ORD-2004-070 -Technology Application Project Orange County Schools Capital Project Ordinance

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Technology Application Project Orange County Schools Capital Project Ordinance G ~ Q '~o~ ~- a 7G /~ 5 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 retrofit facilities for new technology systems. Proceeds from the 1992 bond referendum, the 1997 bond referendum, transfers from completed capital projects within the District, and the Schools' portion of the County's one-half cent sales -tax finance 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: Through FY 2002-03 FY 2003-04 Through FY 2003-04 Sales Tax $3,325,000 $625,000 $3,950,000 Im act Fees $0 $0 $0 PSBF $0 $0 $0 1992 Bond Funds $2,000,000 $0 $2,000,000 1997 Bond Funds $1,290,200 $0 $1,290,200 Transfer From Cedar Rid a High Sc $1,250,000 $0 $1,250,000 Total Pro "ect Fundin $7,865,200 $625,000 $8,490,200 Section 4.The following amount is appropriated for this project: Through FY 2003-04 FY 2004-05 Through FY 2004-05 Plannin /Arch/Engin $700,000 $0 700,000 Land/Assoc Fees $0 $0 $0 Construction $1,625,000 0 $1,625,000 E ui ment/Furnishin s $5,540,200 $625,000 $6,165,200 Other $0 $0 $0 Contin enc $0 $0 $0 Total A ro riation 7,865,200 625,000 8,490,200 Section 5.This ordinance supersedes all previous Technology Application Capital Project Ordinances for the Orange County Schools system. Section 6.This ordinance shall remain in effect from July 1, 1998 until June 30, 2005. Adopted this 23~d day of June 2004.