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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 />Section 4.The following amount is appropriated for this project within the County's capital <br />project ordinance: <br />2006-07 <br />FY 2007 -08 <br />2007 -08 <br />ay- - ou <br />Funding (planned for <br />fiscal year 2008 -09) <br />$500,000 <br />$0 <br />$500,000 <br />Alternative Financing <br />$23,352,000 <br />$0 <br />$23,352,000 <br />Sales Tax <br />Reimbursements <br />$280,751 <br />$0 <br />$280,751 <br />Total Fm <br />$24,132,751 <br />$0 <br />$24,132,751 <br />Section 4.The following amount is appropriated for this project within the County's capital <br />project ordinance: <br />7 <br />II 1 .JI <br />II 1 .�I <br />��•.nai <br />' .0 111 <br />'!1 <br />' .0 111 <br />�• ':'..'i'i'i Sri �• <br />•.1. <br />' 11111 <br />'!1 <br />' 11111 <br />7 <br />