For those of you who weren't at Tuesday's meeting, following is an explanation of the options the school board had to consider in locating students after this school year and rebuilding Eastern Guilford High:
1. The board approved the request of $1.7 million in state lottery funds to help pay for $8.9 million in remediation work at Eastern, Kernodle and Hairston middle schools. That would free up local capital funds to help with Eastern or other projects. County Commissioners could approve this request Dec. 14.
2. The board hired Alex N. Sill Co. to negotiate an insurance settlement with the Department of Public Instruction. School attorney Jill Wilson said she expected Sill's fee to be no more than $200,000.
3. The board decided to create a village of modular units at the Eastern Guilford site on Peeden Drive. The arrangement could cost between $2.7 million and $3.1 million, depending on which grades are placed on the site. Freshmen could end up at Eastern Guilford Middle or the old Gibsonville Elementary. These estimates include setting up and relocating the existing 10 mobile classrooms on the property.
The board decided the Carolina Corporate Center was too expensive a route. The district estimated it would cost $50 per square foot to renovate and $5.58 to lease $150,000 square feet in the building. This would put the lease cost for two years at $9.2 million. Using Fidelity Realty Investments' estimate of $20 per square foot to renovate the space would amount to $4.7 million.
Hill said the $50 per square foot renovating cost was based on needing to bring the nearly 40-year-old building up to code: installing a new fire alarm system, rerouting the sprinkler system, moving and adding electrical wiring, improving the heating and air conditioning system, adding bathrooms and science labs, etc.
The board did not spend too much time considering placing Eastern students at other high schools or keeping them at the Browns Summit and GTCC sites (GTCC has not yet offered to give them a second year on the Greensboro campus).
4. Last, the board voted to build Eastern using $10 million in available state insurance funds and a $41 million certificate of participation from the county (which commissioners must approve).
The board could have increased the loan amount to $127.3 million, which would have covered either rebuilding Eastern and work at Jamestown Middle, Ragsdale High or rebuilding Eastern and purchasing the Carolina Corporate Center. The district would have needed an additional $7 million to fund the second approach.
Alan Duncan and Garth Hebert (not yet sworn in) said they didn't want to tie up lottery funds on either Eastern or the extra projects. Other board members said they didn't want to wait for a bond vote to commit to rebuilding Eastern.
We'll see what ends up on the project list for a bond referendum. They will likely talk about it next Tuesday.