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~'~~~a~°U ~QO3~ <br />~ a ~~ ~~ <br />Orange High School Renovations <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 renovate Orange High School. Planned <br />renovations include improvements to the auditorium, science laboratories, tennis <br />courts and athletic fields along with flooring replacement in the main gymnasium <br />and construction of an athletic field house. Proceeds from a private placement <br />loan finance the project. <br />Section 2. The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br /> Through FY <br />02-03 <br />FY 2003-04 Through FY <br />03-04 <br />Sales Tax $0 $0 <br />Bonds (2001) $0 $0 <br />Im act Fees $0 $0 <br />Private Placement $950,000 $950,000 <br />Other $0 $0 <br />Total Fundin $950,000 $0 $950,000 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />02-03 <br />FY 2003-04 Through FY <br />03-04 <br />Land/Building $50,000 $50,000 <br />Design $0 $0 <br />Construction $900,000 $900,000 <br />Other $0 $0 <br />Total Costs $950,000 $0 $950,000 <br />Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br />2003, until June 30, 2005. <br />Adopted this 26th day of June 2003. <br />