Orange County NC Website
Browse       Search
Elementary #10 <br /> Chapel Hill-Carrboro City 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 for the Chapel Hill-Carrboro City Schools to <br /> plan and design a new 585-student elementary school facility to be located on at <br /> the Twin Creeks Park and Educational Campus (formerly known as Chapel Hill <br /> Township District Park). Also included in this project is funding for infrastructure <br /> (water and sewer) to the County's Twin Creeks Park site. Anticipated revenues for <br /> the school project consist of alternative financing through third party financing. <br /> Section 2.The officers of the County are hereby directed to proceed with the project within the <br /> budget contained herein. <br /> Section 3.The following County revenue is anticipated to complete this project: <br /> 2006-07 FY 2007-08 2007-08 <br /> Pay-As-You-Go <br /> Funding(planned for <br /> fiscal year 2008-09) $500,000 $0 $500,000 <br /> Alternative Financing $23,352,000 $0 $23,352,000 <br /> Sales Tax <br /> Reimbursements $280,751 $0 $280,751 <br /> Total Funding $24,132,751 $0 $24,132,751 <br /> Section 4.The following amount is appropriated for this project within the County's capital <br /> project ordinance: <br /> Mnw&FY Thm ughFY <br /> 2006-07 FY2007-08 2007-08 <br /> Coi�on $19,057,004 $0 $19,057,004 <br /> Site ition $0 $0 $0 <br /> SiteD=Ioprnat $1,235,000 $0 $1,235,000 <br /> Fees $1,432,598 $0 $1,432,598 <br /> Rmishings $540,000 $0 $540,000 <br /> Terimlogy $744,389 $0 $744,389 <br /> Conshucdon $623,760 $0 $623,760 <br /> its $500,000 $0 $500,000 <br /> Total $24,132,751 $0 $24,132,751 <br />