ORD-2005-128 - Approval of School and County Capital Project Ordinances

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Orange High School Renovations Orange County 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 Orange High School. Planned renovations include improvements to the auditorium, science laboratories, tennis courts and athletic fields along with flooring replacement in the main gymnasium and construction of an athletic field house. Proceeds from a private placement loan finance the 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 04 -05 FY 05 -06 Through FY 05 -06 Sales Tax $240,000 $30,000 270,000 Bonds (2001) $0 $0 0 Impact Fees $0 $0 0 Private Placement $950,000 $0 950,000 Transfers from Completed Projects $0 $0 0 Total Funding, $1,190,000 $30,000 1,220,000 Section 4. The following amount is appropriated for this project: Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2006. Adopted this 18th day of October 2005. Through FY 04 -05 FY 05 -06 Through FY 05 -06 Land/Building $50,000 $0 $50,000 Design $0 $0 $0 Construction $1,140,000 $30,000 $1,170,000 Other $0 $0 $0 Total Costsl $1,190,000 $30,000 $1,220,000 Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2006. Adopted this 18th day of October 2005.