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January 22, 2008 (Regular Meeting)
<br />Page 688
<br />Project Costs Actual Proposed Planning Planning Planning Planning Years
<br />Planning/Design
<br />Land/Acquisition
<br />Construction 98,000,000 138,598,000 73,200,000 101,390,000
<br />Equipment
<br />Other
<br />Total 96,000,000 138,598,000 73,200,000 101,390,000
<br />Funding Sources
<br />General Fund
<br />Debt 98,000,000 57,000,000 73,200,000 101,390,000
<br />Grants
<br />Permits/Fees
<br />Other
<br />Total 98,000,000 57,000,000 73,200,000 101,390,000
<br />Operating Impact
<br />
<br />Total 0 3,300,000 2,000,000 2,000,000 2,000,000
<br />Operating Budget Impact: The County's contribution to annual operating
<br />expenses as a result of new school construction is projected to increase by
<br />$9 million in 2008, $3 million in 2010 and $1 million in 2011.
<br />Capital Improvement Plan *REVISED AS MARKED JANOARY 2008*
<br />Department: Kannapolis City Schools
<br />Project Title: School Construction
<br />Project Description:
<br />To meet school enrollment needs, the County must buy property and construct
<br />additional schools. In FY 2006, $12.5 million in General Obligations bonds
<br />were issued.
<br />In FY 2008, the County plans to fund the purchase price for land and the cost
<br />for A. L. Brown High School wing addition which will add 500 seats to the
<br />school and vocational building renovation.
<br />In FY 2010, the County will fund three projects: Kannapolis Middle School wing
<br />addition (160 seats); new school (undetermined type) (500 seats); and a new wing at
<br />Shady Brook Elementary (160 seats).
<br />Type: [ ] New [ 1 Expansion [ ] Replacement Status: [X] In Progress
<br /> FY 2007 FY 2006 FY 2009 FY 2010 FY 2011 FY 2012 Future
<br />Project Costs Actual Proposed Planning Planning Planning Planning Years
<br />
<br />Planning/Design
<br />Land/Acquisition
<br />Construction 16,145,519 21,457,681
<br />Equipment >=rw2-row ~'~"'°°°~°°
<br />Other
<br />Total 16,145,519 21,457,681 X09,-ooA
<br />
<br />Funding Sources
<br />General Fund
<br />Debt 16,195,519 21,957,681 i-1r50o-rB08
<br />Grants
<br />Permits/Fees
<br />Other
<br />Total 16,195,519
<br />
<br />O erating Impact
<br />Total 1,000,000 iT890,-008
<br />Operating Budget Impact: Except for classroom additions, most of the
<br />improvements will not require increases to the operational budget. Increases
<br />such as utilities for classroom additions will be handled through annual
<br />increases in current expense from the County.
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