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X Elementary School - Phase Ili <br />Y School System <br />Capital Project Ordinance <br />Project Number 6X -XXX- <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 <br />of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby <br />adopted. <br />Section 1. The project authorized provides funds to <br />This project will be financed with proceeds from <br />Section 2. The officers of the County are hereby directed to proceed with the project within the budget <br />contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br />Transfer from Other Funds $0 <br />Bond Proceeds $11)600,000 <br />Impact Fees $0 <br />Other Revenues as Appropriate $0 <br />Total Reven ue $11,600,000 <br />Section 4. The following amount is appropriated for this project: <br />Planning & Design Fees $900,000 <br />Land and Associated Fees $700,000 <br />Construction $9, 500, 000 <br />Equipment and Furnishings $D <br />Technology $0 <br />Other Line Items as Appropriate $0 <br />Contingency $500.000 <br />Total Project Costs $11,600,000 <br />Section 5. This ordinance shall remain in effect from July 1, xxxx until June 30, xxxx. <br />Adopted this XXst day of , 199X. <br />