ORD-2005-041 - Approval of Fiscal year 2005-06 Budget Ordinance Capital Project Ordinance and Grant Project Ordinance

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Carrboro Elementary 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 renovate Carrboro Elementary School. Examples of renovations to be completed at this school include fire /safety /security improvements, lighting improvements and mechanical system upgrades, intercom and bell /clock system improvements. Proceeds from alternative financing and pay - as- you -go funds provide funds for 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 2004 -05 FY 2005 -06 Through FY 2005 -06 Sales Tax $225,000 $35,000 $260,000 Impact Fees $0 $0 $0 PSBF $0 $0 $0 Alternative Financing $50,000 $0 $50,000 Total Project Fundin $275,000 $35,000 $310,000 Section 4.The following amount is appropriated for this project: Section 5. This ordinance, originally adopted June 26, 2003, shall remain in effect until June 30, 2006. Adopted this 23rd day of June 2005. Through FY 2004 -05 FY 2005 -06 Through FY 2005 -06 Plannin /Arch /En in $0 $0 $0 Land /Assoc Fees $0 $0 $0 Construction $0 $0 $0 Improvements $225,000 $35,000 $260,000 ire a e y ecun y System $50,000 $0 $50,000 Contingency $0 $0 $0 Totall $275,000 $35,000 $310,000 Section 5. This ordinance, originally adopted June 26, 2003, shall remain in effect until June 30, 2006. Adopted this 23rd day of June 2005.