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Technology Application Project
<br />Orange County Schools
<br />Capital Project Ordinance
<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 1.The project authorized provides funds to retrofit facilities for new technology
<br />systems. Proceeds from the 1992 bond referendum, the 1997 bond referendum,
<br />transfers from completed capital projects within the District, and the Schools'
<br />portion of the County's one -half cent sales tax finance this project.
<br />Section 2.The officers of the County are hereby directed to proceed with the project within the
<br />budget 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 FY
<br />2003 -04
<br />Sales Tax
<br />$3,325,000
<br />625,000
<br />$3,950,000
<br />I m pact Fees
<br />$0
<br />$0
<br />PSBF
<br />$0
<br />$0
<br />1992 Bond Funds
<br />$2,000,000
<br />625,000
<br />$2,000,000
<br />1997 Bond Funds
<br />$1,290,200
<br />0
<br />$1,290,200
<br />Transfer From Cedar Ridge High Sc
<br />$1,250,000
<br />$1,250,000
<br />Total Project Funding
<br />$7,865,200
<br />1 $625,0001
<br />$8,490,200
<br />Section 4.The following amount is appropriated for this project:
<br />Section 5.The following amount is transferred from this project to the Cedar Ridge High
<br />School Construction Project:
<br />Through FY
<br />2002 -03
<br />FY 2003 -04
<br />Through FY
<br />2003 -04
<br />Plannin /Arch /En in
<br />$700,000
<br />FY 2003 -04
<br />$700,000
<br />Land /Assoc Fees
<br />$0
<br />0
<br />Construction
<br />$1,625,000
<br />$1,625,060
<br />Equipment/Furnishings
<br />$5,540,200
<br />625,000
<br />$6,165,200
<br />Other
<br />0
<br />0
<br />0
<br />Contingency
<br />$0
<br />0
<br />0
<br />Total Appropriation
<br />$7,865,200
<br />625,000
<br />8,490,200
<br />Section 5.The following amount is transferred from this project to the Cedar Ridge High
<br />School Construction Project:
<br />7Frough FY
<br />Through
<br />2002 -03
<br />FY 2003 -04
<br />2003 -04
<br />Transfer to Cedar Ridge ig
<br />School Construction Capital
<br />Project
<br />225,000
<br />225,000
<br />Total Transfer
<br />225,000
<br />0
<br />225,000
<br />
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