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3 <br /> Funding sources for the project include 1997 voter approved bonds ($12.5 million), <br /> Certificates of Participation (COPS) totaling $13.665 million and savings from Pathways <br /> Elementary School Construction project. At this time, estimated project savings at Pathways <br /> are in the neighborhood of$1.3 million. Should further savings be realized at the completion <br /> of the elementary school project, there may be additional transfers to the high school project <br /> (see Attachment 2, Cedar Ridge High School Construction Project Ordinance and <br /> Attachment 3, Pathways Elementary School Construction Project Ordinance). <br /> FINANCIAL IMPACT: Financial impacts are included in the background information above. <br /> RECOMMENDATION (S): The Manager recommends that the Board of County Commissioners <br /> adopt the attached budget ordinance amendments, Cedar Ridge High School Construction <br /> Capital Project Ordinance, and Pathways Elementary School Construction Project Ordinance. <br />