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5 <br /> — Funded by Article 46 sales tax <br /> — Annual scholarship of$1,000 per student <br /> — Open to recent high school graduates and GED recipients <br /> Durham Technical Community College (pie chart) <br /> • Durham Tech Promise — page 65 <br /> o Orange County Durham Tech Promise Students by Ethnicity <br /> Durham Technical Community College (pie chart) <br /> • Durham Tech Promise — page 65 <br /> o Orange County Durham Tech Promise Students by Gender <br /> Durham Technical Community College (pie chart) <br /> • Durham Tech Promise — page 65 <br /> o Orange County Durham Tech Promise Students by School <br /> Durham Technical Community College <br /> • Capital Investment Plan — page 135 of CIP <br /> o New Academic Building Moved to Years 6-10 <br /> — $26.6 million total estimated project costs <br /> — Estimated at 40,000 —45,000 square feet <br /> — Additional 250 parking spaces <br /> o Project Phasing <br /> — Year One: Planning and Design - $1 million <br /> — Year Two: Site Preparation and Construction - $14 million <br /> — Year Three: Project Completion - $11.6 million <br /> o Current Debt Service Satisfied in FY2027 <br /> Debt Service Projections - Projected Debt Service Schedule <br /> Debt Service to General Fund Revenue Projection <br /> Commissioner Dorosin said he wanted clarification about the capital project, and he <br /> would like to move this project out of years 6-10, and into years 1-5. He asked if the BOCC <br /> were to bring this project forward, would it need to find offsetting funds, and how would that <br /> look. <br /> Travis Myren said this can be looked at on a yearly basis, but the cumulative effect on <br /> debt service would be for the total 5 years. <br /> Commissioner Dorosin asked Dr. Ingram if the BOCC did move this project up, so year <br /> 1 was next year, does Durham Tech have the capacity to execute that in that timeframe. <br /> Dr. Ingram said yes, and the timeframe would include some planning. <br /> Commissioner Price asked if capital costs would be included in the first year, versus <br /> planning being in the first year. <br /> Travis Myren said the first year would be $1 million for planning and design, with <br /> construction costs in years 2 and 3. <br /> Commissioner Price asked if the County can borrow funds for the planning process. <br /> Travis Myren said yes, as long as the funds are connected to a fairly certain capital <br /> project. <br /> Commissioner Price asked if this is the best time to start this project given that DTCC is <br /> in search of a new President, and will be in a time of transition and a pandemic. <br />