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

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3 Abatement Projects Chapel Hill- Carrboro City Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 132 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 District to comply with OSHA regulations related to removal of hazardous building materials such as asbestos flooring and ceiling tiles. Proceeds from the Schools' portion of the one -half cent sales taxes 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 $260,000 Impact Fees $0 $0 $0 PS.BF $0 $0 $0 1992 Bond Funds $0 1 $0 $0 1997 Bond Funds $0 $0 $0 Alternative Financing $0 $120,000 $120,000 Total Funding $260,000 $120,000 $380,000 Section 4. The following amount is appropriated for this project: Section 5. This ordinance supersedes previous CHCCS Abatement Capital Projects. Section 6. This ordinance remains in effect from July 1, 2002 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 Construct €on $260,000 $120,000 $380,000 Equipment/Furnishings $0 $0 $0 Other $0 $0 $0 Contingency $0 $0 $0 Total Costs $260,000 $120,000 $380,000 Section 5. This ordinance supersedes previous CHCCS Abatement Capital Projects. Section 6. This ordinance remains in effect from July 1, 2002 until June 30, 2007. Adopted this 17th day of October 2006.