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<br />Orange High School Renovations <br />Orange County Schools D ~~ _ .~~ D ~ /`~ ~~ <br />Capital Project Ordinance ~~ `" ~~ %~ G' ~`~ <br />~~ <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 7. The project authorized provides funds to renovate Orange High School. Planned <br />renovations include improvements to the auditorium, science laboratories, tennis <br />courts and athletic fields along with flooring replacement in the main gymnasium <br />and construction of an athletic field house. Proceeds from a private placement <br />loan finance the project. <br />Section 2. The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br /> Through FY <br />04-OS <br />FY 05-06 Through FY <br />OS-06 <br />Sales Tax $240,000 $30,000 270,000 <br />Bonds (2001) $0 $0 0 <br />act Fees $0 $0 0 <br />Private Placement $950,000 $0 950,000 <br />Transfers from <br />Co leted Projects <br />$0 <br />$0 <br />0 <br />Total Fundin $1,190,000 $30,000 1,220,000 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />04-OS <br />FI' 05-06 Through FY <br />OS-06 <br />LandBuildin $50,000 $0 $50,000 <br />Desi $0 $0 $0 <br />Construction $1,140,000 $30,000 $1,170,000 <br />Other $0 $0 $0 <br />Total Costs $1,190,000 $30,000 $1,220,000 <br />Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br />2003, until June 30, 2006. <br />Adopted this 18th day of October 2005. <br />