Orange County NC Website
Browse       Search
01/16/2003 (O <br />Table 2 <br />Funding Possibilities for CHCCS New Schools and Facilities <br />High School Space <br />2001 Bond Funds $12,800,000 <br />School Construction Impact Fees (as <br />identified in the approved 2002-12 CIP) $11,349,000 <br />Alternative Financing (as identified in the <br />approved 2002-12 CIP) $3,700,000 <br />Total Available Revenue for New High <br />School Space $27,849,000 <br />Projected cost range of 1000 student high <br />school (in accordance with BOCC Adopted <br />School Construction Standards) $24,600,000 to $29,900,000 <br />Projected Cost of Elementary #10 <br />Projected cost of new elemenatary school (in <br />accordance with Elementary School <br />Construction Standards; equates to amount <br />included on November 2001 voter approved <br />bond referendum) <br />Projected debt service payments on new <br />elementary school (assuming alternative <br />financing) <br />Possible Revenues for Elementary #10 <br />County-Wide Ad Valorem Tax <br />CHCCS District Tax <br />1 /2 Cent Sales Tax <br />School Construction Impact Fees <br />Some Combination of the Above Revenues <br />$12,800 <br />$1,100,000