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li <br />Elementary #10 <br />Chapel Hill-Carrboro City Schools <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 7.The project authorized provides funds for the Chapel Hill-Carrboro City Schools to <br />plan and design a new 585-student elementary school facility to be located on at <br />the Twin Creeks Park and Educational Campus (formerly known as Chapel Hill <br />Township District Park). Also included in this project is funding for infrastructure <br />(water and sewer) to the County's Twin Creeks Park site. Anticipated revenues for <br />the school project consist of alternative financing through third party finaricing. <br />Section 2.The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3.The following County revenue is anticipated to complete this project: <br /> 2005-06 FY 2006-07 2006-07 <br />ay- - ou- <br />Funding (planned for <br />fiscal year 2008-09) <br /> <br />$0 <br /> <br />$500,000 <br /> <br />$500,000 <br />Alternative Financing $0 $23,352,000 $23,352,000 <br />Sales Tax <br />Reimbursements <br />$0 <br />$280,751 <br />$280,751 <br />Total Fundin $0 $24,132,751 $24,132,751 <br />Section 4.The following amount is appropriated for this project within the County's capital <br />project ordinance: <br /> TIuw~I+Y <br />2005-06 <br />Fi'2006-07 ~tro~gliF'L' <br />2006-07 <br />Caml~udion $0 $19,057,004 $19,057,004 <br />Site ' 'tion $0 $0 $0 <br />Sitel7evel $0 $1,235,000 $1,235,000 <br />Foes $0 $1,432,598 $1,432,598 <br /> $0 $540,000 $540,000 <br />Techml $0 $744,389 $744,389 <br />Cointrudian $0 $62:1,760 $623,760 <br />Costs $0 $500,000 $_500,000 <br />Total $0 $24,132,751 $24,132,751 <br />