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

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15 Window Replacements 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 replacement of old and inoperable windows at various elementary, middle, and high schools. Funding for the project comes from savings from Public School Building Funds, savings from other projects within the District and alternative financing. 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 $870,000 $0 $870,000 Impact Fees $0 $0 50 PSBF $0- $0 $0 1992 Bond Funds s0 $0 $0 1997 Bond Funds s0 $0 s0 P role cts $0 $0 $0 Alternative Financing $350,000 $305,000 $655,000 Total Funding $1,220,000 $305,000 $1,525,000 Section 4. The following amount is appropriated for this project: Section 5. This ordinance remains in effect from July 1, 2002 until June 30, 2007. Adopted this 17h day of October 2006. Through FY 2005 -06 FY 2006 -07 Through FY 2006 -07 Plannin /Arch /En in $0 $25,000 $25,000 Land /Assoc Fees $0 $0 $0 Construction $1,220,000 $280,000 $1,500,000 E ui ment /Furnishin s $0 $0 $0 Other $0 $0 $0 Contingency $0 $0 $0 Total Costs $1,220.000 $305,000 $1,525,000 Section 5. This ordinance remains in effect from July 1, 2002 until June 30, 2007. Adopted this 17h day of October 2006.