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Paving and Parking Lot Renovations <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 13.2 <br /> of 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 repair and pave existing driveways and parking. <br /> Proceeds from Schools' portion of the one-half cent sales tax finance this project. <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 proje ct: <br /> Through FY FY 2007-08 Through FY <br /> 2006-07 2007-08 <br /> Sales Tax $961,590 $0 $961,590 <br /> Impact Fees - $0 $0 $0 <br /> PSBF $0 $0 $0 <br /> 1997 Bond Funds $0 $0 $0 <br /> Alternative Financin $65,000 $0 $651000 <br /> Total Fundin $1,026,590 $0 u, 6 590 <br /> 1 <br /> Section 4. The following amount is appr o riated for this project: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> Plannin Arch/En in $50,000 $0 $50,000 <br /> Land/Assoc Fees $o $0 $0 <br /> Construction $976,590 $0 $976,590 <br /> Equipment/Furnishings $0 $0 $0 <br /> Other $0 $0 1590 Contin enc $0 $0 Total Costs $1,026,590 $0 $1,026 <br /> Section 5. This ordinance supersedes all previous Paving and Parking Lot Renovations Capital Project <br /> Ordinances. <br /> Section 5. This ordinance, originally adopted June 22, 1998, shall remain in effect until June 30,2009. <br /> Adopted this 26"i day of June 2007. <br />