Agenda 05-07-24; 7-a - Discussion on Statutes and Policies Regarding Project-Based School Capital Funding

Browse Search

44 �7 identified and preserved. The collaboration work group asked that aletter bosent tothe towns tothis effect. There has been aresponse from Carrboro only. Dennis Whitling said that the OCS Board met with the Town of Hillsborough and discussed this topic, and the two boards were on the oorne page. He said that[)C8 in moving forward with the Town ofHillsborough onsome ideas. Chair Carey asked about oproposed meeting with the Town mfMebane and Dennis VVhUUingsaid that there are plans bJdothis. Superintendent Pedersen asked about next steps after they get responses and contacts and who would take the lead in this pnzoeaa. Chair Carey said that the Board has not discussed this yet. Hgsaid that once contacts have been identified then Orange County staff could facilitate the first meeting with all the entities. Commissioner Gordon made reference toahandout she distributed at the County Commissioners' meeting onMarch 27m. She said that the general idea ofthese groups getting together was implemented bvthe Schools and Land Use Council years ago. ThaSLUC initiated the Schools Adequate Public Facilities Ordinance. She said that she supports this general idea ofland banking. She said that there was oschool/parks reserve fund atone time, where the County Commissioners had set aside one cent onthe property tax for|and-bonking' but the Commissioners eventually stopped allocating money toit. She said that ifthis group meets, there should bediscussion about how the sites will be purchased. Commissioner Jacobs suggested that[J[:S get with the Planning Department, who did a fiscal analysis ofthe Collins property. The developer has not committed 10any commercial density, which may convert to more residential density and would have more of an adverse impact oOthe school system. Chair Carey asked the Manager and Planning Director to share this document with the school boards. C. Capital Funding Policy, Including Loftery Proceeds Laura Blackmon said that on April 24th the Board of County Commissioners approved the capital funding policy, which included the updated position on the lottery proceeds. The Board decided to come back in the fall and do the ten-year capital improvement plan. The Board approved budgeting the lottery proceeds iOarrears for renovation projects VrdeLdservice. Chair Carey said that this policy, aaitrelates tothe lottery proceeds, has been discussed inthe school collaboration work group adleast twice. Ted Triebel said that he did not see before now that the N.C. Department of Public Instruction (page two) has said that the County could request lottery funds before actually spending them oolong aGthe County anticipates making the expenditure within the fiscal year. He said that he understands this tOsay that they are going toget funds and bank them for a year, and then expend them. Hoasked for clarification onthis. Donna Coffey said that by statute the lottery commission is to make four deposits into the mcoountinmnyfonnatthattheyvvant—notnemeaaah|yeneryquartmr. She said that the County can request as much money as it wants, but it will not get it until the money is in the account. The funds need toboexpended within the year. She clarified that the funds dodraw interest ot the state level. Several school board members asked clarifying questions,which were answered by Donna Coffey and Laura Blackmon. Jamezetta Bedford thanked the Board of County Commissioners for giving the school boards the flexibility onhow touse the funds. She made reference 10page seven and the construction management function. She asked ifthere was ofairer way toallocate funds rather than the number ofstudents. Dennis VVh|U|ngagreed.