Item:
Title
Capital Project Amendment No. 21CPA000012- Moving $63,561.06 of 2016 General Obligation Bond Funds from Completed Projects to an Existing Project, and Moving $443,413.76 of 2016 General Obligation Bond Funds from Completed Projects and Creating a New Project, and Returning $124,605.46 of Unused Lottery Funds from a Completed Project to the State for Future Durham Public Schools Use
Body
Date of BOCC Meeting: October 12, 2020
Request for Board Action:
Agenda Text
On September 5 and October 8, 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:
* Recognize six projects as being completed and moving $506,974.82 of remaining funds to an existing ($63,561.06) and new project ($443,413.76)
* Create a new Capital Project for Jordan High School Replacement (59105400SH290) using $443,413.76 in remaining funds from completed projects. DPS is currently planning to replace Jordan High School with construction targeted to begin in School Year 2026. Due to the extensive planning and design work needed due to the current sight they have as part of their CIP advance work beginning in School Year 2021.
* Increase Project for Construction Services (59105400SH273) by $63,561.06 using remaining funds from completed projects
* Return $124,650.46 of unused Lottery Funds from one completed project to the North Carolina Department of Public Instruction for use on future DPS projects.
These completed 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 the future to officially close these projects in the County's asset management system.
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