Item:
Title
Capital Project Amendment No. 18CPA000008- Reducing $55,977.20 of 2007 General Obligation Bond Funds from the Durham Public School HVAC Controls Capital Project (SH234) and Transferring the Funds to the Eno Valley Elementary Capital Project (SH241)
Body
Date of BOCC Meeting: April 9, 2018
Request for Board Action:
Agenda Text
On March 8, 2018, the Durham Public Schools (DPS) Board of Education approved adjustments to one General Obligation bond funded capital project. Pursuant to the Interlocal Agreement with DPS, as amended, the Durham County Board of County Commissioners is requested to consider and approve reducing of one capital project and transferring the remaining funds to another capital project.
The table below indicates funds reconciled by DPS and the County that are available for return:
Project Current Budget Inc/Dec. Revised Budget
HVAC Controls (SH234) $3,951,785.44 ($55,977.20) $3,895,781.24
ENO Valley Elem. (SH241) $7,399,811.85 $55,977.20 $7,455,789.05
Totals: $11,351,570.30 $0 $11,351,570.30
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: Jon Long, DPS Executive Director, Construction & Capital Planning.
County Manager’s Recommendation: The County Manager recommends that the Board approve Capital Project Amendment No. 18CPA000008 reducing $55,977.20 of 2007 General Obligation bond funds from the Durham Public Schools HVAC Controls capital project (SH234) and transferring the remaining funds to the Eno Valley Elementary capital project (SH241).
Signature
County Manager: ____________________________