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

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1Z Paving and Parking Lot Renovations 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 to repair and pave existing driveways and parking. Proceeds from Schools' portion of the one -half cent sales tax 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 antici ated to com lete this prqj ect: Section 4. The following amount is ap ro riated for this project: Through FY 2005 -06 FY 2006 -07 Through FY 2006 07 Sales Tax $961,590 $0 $961,590 lmpact Fees $0 $0 $0 PSBF $0 $0 $0 1997 Bond Funds $0 $0 $0 Alternative Financing $65,000 $0 $65,0DO Total Funding $1,026,590 $0 1 $1,026,590 Section 4. The following amount is ap ro riated for this project: Section 5. This ordinance supersedes all previous Paving and Parking Lot Renovations Capital Project Ordinances. Section 5. This ordinance, originally adopted June 22, 1998, shall remain in effect until June 30, 2007. Adopted this 17'' day of October 2006. Through FY 2005 -06 FY 2006 -07 Through FY 2006- 07 Plannin Areh/En in $50,000 $0 $50,000 Land/Assoc Fees $0 $0 $0 Construction $976,590 $0 1 $976,590 E ui ment/Furnishin s $0 $0 $0 Other $0 $0 $0 Contingency s0 $0 $0 Total Costs 51,026,590 50 $1,026,590 Section 5. This ordinance supersedes all previous Paving and Parking Lot Renovations Capital Project Ordinances. Section 5. This ordinance, originally adopted June 22, 1998, shall remain in effect until June 30, 2007. Adopted this 17'' day of October 2006.