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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: May 23, 2024 <br /> Action Agenda <br /> Item No. 3 <br /> SUBJECT: Discussion of Bond Referendum Projects <br /> DEPARTMENT: County Manager <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> A. Woolpert Optimization Plan Excerpt Kirk Vaughn, (919) 245-2153 <br /> and Woolpert Major Replacement- <br /> Renovation Recommendation <br /> Profiles <br /> B. Orange County Schools Bond Plan <br /> C. Chapel Hill-Carrboro City Schools <br /> Bond Plan <br /> PURPOSE: To review and discuss the Woolpert, Orange County Schools (OCS) and Chapel Hill <br /> Carrboro City Schools (CHCCS) planned major projects for the 2024 Bond Referendum. <br /> BACKGROUND: At its January 2024 retreat, the Board of County Commissioners signaled its <br /> preferences for a proposed school bond. The Board set on a $300 million Bond Referendum <br /> which, with existing resources and $100 million in Pay-Go funding, would be sufficient to fund <br /> Option C of the Woolpert Long Range School Optimization Plan. The Board also signaled a <br /> preference for a project-based allocation of capital funding to ensure that the Woolpert priorities <br /> were met. Since then, County and school staff have worked with Woolpert to align the long-term <br /> plan with the current capital spending plans. <br /> At the Board's May 7, 2024 Business meeting, County staff presented the statutes and policies <br /> that dictate school capital funding. At the May 21, 2024 Business meeting, the Board received <br /> presentations from both the County and the two Districts on their preferred spending plans on the <br /> bond. <br /> This work session offers the Board an opportunity to review and discuss the respective plans, as <br /> well as well as the Board's preferred role for the County in directing and managing the upcoming <br /> Bond Referendum. The Board will be expected to formally vote on its decision at the Board's June <br /> 4, 2024 Business Meeting. <br /> FINANCIAL IMPACT: There is no financial impact associated with the discussion of the relative <br /> Bond Plans. The tax impact of the bond has already been estimated at 8.88 cents in FY 2025-26. <br /> SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goal impacts <br /> associated with this item. <br />