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4 <br /> 2 <br /> c. Major Capital Project Status Reports <br /> To the extent not addressed elsewhere on this meeting agenda, school representatives can <br /> provide brief verbal updates on the progress Of construction of CHCCS Elementary School #9, <br /> planning for OCS Middle School #3, and design of renovations to Hillsborough Elementary <br /> School. <br /> Attachment 4c: 7125102 Architect's Report on Hillsborough Elementary School Renovations <br /> d. Timeline for First 2001 Bond Sale and Alternative Financing <br /> Time.permitting, the County Budget Director can review the major elements to be included in <br /> the County's first sale of 2001 bonds and in the first installment of the alternative financing plan <br /> that was a companion piece to the $75 million bond package approved by Orange County <br /> voters in November 2001. Project funding plans were presented to and affirmed by the BOCC <br /> at their September 3, 2002 regular meeting. The first installment of alternative financing, in the <br /> amount of$3,475 million, is being scheduled with the Local Government Commission for <br /> completion in December 2002. The sale of the first installment of November 2001 bonds, in the <br /> amount of$19.175 million, is being scheduled for sale through the LGC for March 2003. The <br /> accompanying attachments provide details of projects included in the first phase of the capital <br /> financing and the few changes that have been made to these plans between <br /> Attachment 4d— 1 9103102 PowerPoint Presentation to BOCC on Bond Sales and <br /> Alternative Capital Financing <br /> Attachment 4d-2 9103102 Table 1—Potential Schedule for Issuing November 2001 <br /> Bonds <br /> Attachment 4d-3 . 9103102 Table 2— Potential Schedule forAkemative Financing <br /> Attachment 4d-4 9103102 Table 3—Potential Schedule for November 2001 and <br /> Alternative Financing (Combined) <br /> Attachment 4d-5 9103102 Table 4—Proposed Projects by Fiscal Year <br /> Attachment 4d- 6 9103102 Table 5— Comparison of Proposed Projects to be Included <br /> in Bond and Alternative Financing Issuances for Fiscal Year 2002-03 <br /> FINANCIAL IMPACT: There is no financial impact tied directly to the review/discussion at this <br /> meeting of these reports. However, any discussion is likely to influence future school operating <br /> and capital budgets. <br /> RECOMMENDATION(S): The Manager recommends that the boards receive the reports for <br /> information only. <br />