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High School #3 <br />Chapel Hill- Carrboro City Schools <br />Capital Project Ordinance <br />V <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 Chapel Hill- Carrboro City Schools to acquire <br />property for and begin planning for the design, construction, and equipping of a new high <br />school facility. Anticipated revenues for the project consist of 2001 voter approved bond <br />funds, school construction impact fees, and a private placement loan. <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 revenue is anticipated to complete this project: <br />Section 4. The following amount is appropriated for this project: <br />Through.FY <br />2002 -03 <br />FY 2003 -04 <br />Through <br />2003 -04 <br />Sales Tax <br />$0 <br />$0 <br />School onstruction <br />h-npact Fees <br />$0 <br />$4,130,523 <br />$4,130,523 <br />Public School Building <br />Funds <br />$0 <br />$0 <br />$0 <br />2001 Bonds <br />$0 <br />$1,103,000 <br />$0 <br />Other <br />$0 <br />491,823 <br />$0 <br />Total Fundin <br />$0 <br />1 $4,130,523 1 <br />$4,130,523 <br />Section 4. The following amount is appropriated for this project: <br />Section 5. Pursuant to paragraph 5 of Orange County's "Policy on Planning and Funding School <br />Capital Projects ", the Board of Commissioners will appoint one Commissioner <br />representative (Commissioner Margaret Brown) and one or two staff representatives to <br />partner with school representatives as project plans develop. <br />Through FY <br />2002 -03 <br />FY 2003 -04 <br />Through FY <br />2003 -04 <br />Construction <br />$0 <br />$0 <br />Site Acquisition <br />$0 <br />$2,535,700 <br />$2,535,700 <br />Site Devel <br />$0 <br />$0 <br />$0 <br />Fees <br />$0 <br />$1,103,000 <br />$1,103,000 <br />Mobile Classrooms <br />$0 <br />491,823 <br />$491,823 <br />Tecbnolo & <br />$0 <br />$0 <br />C,onst action Contingm <br />$0 <br />1 <br />$0 <br />One -Time Start Lip Costs <br />$01 <br />1 <br />$0 <br />Total Costs <br />$0 <br />$4,130,523 1 <br />$4,130,523 <br />Section 5. Pursuant to paragraph 5 of Orange County's "Policy on Planning and Funding School <br />Capital Projects ", the Board of Commissioners will appoint one Commissioner <br />representative (Commissioner Margaret Brown) and one or two staff representatives to <br />partner with school representatives as project plans develop. <br />