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<br /> Major Projects — Project Costs and Funding Source
<br /> • Major Projects are funded using a combination of Pay-Go and Bond Funds.
<br /> CHCCS Projects Bond Funds Pay-Go Funds Total Funds OCS Projects Bond Funds Pay-Go Funds Total Funds
<br /> Carrboro Elementary $ 47,700,000 $ 5,300,000 $ 53,000,000 Elementary Replacement $ 57,283,000 $ 2,817,000 $ 60,100,000
<br /> Estes Hills Elementary $ 51,547,000 $ 11,283,000 $ 62,830,000 Major Elementary Renovation $ 27,000,000 $ 3,000,000 $ 30,000,000
<br /> Frank Porter Graham $ 63,901,300 $ 6,240,000 $ 70,141,300 Major Middle School Renovation $ 37,340,000 $ 7,660,000 $ 45,000,000
<br /> Contingency+ HPN $ 11,551,700 $ 31,050,999 $ 42,602,699 Contingency+ HPN $ 3,677,000 $ 22,649,001 $ 26,326,001
<br /> Total $ 174,700,000 $ 53,873,999 $228,573,999 Total $ 125,300,000 $36,126,001 $ 161,426,001
<br /> • Pay-Go funds provide four major uses to support the Bond Program:
<br /> - Absorb soft costs like Design, Project Management
<br /> • Project Management included in separate $1 M/year project not allocated to either district pending ILA
<br /> negotiations.
<br /> - Extend project budgets above what the Bond could support on its own.
<br /> - Improve County debt metrics once county debt exceeds 15% of GF revenues
<br /> - Once bond projects are done, support the districts' High Priority Needs
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<br /> ORANGE COUNTY
<br /> 6 NORTH CAROLINA
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