ORD-2008-048 - Technology application Project Orange County Schools Capital Project Ordinance

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Odd ~ - ~~o~ ~ a ~~ gQ~~o~~d ~s.:~i-oa ~~ Technology Application Project 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 retrofit facilities for new technology systems. Proceeds from the 1992 bond referendum, the 1997 bond referendum, transfers from completed capital projects within the District, and the Schools' share of pay-as-you-go capital funds finance this 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: Through FY 2007-08 FY 2008-09 Through FY 2008-09 Sales Tax $4,786,800 $500,000 $5,286,800 Im act Fees $0 $0 $0 PSBF $0 $0 $0 1992 Bond Funds $2,000,000 $0 $2,000,000 1997 Bond Funds $1,290,200 $0 $1,290,200 Transfer From Cedar Rid a Hi h Sch $1,250,000 $0 $1,250,000 Total Pro ect Funding $9,327,000 $500,000 $9,827,000 Section 4.The following amount is appropriated for this project: T rough FY 2007-08 FY 2008-09 hrough FY 2008-09 P annin /Arch/En in $700,000 $0 $700,000 Land/Assoc Fees $0 $0 $0 Construction $1,625,000 $500,000 $2,125,000 E ui ment/Furoishin s $7,002,000 $0 $7,002,000 Other $0 $0 $0 Contin enc $0 $0 $0 Total A ro nation 9,327,000 $500,000 9,827,000 Section 5.This ordinance supersedes all previous Technology Application Capital Project Ordinances for the Orange County Schools system. Section 6.This ordinance shall remain in effect from July 1, 1998 until June 30, 2009. Adopted this 1St day of May 2008..