Item:
Title
Approval of Capital Project Amendment No.24CPA00018 Appropriating $12,421,277 of 2022 General Obligation Bonds (GO Bonds) to Two Elementary School Capital Projects: $8,921,277 to the Glenn Elementary School Capital Project (SH293) and $3.5M to the Murray-Massenburg Elementary School Capital Project (SH292) to Support the Design, Construction and Completion of these Projects.
Body
Date of BOCC Meeting: March 25, 2024
Request for Board Action:
Agenda Text
The Board is requested to approve Capital Project Amendment No.24CPA00018 appropriating $12,421,277 of 2022 General Obligation Bonds (GO Bonds) to two elementary school capital projects: $8,921,277 to the Glenn Elementary School Capital Project (SH293) and $3.5M to the Murray-Massenburg Elementary School Capital Project (SH292) to support the design, construction and completion of these projects.
The $423 million 2022 General Obligation Bond addresses the capital renewal and improvement needs throughout the district and the long-range Capital Improvement Plan.
DPS Administration recommends approval of transfers of 2022 GO Bond funds in the amount of $12,421,277.00 to be disbursed to support projects in priority order as indicated in the attached Durham County Capital Project Ordinance and authorize staff to submit to the Board of County Commissioners for approval of the transfers.
Projects are supported based on current priority order. Additional funds will be transferred into the 2022 Bond projects to address current phases(design) and scopes of the project(construction), that are delineated in the Durham County Capital Project Ordinance budget adjustment.
The table below indicates funds reconciled by DPS and the County that are available for transfer:
|
Project |
Current Budget |
Increase/ Decrease |
Revised Budget |
Project Status |
|
2022 GOBs Glenn Elementary School (59105400SH293) |
$59,475,183.00 |
$8,921,277.00 |
$68,396,460.00 |
Amending |
|
2022 GOBs Murray-Massenburg Elementary School (Elem F) (59105400SH292) |
$87,125,025.27 |
$3,500,000.00 |
$90,625,025.27 |
Amending |
|
TOTAL |
$146,600,208.27 |
$12,421,277.00 |
$159,021,485.27 |
|
Alignment with Strategic Plan: This capital project amendment aligns with Goal 1-Community and Family Prosperity and Enrichment, though providing access to educational, vocational, economic and cultural opportunities and by providing support for educational opportunities that ensure high academic achievement.
Resource Persons: Fredrick A. Davis, II, Durham Public Schools Senior Executive Director of Building Services; S. Keith Lane, Durham County Director of Budget and Management Services
County Manager’s Recommendation: The County Manager recommends that the Board approve Capital Project Amendment No.24CPA00018 appropriating $12,421,277 of 2022 General Obligation Bonds (GO Bonds) to two elementary school capital projects: $8,921,277 to the Glenn Elementary School Capital Project (SH293) and $3.5M to the Murray-Massenburg Elementary School Capital Project (SH292) to support the design, construction and completion of these projects.