ORD-2006-089 - Approval of Chapel Hill-Carrboro City Schools Alternative Financed Capital Project Ordinances for School Renovation Projects

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Mobile Classrooms Chapel Hill- Carrboro City 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 for the purchase of mobile classrooms. Proceeds from impact fees, pay -as- you -go funds and alternative financing fund this 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 $260,000 $0 $280,000 Impact Fees $1,170,000. $0 $1,170,000 PSBF $0 $0 $0 1992 Bond Funds $0 $0 $0 1997 Bond Funds $0 $0 $0 Alternative Financing $0 $110,000 $110,000 Total Funding $1,450,000 $110,000 $1,560,001) Section 4. The following amount is appropriated for this project: Section 5. This ordinance remains in effect from.July 1, 2001 until June 30, 2007. Adopted this 17th day of October 2006. Through FY 2005 -06 FY 2006 -07 Through FY 2006 -07 Plannin /Arch /En in $0 $0 $0 Land /Assoc Fees $0 $0 $0 Construction $1,450,000 $0 $1,450,000 Equipment/Furnishings $0 1 $0 1 $0 Other $0 $110,000 $110,000 Contingency $0 1 $0 1 $0 Total Costs $1,450,OD0 1 $110,000 1 $1,560,000 Section 5. This ordinance remains in effect from.July 1, 2001 until June 30, 2007. Adopted this 17th day of October 2006.