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,j,,g D .a©o 7 -.Iq <br />4/-, -1G -ao° <br />�Ca <br />Technology Application Project <br />Orange County 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 retrofit facilities for new technology <br />systems. Proceeds from the 1992 bond referendum, the 1997 bond referendum, <br />transfers from completed capital projects within the District, and the Schools' share <br />of pay -as- you -go capital funds finance this project. <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 revenue is anticipated to complete this project: <br />Sales Tax <br />Imnact Fees <br />PSBF <br />1992 Bond Funds <br />1997 Bond Funds <br />Transfer From Cedar Ridge <br />Total Project <br />Through F;00 <br />Through FY <br />2006 -07 <br />FY 2007 -08 <br />2007 -08 <br />$4,786, <br />$0 <br />$4,786,800 <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />$2,000,000 <br />$0 <br />$2,000,000 <br />$1,290,200 <br />$0 <br />$1,290,200 <br />$1,250,000 <br />$0 <br />$1,250,000 <br />Section 4.The following amount is appropriated for this project: <br />Section 5.This ordinance supersedes all previous Technology Application Capital Project <br />Ordinances for the Orange County Schools system. <br />Section 6.This ordinance shall remain in effect from July 1, 1998 until June 30, 2008. <br />Adopted this 26th day of June 2007. <br />