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41 <br /> Durham Technical Community College - Orange County Campus New Facilities <br /> Project Category School Project Status: Planned Project Type <br /> Functional Service Area: Education Proposed Bid Date: TBD New X <br /> School System: DTCC Starting Date: TBD Expansion <br /> Project Number: SDT01 Completion Date: TBD Renovation <br /> Replacement <br /> Project Description/justification: <br /> The new facilities project Includes a total of$26,547,911 in Years 1-3 for the planning and construction of a new <br /> Academic Building on the Orange County Campus, consisting of 56,000 square feet and surface parking of 250 <br /> spaces. $547,290 of this amount will be used for planning and design, and this represents the County match <br /> requirement for the use of$1,000,0000 in voter approved March 2016 State Connect Bond funds. The$1,000,000 <br /> will also be used for advanced planning for this project in year 1. <br /> FINANCIAL SUMMARY <br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 <br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to <br /> Project Budget Funding 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total Year10 <br /> Appropriation <br /> Professional Services 1,000,000 1,000,000 <br /> Construction/Repairs/Renovations 14,000,000 11,547,911 25,547,911 <br /> Appropriation Total 1,000,000 14,000,000 11,547,911 26,547,911 <br /> Revenues/Funding Source <br /> Debt Financing-Durham Tech 1,000,000 14,000,000 11,547,911 26,547,911 <br /> Revenues/Funding Source Total 1,000,000 14,000,000 11,547,911 26,547,911 <br />