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Board reviewed the proposed agreement and directed staff to revise the document to reflect <br />several changes the Board wishes to make before approving the agreement. <br />FINANCIAL IMPACT: Construction of Smith Middle School is being financed by the County <br />through general obligation bonds and school impact fees. Under the agreement, the County will <br />be responsible for $75,000 of the field construction cost, and an estimated $41,500 in costs for <br />drainage improvements. This total of $116,500 is within the scope of the $225,000 the BOCC <br />planned to make available for Smith Middle School field improvements, as outlined in the <br />Board's policy for funding joint school/park projects that was adopted in December 1999. Some <br />or all of the remaining $108,500 may be needed at some point in the future if a decision is <br />made to provide lighting or other enhancements for field 3b. <br />RECOMMENDATION(S): The Manager recommends that the Board: 1) approve the proposed <br />agreement, subject to final review by staff and the County Attorney; and 2) authorize the Chair <br />to sign the final agreement in substantially the form of the attached version (following <br />anticipated review of BOCC-requested changes by the Carrboro Board of Aldermen and the <br />Chapel Hill-Carrboro Board of Education).