Orange County NC Website
Orange High School Renovations <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 renovate Orange High School. <br />Renovations funded include improvements to the auditorium, science <br />laboratories, tennis courts and athletic fields along with flooring replacement in <br />'the main gymnasium and construction of an athletic field house. Proceeds from <br />a private placement loan, along with the Schools' share of pay -as- you -go capital <br />funds, finance the 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. <br />Section 4. <br />The following revenue is anticipated to complete this project: <br />The following amount is appropriated for this project: <br />Through FY <br />2006 -07 <br />FY 2007 -08 <br />Through FY <br />2007 -08 <br />Sales Tax <br />1,149,800 <br />$389,000 <br />1,538,800 <br />Bonds 2001 <br />0 <br />$0 <br />0 <br />Impact Fees <br />0 <br />$0 <br />0 <br />Private Placement <br />950,000 <br />$0 <br />950,000 <br />Transfers from <br />Completed Projects <br />0 <br />$0 <br />0 <br />Total Fundingr <br />2,099,800 <br />$389,000 <br />r 2,488,800 <br />The following amount is appropriated for this project: <br />Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br />2003, until June 30, 2008. <br />Adopted this 23rd day of October 2007. <br />Through FY <br />2006 -07 <br />FY 2607 -08 <br />Through FY <br />2007 -08 <br />Land/Building <br />$50,000 <br />$0 <br />$50,000 <br />Design <br />$0 <br />$0 <br />$0 <br />Construction <br />$2,049,800 <br />$389,000 <br />$2,438,800 <br />Other <br />$0 <br />$0 <br />1 <br />$0 <br />Total Costs <br />$2,099,800 <br />$389,000 <br />$2,488,800 <br />Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br />2003, until June 30, 2008. <br />Adopted this 23rd day of October 2007. <br />