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<br />Gravelly Hill Middle School
<br />Orange County Schools
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of
<br />Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted.
<br />Section 1. The project authorized provides funds for the Orange County Schools to purchase property
<br />and design, construction, and equipping of a new middle school facility. Anticipated
<br />revenues for the project consist of pay-as-you-go funding (transfer from General Fund and
<br />Sales Tax Reimbursements); 2001 voter approved bond funds, a private placement loan,
<br />and a transfer from the County Capital Fund.
<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 County revenue is anticipated to complete this project:
<br /> Through FY
<br />2005-06 -
<br />07 Throug
<br />2005-06
<br />ay- s- ou- o rans er
<br />from General Fund
<br />$0
<br />$802,000
<br />$802,000
<br />rans er rom oun
<br />Ca ital Fund
<br />$60,000
<br />$0
<br />$60,000
<br />a es ax
<br />Reimbursements
<br />$0
<br />$300,000
<br />$300,000
<br />2001 Bonds $18,500,000 $0 $18,500,000
<br />Private Placement Loan $3,500,000 . $0 $0
<br />Total Coun Fundin $22,120,000 $1,102,000 $23,222,000
<br />Section 4. The following amount is appropriated for this project:
<br /> Through FY
<br />2005-06
<br />FY2006-07 Through FY
<br />2006.07
<br />Construction $15,869,393 $300,000 $16,189,393
<br />Site uisition $775,005 $0 $775,005
<br />Site Acquisition
<br />(SalsMlaterialsTwting,
<br />
<br />$20,000
<br />
<br />$0
<br />
<br />$20,000
<br />Site Devel $2,605,602 $0 ,605,602
<br />Fees Arch/ Desi n $1,115,000 $0 $1,115,000
<br />Nbveable ipment $600,000 $0 $600,000
<br />Tedmol $650,000 $0 $650,000
<br />on
<br />Conti
<br />$465,000
<br />$0
<br />$465,000
<br />Orie-Time Start Costs $0 $802,000 $802,000
<br />Total $71,120,000 1,102,000 $23,222,000
<br />
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