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38 <br /> Orange High School Renovations <br /> Orange County Schools <br /> Capital Project Ordinance <br /> Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br /> 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br /> hereby adopted. <br /> Section 1. The project authorized provides funds to renovate Orange High School. <br /> Renovations funded include improvements to the auditorium, science <br /> laboratories, tennis courts and athletic fields along with flooring replacement in <br /> the main gymnasium and construction of an athletic field house. Proceeds from <br /> a private placement loan, along with the Schools' share of pay-as-you-go capital <br /> funds, finance the project. <br /> Section 2. The officers of the County are hereby directed to proceed with the project within <br /> the budget contained herein. <br /> Section 3. The following revenue is anticipated to complete this project: <br /> Through FY Through FY <br /> 2007-08 FY 2008-09 2008-09 <br /> Sales Tax 1,538,800 $200,000 1,738,800 <br /> Bonds(2001) 0 $0 0 <br /> Impact Fees 0 $0 0 <br /> Private Placement 950,000 $0 950,000 <br /> Transfers from <br /> Completed Projects 0 $0 0 <br /> Total Funding 2,488,800 $200,000 2,688,800 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 2007-08 FY 2008-09 2008-09 <br /> Land/Building $50,000 $0 $50,000 <br /> Design $0 $0 $0 <br /> Construction $2,438,800 $200,000 $2,638,800 <br /> Other $0 $0 $0 <br /> Total Costs $2,488,800 $200,000 $2,688,800 <br />