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®rattge wurttp ~aar~ of ~D-utatiart <br />. RANDY BRIDGES, SUPERINTENDENT 9 <br />~trr~~IdTDUQ~, ~~ 27278 - <br />BOARD MEMBERS 200 EAST KING STREET <br />SUSAN FIALKIOTIS, CHAIR HILLSBOROUGH <br />NC 27278 <br />KEITH COOK, VICE CHAIR , <br />TELEPHONE: 819-732-812fi <br />ROBERT H. GATEMAN FAX: 919-732-8120 <br />RICHARD KENNEDY <br />DAVID KOLGINSKY <br />DELORE5 51MPSON <br />BRENDA 5TEPHEN5 <br />MEMORANDUM <br />TO: John Link <br />FROM: Randy Bridges ~ <br />RE: Funding for the New High School <br />DATE: May 30, 2000 <br />The Orange County Board of Education rnet on May 29, 2000 to discuss the construction <br />costs of the new high school scheduled to open in August 2002. As you are aware, this <br />project received $12.5 million from the November 1997 bond passage, and by installment <br />purchase the Orange County Board of Education is responsible for matching that amount. <br />We were very concerned in 1997 as to whether $25 million would be enough to construct <br />this school. As we are now well into the process, our concerns were valid. <br />The Orange County Board of Education unanimously approved requesting from the <br />County Commissioners approval to increase the $12.5 million dollazs to $13.5 million to <br />complete this project. The projected cost of the high school at this time is $27,992,650. <br />Listed below is how we intend to capture the additional funding: <br />$1,000,000 Additional Irstallmer.± Purchase <br />197,650 . Funding from the sale of timber from the site <br />250,000 CIP Technology <br />245,000 Building Deletions <br />1,300,000 Pathways Elementary Savings <br />$2,992,650 Total <br />T am listing below selected items we have encountered since the project began which <br />have increased the overall cost of the school: <br />