ORD-2003-007 Budget Amendment #9

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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 2001 -02 FY 2002 -03 Through FY 02 -03 Sales Tax $0 $0 $0 Bonds 2001 $0 $0 $0 Impact Fees $0 $0 $0 Private Placement $0 $950,000 $950,000 Other $0 $0 $0 Total Funding $0 $950,000 $950,000 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, 2005. Adopted this 20' day of March 2003. Through FY 2001 -02 FY 2002 -03 Through FY 02 -03 Land/Building $0 $50,000 $50,000 Design $0 $0 $0 Construction $0 $900,000 $900,000 Other $0 $0 $0 Total Costs $0 $950,000 $950,000 Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2005. Adopted this 20' day of March 2003.