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<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. The project authorized provides funds for the construction of Carrboro High
<br />School.
<br />Section 2. The officers of the County are hereby directed to proceed with the budget
<br />contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br /> FY 2009-10
<br />Current FY 2009-10
<br />Amendment FY 2009-10
<br />Revised
<br />2001 Bonds 12,800,000 (12,800,000) $0
<br />Alternative Financin 9,000,000 9,000,000 $0
<br />From General Fund 4,616,200 4,616,200 $0
<br />Im act Fees 9,300,000 9,300,000 $0
<br />Sales Tax Reimbursement 1,107,600 1,032,600 $75,000
<br />Total Funding $36,823,800 ($36,748,800) $75,000
<br />Section 4. The following amount is appropriated for this project:
<br /> FY 2009-10
<br />Current FY 2009-10
<br />Amendment FY 2009-10
<br />Revised
<br />Land & Assoc Fees 3,531,697 (3,531,697) $0
<br />Construction 27,679,603 (27,604,603) $75,000
<br />Professional Services 2,162,500 (2,162,500) $0
<br />Furnishin s 800,000 (800,000) $0
<br />Modular Purchase 500,000 (500,000) $0
<br />Startu Costs 400,000 (400,000) $0
<br />Technolo 1,000,000 (1,000,000) $0
<br />Contin enc 750,000 (750,000) $0
<br />Total Fundin $36,823,800 $36,748,800 $75,000
<br />Section 5 This ordinance supersedes previous Project Ordinances for this project.
<br />Section 6 This ordinance shall remain in effect until closed by action of the Board of County
<br />Commissioners.
<br />Adopted this 5th day of November 2009.
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