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34 <br /> 1 Slide#8 <br /> Major Projects — Board Options to adjust projects <br /> Current Pay-Go Phase-in structure sufficient for current district bond plans with small margins. <br /> Reducing or delaying implementation of pay-go from this amount would require asking school <br /> districts to submit new bond plans with smaller scopes. <br /> Instead of reducing Pay-Go, the County can lower upcoming tax rate increases and the <br /> cumulative tax increase by pushing back the upcoming school projects. <br /> Inflationary cost increases from delaying construction projects would reduce the amount of pay-go funds available <br /> for High Priority Needs. <br /> ORANGE COUNTY <br /> 8 NORTH CAROLINA <br /> 2 <br /> 3 Kirk Vaughn noted that if Estes Hills were pushed back specifically by two years rather than one, <br /> 4 the pay-go would then have to compete between Estes Hills and the pre-design scoping phase of Orange <br /> 5 Middle School. He said one of the things is trying to segment them such that there's one project at a time, <br /> 6 so that the pay-go can be best delivered to that big project. <br /> 7 Commissioner Bedford emphasized the flexibility of the pay-go each year. <br /> 8 Commissioner Carter agreed. <br /> 9 Chair Hamilton said the Board will be having continuous conversations with the school boards. <br /> 10 <br /> 11 Slide#9 <br /> High Priority Needs <br /> High Priority Needs—$6.4 million <br /> • Appropriated by Project <br /> • Specific Projects Enumerated Annually for Flexibility <br /> • Financed Using Annual Debt,Lottery Proceeds,and Remaining Bond or Supplemental Pay-Go <br /> High Priority Needs Recommended <br /> East Chapel Hill High Roof Replacement $3.0 million <br /> Carrboro High Roof Replacement $1.2 million <br /> Mary Scroggs Elementary Trailer HVAC Replacement $56,400 <br /> AL Stanback Middle HVAC Replacement—Paired with$5.28 M Major $2.1 million <br /> Project Funding in FY 2028 based on$7.4 M total project cost <br /> TOTAL $6.4 million <br /> ORANGE COUNTY <br /> 9 NORTH CAROLINA <br /> 12 <br />