Orange County NC Website
Browse       Search
21 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS ,p l VL AV <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 25, 2001 <br /> Action Agora <br /> kern No. <br /> SUBJECT: Community College Task Force Report and Financial Information <br /> DEPARTMENT: County Commissioners PUBLIC HEARING: (Y&q No <br /> County Manager <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Moses Carey,Jr. <br /> Community College Task Fore Report John Unk,•eA 2300 <br /> Community College Financial Information TELEPHONE NUMBERS: <br /> Hillsborough TU4181 <br /> Chapel Hill 9684501 <br /> (Report Received November 21,2000, Durham 688-7331 <br /> Report Previously Discussed January Mebane 33627,2031 <br /> 29, 2001) <br /> PURPOSE: To give the BOCC the opportunity to continue discussions on the Community <br /> College Task Fore 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 SOCC 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 /> 0' serve the more than 6500 residents who take one or more dosses at a'community <br /> college each year, and <br /> 0 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 some 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 /> *ha November2=-boond-referendum-approval,-Durham lechnicaUCommunity-Collegefias <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, n-Tnd—expend u,�—contrib tioiis from the Towns and local businesses. The <br /> deadline for a decision by Orange County is the end of 2006. <br /> Thursday,April 11,2002(4).max <br />