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<br />Attachment 2d
<br />Carrboro High School
<br />Chapel Hill Carrboro School System
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to
<br />Section 13.2 of Chapter 159 of the General Statues of North Carolina, the following capital
<br />project ordinance is hereby adopted.
<br />Section 1
<br />Section 2.
<br />Section 3.
<br />Section 4.
<br />Section 5
<br />Section 6
<br />The project authorized provides funds for the construction of Carrboro High
<br />School.
<br />The officers of the County are hereby directed to proceed with the budget
<br />contained herein.
<br />The following revenue is anticipated to complete this project:
<br /> Through
<br />FY 2007-08 FY 2008-09 Through
<br />FY 2008-09
<br />2001 Bonds $12,800,000 $12,800,000
<br />Alternative Financin 9,000,000 9,000,000
<br />From General Fund 5,789,344 $1,173,144 4,616,200
<br />Im act Fees 9,300,000 9,300,000
<br />Sales Tax Reimbursement 850,000 257,600 1,107,600
<br />Total Fundin $37,739,344 $915,544 $36,823,800
<br />The following amount is appropriated for this project:
<br /> Through
<br />FY 2007-08 FY 2008-09 Through
<br />FY 2008-09
<br />Land ~ Assoc Fees $3,531,697 $3,531,697
<br />Construction 28,595,147 ($915,544)
<br />Professional Services 2,162,500 2,162,500
<br />Furnishin s 800,000 800,000
<br />Modular Purchase 500,000 500,000
<br />Startu Costs 400,000 400,000
<br />Technolo 1,000,000 1,000,000
<br />Contin enc 750,000 750,000
<br />Total Fundin $37,739,344 $915,544 $36,823,800
<br />This ordinance supersedes previous Project Ordinances for this project.
<br />This ordinance shall remain in effect until closed by action of the Board of County
<br />Commissioners.
<br />Adopted this 16th day of June 2009
<br />
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