Agenda - 05-04-2004-7c - Laserfiche WebLink

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~~ ADDENDUM TO SCHOOLS ADEQUATE PUBLIC FACILITIES MEMORANDUM OF UNDERSTANDING This Addendum to the Schools Adequate Public Facilities Memorazidum of Understanding is entered into this day of , ZO_, by az1d among the Town of Carrboro, the Town of Chapel Hill, the Chapel Hill-Canboro City Board of Education and Orazlge County. WHEREAS, school membership within the high school level in the Chapel Hill-Carhoro City School District for the 2004-2005 school year is projected to exceed 110% of building capacity; and WHEREAS, a third high school for the Chapel Hill-Carrboro City School District is in the plamring stage, on the Orange County 10-year CIP azld funding is expected to be committed to the Chapel Hill-Canboro City Board of Education capital expense fiord for this school by Orange County as a result of a combination of bond money, installment financing, impact fees and "pay-as-you-go" CIP revenue; azrd WHEREAS, it is anticipated that the third high school in the Chapel Hill-Carrborro City School District will be completed and high school students will begin attending this school when the 2006-2007 school year begins; and WHEREAS, it is in the interest of the parties to the Schools Adequate Public Facilities Memorandum of Understanding among the Town of Carrboro, the Town of Chapel Hill, the Chapel Hill-Carrboro City Board of Education and Orange County (hereinafter "the MOU") and to the citizens of Orange County that the Schools Adequate Public Facilities Program be implemented for the Chapel Hill-Carrboro City School District in 200.3 in tandem with the implementation of the Program for the Orange County School District; NOW, THEREFORE, the parties to this Addendum to the MOU and to the MOU hereby agree that Section 3.g. of the MOU is amended by deleting Section 3.g. and replacing it with the following: Section .3. g. The School District shall determine the amount of available capacity in each school level as of November 15°i in the base year and each November 15'h of the succeeding ten years by subtracting from the building capacity numbers for each of those years the student membership numbers for each of those years. The results shall then be compared with the number of students expected to be added to each school level as of November 15°i in each year (as determined in accordance with subsection 3.f above). The School District shall make that information known to the parties to this agreement within 15 days of the comparison. If the School District determines that the projected remaining capacity of each school