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3 <br /> New High School Construction <br /> Orange County Schools <br /> Capital Project Ordinance <br /> Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 <br /> of 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 construct a new high school in the district. <br /> Proceeds from the Schools' portion of the one-half cent sales taxes,the 1997 bond <br /> referendum, and a private placement loan finance this project. <br /> Section 2. The officers of the County are hereby directed to proceed with the project within the budget <br /> contained herein. <br /> Section 3. The following revenue is anticipated to complete this project: <br /> Through FY 1999-00 Through FY <br /> 1998-99 Appropriation 1999-00 <br /> Sales Tax 957,834 606,181 1,564,015 <br /> Impact Fees 0 365,321 365,321 <br /> PSBF 0 0 0 <br /> 1997 Bond Funds 0 0 0 <br /> Other 0 0 0 <br /> Total Project Funding 957,834 1 971,502 1 1,929,336 <br /> Section 4. The following amount is appropriated for this project: <br /> o <br /> 1998-99 Appropriation 1999-00 <br /> PI ch/Engin 278,498 971,502 1,250,000 <br /> Land/Assoc Fees 679,336 0 679,336 <br /> Construction 0 0 0 <br /> Equiprnent/FutnishfiW 0 0 0 <br /> Other 0 0 0 <br /> Contingency 0 0 0 <br /> Total Appropriation 957,834 971,502 1,929,336 <br /> Section 5. This ordinance.supersedes all previous New High School Construction Capital Project <br /> Ordinances for the Orange County Schools. <br /> Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2001. <br /> Adopted this 6`" day June 2000. <br />