|
A{~achm2r~f 3
<br />
<br />~~~?~~~T~Y do9
<br />Gravelly Hill Middle School
<br />Orange County Schools
<br />Capital Project Ordinance
<br />~/-~d~~'
<br />"`~,~
<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 /> T roug
<br />2005-06
<br />O7 Throug
<br />2005-01i
<br />ay- s- ou- o tans er
<br />from General Fund
<br />$0
<br />$802,000
<br />$802,000
<br />tans er tom 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 />2065-06
<br />FY200(i-07 Through F11'
<br />200607
<br />Construction 15,889,393 $300,000 16,189,393
<br />SiteAoquisitian $775,005 $0 5,005
<br />Site Aoquisitian
<br />(SaIs/Materials Testing,
<br />
<br />$20,000
<br />
<br />$0
<br />
<br />$20,000
<br />Site bevel $2,605,602 $0 $2,605,602
<br />Foes Deli n $1,115,000 $0 $1,115,000
<br />Nbv~le i $600,000 $0 ,000
<br />Techrtd $650,000 $0 $650,000
<br />on
<br />Conti
<br />$465,000
<br />$0
<br />$465,000
<br />One-Time Start Costs $0 $802,000 ,000
<br />Total 120,000 $1,102,000 ,222,000
<br />
|