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Scroggs Elementary School <br />Chapel Hill-Carrboro City Schools is <br />Capital Project Ordinance <br />Project Number 64-880-7716 <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of <br />Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. <br />Section 1. The project authorized provides funds to build Scroggs Elementary. Proceeds from a <br />private placement loan obtained by Orange County and from Impact Fees finance this <br />project. <br />Section 2. The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br /> Through FY <br />1998-99 <br />FY 1999-00 Through FY <br />1999-00 <br />Sales Tax $0 $0 $0 <br />Irri act Fees $100,000 $0 $100,000 <br />PSBF $0 $0 $0 <br />1992 Bond Funds $0 $0 $0 <br />1997 Bond Funds $0 $0 $0 <br />Private Placement Financin $13.250.000 2 $13.000.000 <br />Total Pro'ect Fundin $13,350,000 $250,000 $13,100,000 <br />Section 4. A portion of the available funds for this project has been transferred to Glenwood <br />Elementary School's major renovations, and Estes Hills Elementary School's major <br />renovations. <br />Section 5. The following amount remains appropriated for this project: <br /> Through FY <br />1998-99 <br />FY 1999-00 Through FY <br />1999-00 <br />Plannin /Arch/En in $950,000 $0 $950,000 <br />Land/Assoc Fees $0 $0 $0 <br />Construction $10,017,500 $0 $10,017,500 <br />E ui ment/Furnishin s $850,000 $0 $850,000 <br />Other-Technolo $832,500 $0 $832,500 <br />Contin enc $700,000 ~Q $700,000 <br />Total $13,350,000 $0 $13,350,000 <br />