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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 7, 2005 <br />Action Agenda <br />Item No. <br />SUBJECT: Chapel Hill-Carrboro City Schools Hiqh School #3 Capital Project Ordinance <br />DEPARTMENT: ManagerlBudget/Attorney PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />Proposed Capital Project Ordinance John Link or Rod Visser, 245-2300 <br />Donna Dean, 245-2151 <br />Geof Gledhill, 732-2196 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To consider approval of a revised capital project ordinance to fund construction of <br />Chapel Hill-Carrboro City Schools (CHCCS) High School #3. <br />BACKGROUND: At the County Commissioners' September 21, 2004 meeting, the Board <br />reviewed and discussed the conceptual design for the third high school in the Chapel Hill- <br />Carrboro school system, There was discussion about significant increases that are being <br />experienced in the construction industry for the costs of raw materials such as steel and <br />concrete. At the joint work session between the BOCC and the two school boards an <br />September 27, 2004, CHCCS staff outlined the then-anticipated financial impacts of materials <br />cost increases on the project budget, Documents from the project architect indicated a likely <br />overall project cost of $35.4 million and an anticipated project budget shortfall of about $4.5 <br />million. <br />Construction bids for the third high school were opened in late April 2005 and were substantially <br />higher than the estimates discussed in September 2004, At their meeting on April 21, 2005, the <br />Chapel Hill-Carrboro Board of Education approved a resolution requesting that the BOCC <br />approve a capital project ordinance that would increase project funding for High School #3 by <br />an amount of $7,534,200, for a total of $39,176,200. At the May 5, 2005 work session, the <br />BOGC decided to allocate an additional $4,3 million of funding for this construction project, <br />That additional funding will come from alternative financing for the CHCCS Elementary School <br />#10 project that is already included in the BOGC-endorsed debt issuance schedule, but not <br />needed at this time for Elementary #10. <br />The BOCC's currently approved High School #3 project budget is $30,842,000, This includes a <br />base amount of $27,8 million, $1,9 million in additional funding related to CHCCS' incorporation <br />of project elements addressing smart growth initiatives, and an additional earmarking of $1,142 <br />million in CHCCS school impact fees (to be "repaid" from future CHCCS pay-as-you-go capital <br />