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Roofing Projects <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 to repair and replace roofs at many of the <br /> schools in the district. Proceeds from the Schools' portion of the one-half cent <br /> sales taxes, alternative financing, and transfers from completed projects within <br /> the District finance this 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 $883,626 $0 $883,626 <br /> Impact Fees $0 $0 $0 <br /> Alternative Financing $3,015,000 $0 $3,015,000 <br /> 1992 Bond Funds $0 $0 $0 <br /> 1997 Bond Funds $0 $0 $0 i <br /> Transfers from Completed <br /> Projects $488,500 $0 $488,500 <br /> Total Project Fundin $4,387,126 $0 $4,387,126 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY FY 2007-08 Through FY <br /> 2006-07 2007.08 <br /> Piannin /Arch/En in $205,000 $0 $205,000 <br /> Land/Assoc Fees $0 $0 $0 <br /> Construction $4,182,126 $0 $4,182,126 <br /> Equipment/Furnishings $0 $0 $0 <br /> Other $0 $0 $0 <br /> Contingency $0 $0 $0 <br /> Total $4,387,126 $0 $4,387,126 <br /> Section 5. This ordinance supersedes all previous Renovations — Roofing Capital Projects <br /> for the Chapel Hill-Carrboro City Schools. <br /> Section 6. This ordinance, originally adopted July 1, 1998, shall remain in effect until June <br /> 30, 2009. <br /> Adopted this 26th day of June 2007. <br />