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Scroggs Elementary School Construction 8 <br /> Chapel Hill-Carrboro City Schools d,Q)D -'Oeioe d.33 <br /> Capital Project Ordinance :_ o© o <br /> Project Number 64-880-7716 <br /> Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of <br /> Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. <br /> Section 1. The project authorized provides funds to build Scroggs Elementary School. Proceeds <br /> from a private placement loan obtained by Orange County and from Impact Fees <br /> 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 /> JL nrougn V I JL nrougn <br /> 1998-99 FY 1999-00 1999-00 <br /> sales ax $0 1 <br /> act Fees s 100,007 $100,0007 <br /> Bond un <br /> Bond un <br /> Private Placement km ancmg , <br /> o a roJec n ing $14JOUITWI $01 $14,100,000 <br /> Section 4. A portion of the available funds for this project has been transferred to Phillips Middle <br /> School Renovations Capital Project, Culbreth Middle School Renovations Capital Project, <br /> Planning for Future Projects Capital Project, and Athletic Facilities Capital Project. <br /> Section 5. The following amount remains appropriated for this project: <br /> Brougn IF x T Hrougn <br /> 1998-99 FY 1999-00 1999-00 <br /> annmg rc ngm $950,000 $0 $950,0( <br /> Land/Assoc Fees <br /> Construction $0 $1U,767,--)UU <br /> quipment urnis mgs $850,000 $0 $850,000 <br /> Other-Technology , <br /> contingency , <br /> oa 3i14,1UU,UUU <br />