Title
Vote on a request to adopt the proposed Health Sciences Building Project Ordinance
Abstract
Action Requested: Motion to adopt the proposed Health Sciences Building Project Ordinance
Introduction & Background: Section 13.2 of Chapter 159 of the General Statutes of North Carolina states that a project ordinance shall be adopted by the governing board for all capital projects.
Discussion & Analysis: Attached is a proposed project ordinance for the Health Sciences Building Project. The project ordinance reflects the estimates presented in the FY2018-2024 Approved Capital Improvements Program, with the exception of the $2.1 million state grant funds. The state funds will be used to offset project expenses but will reimburse the college directly without the County being involved in the process.
Budgetary Impact: The budget for the Health Sciences Building Project totals $12,298,608 and will be funded with limited obligation bonds.
Recommendation: Motion to adopt the proposed Health Sciences Building Project Ordinance