Item:
Title
Capital Project Amendment No. 20CPA000020 Moving 2016 General Obligation Bond Funds Between Multiple Durham Public School Capital Projects and Closing Seven Bond Funded Capital Projects and Creating Six New Capital Projects
Body
Date of BOCC Meeting: February 10, 2020
Request for Board Action:
Agenda Text
On January 23, 2020, the Durham Public Schools (DPS) Board of Education approved adjustments to multiple 2016 Bond funded Capital Projects. Pursuant to the Interlocal Agreement with DPS, as amended, the Durham County Board of County Commissioners is requested to consider and approve the closing of seven DPS Capital Projects and moving funds to multiple new Capital Projects and one existing Capital Project. The projects that DPS closed as part of this transfer are Boiler and Chiller Replacements (SH267), Camera Upgrades (SH269), Holt Roof Replacement (SH257), Pearsontown Renovations (SH243), School of Creative Studies Renovations (SH251), Staff Development Roof Replacements (SH265) and Watts Roof Replacement (SH261).
The seven projects are not officially closed yet in the County's asset management system. Any project that has had activity during the fiscal year cannot be closed in the asset management system until the next fiscal year. The County will bring another amendment to BOCC in FY2021 to officially close these projects in the County's asset management system.
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
16 GO Bond - Boiler and Chiller Replacements (SH267)
$2,543,750.00
$(202,329.73)
$2,341,420.27
Closing
16 GO Bond - Camera Upgrades (SH269)
$1,098,750.00
$(106,310.75)
$992,439.25
Closing
16 GO Bond - Holt Roof Replacement (SH257)
$625,000.00
$ (66,497.97)
$558,502.03
Closing
16 GO Bond - Pearsontown Renovations (SH243)
$1,062,500.00
$(128.46)
$1,062,371.54
Closing
16 GO Bond - School...
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