the following information: <br />• There is much community interest from citizens and businesses to locate a campus <br />in Orange County; <br />• An estimated 20 acres or more will be required for a 30,000 to 40,000 square foot <br />facility; <br />• Special consideration should be given to locating the proposed facility in close <br />proximity to an interstate highway and,. if possible, near businesses or business <br />parks; <br />• In order to receive the State bond funds, Orange County is required to provide a <br />match of $4 million; <br />• Once the planned facility is completed and is ready for operation, the County will be <br />responsible for annual. operating expenses for particular functions. <br />Upon receiving the report, members of the Board requested that staff provide additional <br />information related to the County's match of the State bond funds and anticipated <br />impacts on future operating budgets once a facility is complete. I recently met with <br />Barbara Baker, Vice President of Administrative and Support Services for DTCC and <br />Cynthia Carter, and the Community .College's Chief Financial Officer to discuss these <br />items. <br />Options for Orange County's $4 Million Construction Match <br />In order to receive the $4 million bond funds, Orange County must provide matching <br />funds of $4 million. The County has several options in providing this match: <br />• Local Bond Funds -- As the Board plans for the possible November 2001 <br />bond referendum, it is possible to include some portion of the match in the <br />funding package.