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Orange High School Renovations <br /> Orange County 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 1. The project authorized provides funds to renovate Orange High School. <br /> Renovations funded include improvements to the auditorium, science <br /> laboratories, tennis courts and athletic fields along with flooring replacement in <br /> the main gymnasium and construction of an athletic field house. Proceeds from <br /> a private placement loan, along with the Schools' share of pay-as-you-go capital <br /> funds, finance the project. <br /> Section 2. The officers of the County are hereby directed to proceed with the project within <br /> the budget contained herein. <br /> Section 3. The following revenue is anticipated to complete this project: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> Sales Tax 1,149,800 $0 1,149,800 <br /> Bonds(2001) 0 $0 0 <br /> Impact Fees 0 $0 0 <br /> Private Placement 950,000 $0 950,000 <br /> Transfers from' <br /> Completed Projects 0 $01 0 <br /> Total Fundlngl 099,800 $0 1 21 099,800 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> LandfBuildin $50,000 $0 $50,000 <br /> Design $0 $0 $0 <br /> Construction $2,049,800 $0 $2,049,800 <br /> Other $0 $0 $0 <br /> Total Costs $2,099,800 $0 $2,099,800 <br /> Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br /> 2003, until June 30, 2008. <br /> Adopted this 26th day of June 2007. <br />