Orange County NC Website
3s <br />Cedar Ridge High School Construction ~ ~~~ <br />Orange County Schools o ~ ~ - ~ ~d ~ <br />Capital Project Ordinance ~'- ~G ~.,~dv ~` <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to ~e~ion 13.2of <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 to construct a new high school, Cedar Ridge High <br />School, in the district, using proceeds from the Schools' portion of impact fees, 1997 voter <br />approved bond referendum, savings from Pathways Elementary Construction, Certificates <br />of Participation (GOP's) (installment purchase arrangement), interest earned on the COPs, <br />and transfers from other OCS capital projects. Repayment of the installment purchase <br />arrangement will be paid from the District's annual portion of the one-half cent sales taxes. <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 revenue is anticipated to complete this project: <br /> Through FY FY Through FY <br /> 2005-06 2006-07 2006-07 <br />Sales Tax $129,679 $0 $129,679 <br />Im act Fees $515,321 $0 $515,321 <br />ans r r a <br />Elementary School <br />Construction Project $1,300,000 $0 $1,300,000 <br />e r <br />Information Technology <br />Capital Project $6,400 $0 $6,400 <br />_1997 Bond Funds $12,500,000 $0 $12,500,000 <br />e i ica es o <br />Participation (COPS) $13,665,000 $0 $13,665,000 <br />Interest Earnin son CO $500,000 $0 $500,000 <br />Total Pro'ect Fundin $28,616,400 $0 $28,616,400 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2005-06 <br />FY 2006-07 Through FY <br />2006-07 <br />Plannin /ArchlEn in Fee $1,650,000 $0 $1,650,000 <br />Site Ac uisition $679,336 $0 $679,336 <br />Site Develo ment $2,306,000 $0 $2,306,000 <br />Le al/Fiscal Cost $165,000 $0 $165,000 <br />Construction $19,340,190 $0 $19,340,190 <br />Moveable E ui ment $1,100,000 $0 $1,100,000 <br />Technolo $1,750,874 $0 $1,750,874 <br />One-Time Start-U $1,375,000 $0 $1,375,000 <br />Contin enc $250,000 ($174,800 $75,200 <br />vans er o erna ive <br />School Pro'ect <br />$0 <br />$174,800 <br />$174,800 <br />Total Ap ro nation $28,616,400 $0 $28,616,400 <br />Section 5. This ordinance supersedes all previous Cedar Ridge High School Construction Capital <br />Project Ordinances for the Orange County Schools. <br />