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<br />Efland Sewer Extension Development Project ~p °,~~'' ~ ~
<br />Capital Project Ordinance ~~
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<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to
<br />Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following
<br />capital project is hereby adopted.
<br />Section 1. The project authorized includes engineering and construction costs for
<br />expansion of the Efland Sewer. The project will be completed in two
<br />phases - (1) Buckhorn Area/Gravelly Hill Middle School and (2) North
<br />Buckhorn/Central Efland. The project is financed with proceeds from the
<br />County's 1997 voter approved general obligation bonds, a portion of the
<br />County's share of the one-half cent sales tax, federal grants, transfers
<br />from other County projects and the General Fund and alternative
<br />financing.
<br />Section 2. The officers of the County are hereby directed to proceed with the project
<br />within the budget contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br /> Through FY
<br />2005-06
<br />FY 2006-07 Through FY 2006
<br />07
<br />Phase I -Buckhorn/Graven Hill Middle School
<br />Private Placement Loan/Certificates of Participation $894,000 $400,000 $1,294,000
<br />Transfers From: $0
<br />General Fund $391,000 $0 $391,000
<br />Carrboro Library Capital Project $50,000 $0 $50,000
<br />Flooring Replacements Capital Project $100,000 $0 $100,000
<br />HVAC Repairs/Replacements Captial Projects $115,000 $0 $115,000
<br />Painting Exterior and Interior Surfaces Capital Projects $100,000 $0 $100,000
<br />Roofing Repairs/Replacements Capital Project $100,000 $0 $100,000
<br />Waterproofing Capital Project 150,000 $0 $150,000
<br />Total Phase I Fundin $1,900,000 $400,000 $2,300,000
<br />Phase II - North Buckhorn/Central Efland
<br />Sales Tax $50,000 $0 $50,000
<br />1997 Bonds $1,200,000 $0 $1,200,000
<br />Grant Funds $1,355,000 $0 $1,355,000
<br />Total Phase II Fundin $2,605,000 $0 $2,605,000
<br />Total Phase I and Phase II $4,505,000 $400,000 $4,905,000
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