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ORANGE GOUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: April 25, 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): <br />Community College Task Force Report <br />Community College Financial Information <br />INFORMATION CONTACT: <br />Moses Carey, Jr. <br />John Link, ext. 2300 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />(Report Received November 21, 2000, Durham 688-7331 <br />Report Previously Discussed January Mebane 336-227-2031 <br />29 2001 <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. It was discussed by the BOCC on January 29, 2001. The Task Force <br />report recommended to the Orange County Board of Commissioners that a satellite campus of <br />Durham Technical Community College be established in Orange County. A satellite campus <br />would: <br />• serve the more than 6500 residents who take one or more classes at a community <br />college each year, and <br />•2• 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 same 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, as part of <br />the November 2000 bond referendum approval, Durham Technical Community College has <br />earmarked up to $4,000,000 that would have to be matched, dollar-for-dollar, with local funds <br />for an Orange County Satellite Campus. Some possibilities for local funding include general <br />obligation bonds, installment financing, earmarking of additional dedicated pay-as-you-go <br />revenues, in-kind expenditures, and contributions from the Towns and local businesses. The <br />deadline for a decision by Orange County is the end of 2006. <br />