PUBLIC HEARING AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Harry Atherton, Chairman,  Marshall District Supervisor

July 12, 2007

Staff Lead:

Department: 

Bryan Tippie, Director

 Budget Office

Topic: 

A Resolution to Increase Funding for the Second Entrance to Kettle Run High School and Greenville Elementary School

Topic Description:

During a June 14, 2007 Joint Work Session the School Board briefed the Board of Supervisors on additional costs related to the Second Entrance to the Kettle Run High School and Greenville Elementary School. Based on the latest projections the costs of these two projects are expected to increase a total of $3.6 million; the Second Entrance from $3.1 million to $3.8 million, Greenville Elementary from $15.9 million to $18.8 million. A firmer estimate of the Greenville Elementary School costs will be available with the bid opening on July11, 2007. If approved, the additional funding can be supported from a number of sources including proffers, bond premium and interest and borrowing if necessary. The attached resolution would approve the additional funding and direct County staff to determine the most efficient funding method. 

Requested Action of the Board of Supervisors: 

Conduct a public hearing and consider adoption of the attached resolution.

Financial Impacts Analysis:

Financial impact is as stated above.

Identify any other Departments, Organizations or Individuals that would be affected by this request:

School Division

Finance