ORD-2007-050 - Roofing Projects CHCCS Capital Project Ordinance

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a+ Roofing Projects ®~ ~°' ~'~' ~"' °~ Chapel Hill-Carrboro City Schools to°- ~~ °'°~ ~ Capital Project Ordinance .~~q~g 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 repair and replace roofs at many of the schools in the district. Proceeds from the Schools' portion of the one-half cent sales taxes, alternative financing, and transfers from completed projects within the District finance this project. Section 2. The officers of the Courity are hereby directed to proceed with the project within the budget contained herein. Section 3. Section 4. Section 5 The following revenue is anticipated to complete this project: Through FY 2005-06 FY 2006-07 Through FY 2006-07 Sales Tax $883,626 $0 $883,626 Im act Fees $0 $0 $0 Alternative Financin $1,495,000 $1,520,000 $3,015,000 1992 Bond Funds $0 $0 $0 1997 Bond Funds $0 $0 $0 Transfers from Completed Pro'ects $488,500 $0 $488,500 Total Pro ect Fundin $2,867,126 $1,520,000 $4,387,126 The following amount is appropriated for this project: Through FY 2005-06 FY 2006-07 Through FY 2006-07 Plannin lArch/En in $85,000 $120,000 $205,000 Land!Assoc Fees $0 $0 $0 Construction $2,782,126 $1,400,000 $4,182,126 E uI mentlFurnishin s $0 $0 $0 Other $0 $0 $0 Contin enc $0 $0 $0 Total $2,667,126 $1,520,000 $4,387,126 This ordinance supersedes all previous Renovations -Roofing Capital Projects for the Chapel Hill-Carrboro City Schools. Section 6. This ordinance, originally adopted July 1, 1998, shall remain in effect until June 30, 2009. Adopted this 26th day of June 2007.