ORD-2004-101 - High School #3 Chapel Hill-Carrboro City Schools Capital Project Ordinance

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~~~ l~ DRAFT ~,~,~ ~ ~~~'~ ~~~ ~--. High School #3 ~; . ~~ ,. ~ ~~> 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 for the Chapel Hill-Carrboro City Schools to acquire property for and begin planning for the design, construction, and equipping of a new high school facility. Anticipated revenues for the project consist of 2001 voter approved bond funds, school construction impact fees, and a private placement loan. 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: roug 2002-03 FY 2003-04 roug 2003-04 Sales Tax $0 $0 c o0 onstruction act Fees $0 $5,272,523 $5,272,523 u is coo ui mg Funds $0 $0 2001 Bonds $0 $0 Other $0 $0 Total Fundin $0 $5,272,523 $5,272,523 Section 4. The following amount is appropriated for this project: Through FY 2002-03 FY 2003-04 ~~ F''Y 2003-04 Construction $0 ~ Site 'sition $0 $3,677,700 $3,677,700 Site Devel $0 ~ ~ Fees $0 $1,103,000 $1,103,000 Mobile ~~~~ $0 491,823 $491,823 Teclniologv $0 ~ Construction Contingency $0 ~ One-Tune Start Up Costs $0 $0 Total $0 $5,272,523 $5,272,523 Section 5. Pursuant to paragraph 5 of Orange County's "Policy on Planning. and Funding School Capital Projects", the Board of Corrunissioners will appoint one Commissioner representative (Commissioner Margaret Brown) and one or two staff representatives to partner with school representatives as project plans develop.