Agenda - 11-05-2009 - 6b - Laserfiche WebLink

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aRp-araoq- ~-ra 2s Orange High School Renovations Orange County Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds to renovate Orange High School. Renovations funded include improvements to the auditorium, science laboratories, tennis courts and athletic fields, flooring replacement in the main gymnasium, construction of an athletic field house, roof replacement, and replacement of field lighting. Proceeds from a private placement loan, 1997 Bond proceeds, transfers from completed projects, and the Schools' share of pay-as-you-go capital funds, finance the project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: FY 2009-10 Current FY 2009-10 Amendment FY 2009-10 Revised Sales Tax 1,459,095 (1,040,860) $418,235 Bonds (1997) 1,150,000 (1,150,000) $0 Impact Fees 0 0 $0 Private Placement 950,000 (950,000 $0 Transfers from Completed Projects 64,705 (64,705) $0 Total Funding 3,623,800 (3,205,565} 418,235 Section 4. The following amount is appropriated for this project: FY 2009-10 Current FY 2009-10 Amendment FY 2009-10 Revised Land/Building $0 $0 $0 Desi n $0 $0 $0 Construction $3,456,743 ($3,038,508) $418,235 Transfer to Other Projects $167,057 ($167,057) $0 Total Costs $3,623,800 ($3,205,565} $418,235 Section 5. This ordinance shall remain in effect until closed by action of the Board of County Commissioners. Adopted this 5th day of November 2009.