Orange County NC Website
10 <br /> The district's list for older schools prioritized for building improvements is consistent with the 9 <br /> older schools identified in the facility assessment and prioritized projects listed in the 2016 Bond <br /> funding request. Chapel Hill High School has been removed from the list of future projects as it <br /> is currently under renovation with funding from the 2016 Bond. <br /> Page 13 <br /> Sample from CHCCS Board Retreat <br /> Pre-K/Phoenix/Admin @ LC $39.07 million <br /> Carrboro Elementary $13.17 million <br /> Ephesus Elementary $6.10 million <br /> Estes Hills Elementary $5.76 million <br /> Frank Porter Graham Elementary $5.13 million <br /> Glenwood Elementary $5.32 million <br /> Seawell Elementary $6.28 million <br /> Culbreth Middle $10.71 million <br /> Phillips Middle $8.97 million <br /> 2019 Construction Cost $100.52 million <br /> 2024 Construction Cost $120.59 million <br /> Projects identified for the older school improvements listed above would increase capacity at <br /> the elementary level by 221 students. A second phase improvement would be to complete <br /> option 3 renovations at Ephesus Elementary School at $37.18 million, which completes <br /> necessary repairs and increases the school's capacity by 237 students. <br /> The annual projected inflation rate for construction costs is calculated at 6% per year for each <br /> year renovation projects are not completed. Delays in funding critical capital projects further <br /> exacerbates the funding gap on amount of capital funding received and the actual funding <br /> needed to complete necessary repairs to school buildings. <br /> Page 14 <br /> Summary of the costs for renovations to the nine oldest facilities based on the above options. <br /> Facility Name Option1 Costs Option 2 Costs Option 3 costs <br /> Carrboro ES $10.36-13.2M $14.43-$18.28M $26.48-$33.34 M <br /> Ephesus ES $4.69-$6.10M $11.82-$14.49M $29.76-$37.18M <br /> Estes Hills ES $4.36-$5.76M $10.75-$13.70M $29.45-$36.79M <br /> Frank Porter Graham ES $4.27-$5.13M $10.38-$12.77M $20.38-$25.22M <br /> Glenwood ES $4.18-$5.32M $14.35-$16.90M $25.67-$32.02M <br /> Seawell ES $5.08-$6.28M $11.10-$13.81 M $26.48-$33.34M <br /> Culbreth MS $8.37-$10.7M $17.45-$24.45M Same as option 2 <br /> Phillips MS $7.12-$8.97 $11.83-$14.86M Same as option 2 <br /> Lincoln Center $3.06-$3.95M $37.47-$39.07M Same as option 2 <br /> Construction Cost Total $51.50-$65.39M $138.64-$169.33M $244.96-$277.28M <br /> Jan 2024 Projection $64.53-$81.94M $173.71-$212.16M $281.87-$347.44M <br /> (+6% annual) <br />