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U , •D- l F 94 - 0,34 1 <br /> Orange County <br /> Board of County Commissioners <br /> Action Agenda <br /> Item No <br /> Action Agenda Item Abstract <br /> Meeting Date: September 3, 1996 <br /> Subject: Public School Building Fund Application - Budget Amendment#4 <br /> Department Public Hearing Yes No—x_ <br /> Budget Office Budget Amendment <br /> Needed Yes No—x_ <br /> Attachments) Information Contact: <br /> Sally Kost ext 2151 <br /> Public School Building Fund Application Telephone & Extension Number <br /> Proposed Revised Capital Project Hillsborough 732-8181 <br /> Ordinance for Chapel Hill/Carrboro Chapel Hill 968-4501 <br /> City Schools Elementary School#8 Durham 688-7331 <br /> Mebane 227-2031 <br /> Purpose <br /> To approve an application to the State Budget Office to release funds from Orange <br /> County's Public School Building fund account for planning funds for Elementary School <br /> #8. <br /> Background <br /> The Chapel Hill-Carrboro City Schools has requested $600,000 from the Board of <br /> Commissioners for architectural fees/planning for a new elementary school. This project <br /> is to be constructed on land donated by the developers of Southern Village. The Board <br /> of Commissioners requested County staff to identify a funding source for these planning <br /> fees. Staff, working with the Chapel Hill/Carrboro City School staff identified the <br /> following funding plan that will meet the cash-flow requirements of the project: <br /> 1. $100,000 from Public School Building Fund <br /> Revenue estimates for the 1995-96 Public School Building Fund total <br /> $455,462. Actual revenue received for the fiscal year was $583,276. State <br /> Public School Building Funds must be used for capital outlay projects, <br /> including the planning, construction reconstruction, enlargement, <br /> improvement, repair, or renovation of public school buildings and for the <br /> purchase of land for public school buildings. Local governments are required <br /> to match one dollar of local funds for every three dollars of State funds. Staff <br /> recommends that $100,000 be advanced to the Chapel Hill/Carrboro City <br /> Schools for this project. The project currently has an appropriation of <br /> $38,000 from the 1995-96 impact fees. These impact fees will meet the <br /> State's match requirements. <br />