Orange County NC Website
9/19/2002 <br /> Funding Possibilities for CHCCS New Schools <br /> Available Revenue <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 $27,849,000 <br /> I <br /> Projected cost range of 1000 student high <br /> school (in accordance with BOCC Adopted <br /> School Construction Standards) $24,600,000 to $29,901 <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) $12,800,000 <br /> Projected debt service payments on new <br /> elementary school (assuming alternative <br /> financing) $1,100,000 <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 />