WORK SESSION  AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Raymond E. Graham, Chairman, Cedar Run District Supervisor

August 11, 2005

Staff Lead:

Department: 

Bryan Tippie, Budget Director

Budget Office

Topic: 

A Work Session to Discuss Additional Funding for Heating, Ventilation and Air Conditioning (HVAC) Mechanical Systems of Liberty High School and for the Renovation of Claude Thompson Elementary School

Topic Description:

Liberty High School HVAC.

In June 2004, the Board of Supervisors approved $4,000,000 in additional funding for the Liberty HVAC project to improve air quality at that facility. $769,996 had previously been appropriated for this project. Earlier this month bids were opened for upgrading the HVAC system and they reflected the recent escalating costs of all types of construction and renovation. To fund the HVAC alternative plan, initially requested by the School Division, will now require an additional $2,100,000. The total cost of the project would be $6,869,996.

 

Claude Thompson Elementary School Renovation.

In March 2003, the Board of Supervisors approved the School Divisionís request for $3,144,000 to renovate Claude Thompson. Based on a request from the School Division, an additional $3,650,000 was approved in December 2004. On July 8, 2005, the construction bid for the project was opened and it is estimated that the total cost of the project could now cost $9,966,000, an increase of $3,172,000.

 

Summary.

This work session would allow for further discussion on the various renovation elements and related funding concerns of the Board of Supervisors. A public hearing is scheduled for August 11, 2005, to consider appropriating the additional funding.

Requested Action of the Board of Supervisors: 

Conduct a work session.

Financial Impacts Analysis:

It is estimated to fully fund these two projects will require an additional $5,272,000. If borrowed, the debt would impact beginning in FY 2007 and be approximately $529,000 annually for 20 years. 

 

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

Budget Office

Finance Department

School  Division