ORD-2007-195 - Orange High School Renovations Orange County Schools Capital Project Ordinance

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0�?,0 -al oo7 -1 !P cz�- Orange High School Renovations Orange County Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners e following pursuant to capital project is Section 13.2 of Chapter 159 of the General Statutes of North Carolina, hereby adopted. Section 1. The project authorized provides funds tints to theea0uditor umHigh c science School. Renovations funded include improvem in laboratories, tennis courts and athletic fields long c with flooring field house. a Proceedstfrom the main gymnasium and construction of an a roc capital a private placement loan, along with the Schools' share of pay-as-you-go funds, finance the project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Section 4. The following amount is appropriated for this project: 2006 -07 .- 5 0 Construction $2,049,800 Other $0 Total Costs $2,099,800 FY 2007 -08 2007 -08 $0 $50, $0 in $2.049, Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2008- Adopted this 26' day of June 2007. °jODU.. - I. 2006 -07 FY 2007 -08 2007 -08 1149,800 , $0 1,149,800 0 Sales Tax 0 $0 Bonds 2001 0 -- 0 impact Fees 950,000 $0 950,000 Private Placement Transfers from* 0 $0 0 Completed Projects 2,099,800 $0 2,099,800 Total Fundin Section 4. The following amount is appropriated for this project: 2006 -07 .- 5 0 Construction $2,049,800 Other $0 Total Costs $2,099,800 FY 2007 -08 2007 -08 $0 $50, $0 in $2.049, Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2008- Adopted this 26' day of June 2007.