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54 <br /> Slide #27 <br /> Proposed Timeline <br /> Proposed 2024 Capital Planning and Bond Referendum Schedule <br /> 8, B0CCadopts preliminary resolution esta bl ishing the band purposes)and sets not to <br /> exceed bond anInt(s). Neither the purpose nor the not to exceed amvuntmaychange April 2"dgOCCBusinrrssMeeting <br /> ollowrng this action, <br /> 9. IB0CC appoints a bond education commItteeand approprlates funds for outreach April 26",80CCBusinessMeeting <br /> 10. Staff publishes a notice of intent to file an application for a general obligatlon bond By May 1 <br /> referendum <br /> JUL. Staff fIles bond applicatlon with the Local Government Commission By May 10 <br /> 12. B0CC introduces bond order and schedules a public hearing May7�SOCC Business Meeting <br /> 11 BOCC holds public hearing on bond referendum Afay2V BOCC Bvshmss Mee#ng <br /> 14. B0CCadapts the bond order,formally set the ballot question and referendum date June4"'BOCC Business Meeting <br /> 15. Community vote an band referendum November 5,2024 <br /> ORANGE COUNTY <br /> 27 rvrc7121-1i C:tlxca"NA <br /> PUBLIC COMMENTS: <br /> George Griffin, CHCCS Board Chair read the following statement: <br /> "Good evening Commissioners, I'm George Griffin and I'm Chair of the Chapel Hill- <br /> Carrboro City Schools Board of Education. I speak tonight on behalf of our Board, our <br /> superintendent and several district leaders who are with us this evening. CHCCS is genuinely <br /> appreciative of your continued support of our public school system. As you <br /> review financing scenarios for the School Long Range Facilities Optimization Plan, we are here <br /> to focus and support several options under your consideration. The long-range plan produced by <br /> Woolpert outlines a total of four scenarios to address the next five-to-fifteen years of school facility <br /> needs. Chapel Hill-Carrboro City Schools favors serious consideration of'Scenario D', which adds <br /> a $630 million bond to fund phases I & 11 over ten years. However, if the Commissioners feel as <br /> though Scenario D is too ambitious, we feel Scenario "C-2" is a reasonable compromise. In short, <br /> C-2: <br /> • Provides $130 million to fund short-range and mid-range projects for Orange County <br /> Government over ten years. <br /> • Adds a $300 million school bond for major projects in both school districts, and $100 <br /> million in pay-as-you-go, to provide flexibility during economic downturns over the next 10 <br /> years. <br /> • When combined with existing and planned resources, yields total school resources of <br /> $548 million which meets the Woolpert Option C target of$541.2 million with an additional <br /> $6.8 million to address other priority needs. <br /> No matter which scenario is preferred by the Commissioners, the Chapel Hill-Carrboro <br /> Board of Education requests that the allocated bond funds be distributed on an ADM basis <br /> (58.44% to CHCCS) and not on a project basis. There remains a persistent myth going back <br /> decades that there are funding inequities between the two school systems in Orange County <br />