ORD-2006-044 - Approval of Fiscal Year 2006-07 County and School Capital Project Ordinances

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f Orange High School Renovations Orange County Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds to renovate Orange High School. Renovations funded include improvements to the auditorium, science laboratories, tennis courts and athletic fields along with flooring replacement in the main gymnasium and construction of an athletic field house. Proceeds from a private placement loan, along with the Schools' share of pay -as- you -go capital 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: Through FY 2005.06 FY 2006 -07 Through FY 2006 -07 Sales Tax 978,000 $171,800 1,149,800 Bonds (2001) 0 $0 0 Impact Fees 0 $0 0 Private Placement 950,000 $0 950,000 Transfers from Completed Projects 0 $0 0 Total Fundingl 1,928,0001 $171,800 2,099,800 Section 4. The following amount is appropriated for this project: Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2007. Adopted this 121' day of September 2006. Through FY 2005 -06 FY 2006 -07 Through FY 2006.07 Land /Building $50,000 $0 $50,000 Design $0 $0 $0 Construction $1,878,000 $171,800 $2,049,800 Other 1 $0 $0 $0 Total Costs 1 $1,928,000 8001 $2,099,800 Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2007. Adopted this 121' day of September 2006.