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DRAFT <br />Middle School #3 <br />Orange County Schools <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of <br />Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. <br />Section 1. The project authorized provides funds for the Orange County Schools to obtain options to <br />purchase property for and to design, construct, and equip a new middle school facility. <br />Anticipated revenues for the project consist primarily of 2001 voter approved bond funds, <br />with private placement financing as well. <br />Section 2. The officers of the County are hereby directed to proceed with the project within the budget <br />contained herein. <br />Section 3. The following County revenue is anticipated to complete this project: <br />Section 4. The following amount is appropriated for this project: <br />roug <br />2003 -04 <br />FY 2004 -05 <br />roug <br />2004 -05 <br />Sales Tax <br />$0 <br />$0 <br />$0 <br />School Construction <br />Impact Fees <br />$0 <br />$0 <br />$0 <br />Public School Building <br />Funds <br />$0 <br />$0 <br />$0 <br />2001 Bonds <br />$825,005 <br />$17,674,995 <br />$18,500,000 <br />Private Placement Loa <br />$0 <br />1 $3,520,566 <br />1 $3,520,566 <br />Total County Fundingl <br />$825,005 <br />1$21,195,561 1$22,020,5 <br />66 <br />Section 4. The following amount is appropriated for this project: <br />• • <br />Ili-1 I <br />11� <br />• • <br />[I • ►-'I •I • <br />'II <br />'1 •IY ••'•I <br />'1 •IY ••r <br />`•• I • <br />'1 //• <br />'`I <br />'1 11• <br />- <br />Now <br />c� ` • • ��� • <br />'yCl 111 <br />'1 1: 111 <br />'1 111 <br />=17-7-0 .• • a <br />'� 1 <br />'.:11 111 <br />'.:11 111 <br />:• 1, k • •• <br />''1 <br />'...1 111 <br />'.••1 111 <br />1�1 �I • <br />• I •a <br />'!1 <br />'1�•• 111 <br />' /�.• 111 <br />- - � F. I I R • 9. <br />