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10 <br /> Slide#6 <br /> WOO LPERT PLAN UPDATE <br /> Major Project Selection Criteria Definitions <br /> • 10 Year FCI — Estimated 10-year capital cost to renovate the building <br /> divided by the replacement value of the building. >50% is considered <br /> Poor and >65% is considered a Critical Replacement Candidate <br /> • Space Types —The amount of specific types of rooms that are in the <br /> building divided by the total amount required for modern education <br /> • Space Types> Minimum —The percent of rooms that are present in <br /> the building that are at least 90% of the recommended size for that <br /> type of room. <br /> • Space Requirements —The precent of required educational fixtures <br /> and equipment that are in the rooms divided by the amount that are <br /> required for modern education <br /> ORANGE COUNTY <br /> N0R1"H CAWLINA <br /> Slide #7 <br /> WOO LPERT PLAN UPDATE <br /> Major Bond Referendum <br /> Projects Annual Pay-Go <br /> Hi <br /> # Priority • Annual Maintenance/Lottery Proceeds <br /> • Existing Capital Balances <br /> Needs Supplemental Deferred Maintenance <br /> Other Capital « Article 46 Sales Tax Proceeds <br /> Priorities Recurring Capital <br /> ORANGE COUNTY <br /> NORTH CAROL NA <br />