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<br />Efland Sewer Extension Development Project
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to
<br />Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following
<br />capital project is hereby adopted.
<br />Section 1. The project authorized includes engineering and construction costs for
<br />expansion of the Efland Sewer. The project will be completed in two
<br />phases — (1) Buckhorn Area/Gravelly Hill Middle School and (2) North
<br />Buckhorn /Central Efland. The project is financed with proceeds from the
<br />County's 1997 voter approved general obligation bonds, a portion of the
<br />County's share of the one -half cent sales tax, federal grants, transfers
<br />from other County projects and the General Fund and alternative
<br />financing.
<br />Section 2.. The officers of the County are hereby directed to proceed with the project
<br />within the budget contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br />Through FY
<br />2006 -07
<br />FY 2007 -08
<br />Through FY
<br />2007 -08
<br />Phase I - Buckhorn/Gravelly Hill Middle School
<br />Private Placement Loan /Certificates of Participation $1,294,000
<br />$0 $1,294,000
<br />Transfers From:
<br />$0
<br />General Fund
<br />$391,000
<br />$0
<br />$391,000
<br />Carrboro Library Capital Project
<br />$50,000
<br />$0
<br />$50,000
<br />Flooring Replacements Capital Project
<br />$100,000
<br />$0
<br />$100,000
<br />HVAC Repairs /Replacements Captial Projects
<br />$115,000
<br />$0
<br />$115,000
<br />Painting Exterior and Interior Surfaces Capital Projects
<br />$100,00.0
<br />$0
<br />$100,000
<br />Roofing Repairs /Replacements Capital Project
<br />$100,000
<br />$0
<br />$100,000
<br />Waterproofing Capital Project
<br />$150,000
<br />$0
<br />$150,000
<br />Total Phase I Funding
<br />$2,300,000
<br />$0
<br />$2,300,000
<br />Phase H - North Buckhorn/Central Efland
<br />Sales Tax
<br />$50,000
<br />$0
<br />$50,000
<br />1997 Bonds
<br />$1,200,000
<br />$0
<br />$1,200,000
<br />Grant Funds
<br />$1,355,000
<br />$0
<br />$1,355,000
<br />Total Phase H Funding,
<br />$2,605,000
<br />$0
<br />$2,605,000
<br />Total Phase I and Phase II
<br />1 $4,905,000
<br />$0
<br />$4,905,000
<br />
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