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May 3, 2010 (Work Session) Page 1906
<br />County Manager - Approval of Project Application for Potential Debt Issua
<br />Via Qualified School Construction Bonds (QSCB's) for Kannapolis City Schools
<br />John Day, County Manager, presented the following information related
<br />to a request for approval of Project Applications for Potential Debt Issuance
<br />via Qualified School Construction Bonds (QSCB's) for Kannapolis City Schools
<br />and Cabarrus County Schools: the structure of the bonds was changed to
<br />encourage participation; the county will be required to establish a "sinking
<br />fund" to ensure payment of the debt in a lump sum at the end of the term;
<br />because the county's ability to take on additional cost is bleak for the
<br />next five years, county staff asked the LGC (Local Government Commission)
<br />staff if the establishment of the "sinking fund" could be postponed for five
<br />(5) years; LGC staff were supportive of the request and planned to forward
<br />their recommendation to the LGC for consideration; both school boards will
<br />vote on their respective project lists soon; the QSCB application is required
<br />for school participation but is not binding on the County; and the bonds must
<br />be sold by the end of this calendar year.
<br />The QSCB project lists are as follows:
<br />Kannapolis City Schools
<br />• $1.2 million - Roof - Kannapolis Intermediate
<br />• $1.5 million - HVAC - Kannapolis Intermediate
<br />• $50,000 - HVAC Unit - Central Office
<br />• $75,000 - HVAC Controls - Jackson Park
<br />• $90,000 - HVAC Unit and Controls - Woodrow Wilson
<br />• $50,000 - HVAC Units - Fred L. Wilson
<br />• $65,000 - Add Classrooms - Fred L. Wilson
<br />• $75,000 - HVAC Controls - Forest Park
<br />• $50,000 - Parking Lot - Forest Park
<br />• $25,000 - Parking Lot - A.L. Brown
<br />• $120,000 - Cameras - Forest Park, Fred L. Wilson, Woodrow
<br />Wilson, Kannapolis Intermediate, A.L. Brown
<br />• $234,300 - Lighting - A.L. Brown
<br />TOTAL: $3,534,300
<br />Cabarrus County Schools
<br />Qualified School Construction Bond - Proposal
<br />S
<br />Beverly Hills Elementary
<br />Update control system and replace chillers
<br />332,556
<br />Beverly Hills Elementary
<br />Hurricane windows for 4 classrooms - safety
<br />50,000
<br />Central Cabarrus High
<br />Update control system and replace chillers
<br />676,163
<br />Central Cabarrus High
<br />Add and upgrade electrical service
<br />225,000
<br />Central Cabarrus High
<br />Window replacement
<br />525,000
<br />Central Cabarrus High
<br />Renovations to office area
<br />150,000
<br />Central Cabarrus High
<br />Switches, Wireless, Wiring
<br />275,000
<br />Coltrane Webb Elementary
<br />Renovations for Magnet School
<br />150,000
<br />Concord High
<br />Update control system and replace chillers
<br />895,451
<br />Concord High
<br />Enclose courtyard, additional dining area -
<br />Fire Marshal approved
<br />500,000
<br />Concord High
<br />Auditorium seating, acoustical panels
<br />175,000
<br />Concord High
<br />Renovation to Weight Room
<br />100,000
<br />Concord High
<br />Renovations to Vocational Building
<br />150,000
<br />Concord High
<br />Wireless and Wiring
<br />90,000
<br />Concord Middle
<br />Servers, Switches and Wireless
<br />200,000
<br />Hickory Ridge High
<br />Wireless
<br />25,000
<br />J M Robinson High
<br />Switches and Wireless
<br />300,000
<br />J N Fries Middle
<br />Replace roof
<br />420,000
<br />J N Fries Middle
<br />Servers, Switches, Wireless, Wiring
<br />190,000
<br />Replace 2 main air handlers, add control system, new
<br />Mt. Pleasant Elementary
<br />a/c
<br />785,957
<br />Mt. Pleasant High
<br />Replace boilers
<br />63,000
<br />Mt. Pleasant High
<br />Wireless
<br />20,000
<br />Mt. Pleasant Middle
<br />New chiller - 6th grade, and replace unit vents on old
<br />voc bldgs and update controls
<br />476,018
<br />Mt. Pleasant Middle
<br />Servers, Switches, Wireless, Wiring
<br />190,000
<br />Northwest Cabarrus High
<br />Field, irrigation, track, lights, fencing, restrooms
<br />600,000
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