ORD-2007-041 - Atheletic facilities Improvements CHCC Schools Capital Project Ordinance

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Athletic Facilities Improvements Chapel Hill-Carrboro City 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 replace equipment and improve athletic facilities at various schools throughout the District. Proceeds from the Schools' portion of the one-half cent sales taxes and alternative financing fund this project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. Section 4. The following revenue is anticipated to complete this project: Through FY 2005-06 FY 2006-07 Through FY 2006-07 Sales Tax $1,287,387 $0 $1,287,387 Im act Fees $0 $0 $0 PSBF $0 $0 $0 Alternative Financin $210,000 $855,000 $1,065,000 1992 Bond Funds $0 $0 $0 1997 Bond Funds $0 $0 $0 Transfer from Scroggs Elementar Ca ital Pro'ect $70,000 $0 $70,000 Total Pro ect Fundin $1,567,387 $855,000 $2,422,387 The following amount is appropriated for this project: Through FY 2005-06 FY 2006-07 Through FY 2006.07 Piannin lArchlEn in $45,000 $0. $45,000 Land/Assoc Fees $0 $0 $0 Construction $1,522,387 $855,000 $2,377,387 E ui ment/Furnishin s $0 $0 $0 Other $0 $0 $0 Contin enc $0 $0 $0 Total $1,567,387 $855,000 $2,422,387 Section 5. This ordinance supersedes all previous Athletic Facilities and Playgrounds Capital Project Ordinances for the Chapel Hill-Carrboro City Schools. Section 6. This ordinance, originally adopted June 29, 1992, shall remain in effect until June 30, 2009. Adopted this 26th day of June 2007.