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Cedar Ridge High School Construction 5
<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, Cedar Ridge High
<br /> School, in the district, using proceeds from the Schools' portion of impact fees, 1997 voter
<br /> approved bond referendum, savings from Pathways Elementary Construction, and an
<br /> installment purchase arrangement. Repayment of the installment purchase arrangement will
<br /> be paid from the District's annual portion of the one-half cent sales taxes.
<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 2000-01 Through FY
<br /> 1999-00 Appropriation 2000-01
<br /> Sales Tax 1,564,015 (1,434,336) 129,679
<br /> Impact Fees 365,321 0 365,321
<br /> PSBF 0 0 0
<br /> rans er from a ways
<br /> Elementary.School
<br /> Construction Project 0 1,300,000 1,300,000
<br /> 1997 Bond Funds 0 12,500,000 12,500,000
<br /> Installment Purchase 0 13,665,000 13,665,000
<br /> Total Project Funding 1,929„336 26,030,664 27,960,000
<br /> Section 4. The following amount is appropriated for this project:
<br /> roug Through
<br /> 1999-00 Appropriation 2000-01
<br /> Plannin Arch/En in Fees 1,250,000 400,000 1,650,000
<br /> Site Acquisition 679,336 0 679,336
<br /> Site Development 0 2,306,000 7306,000
<br /> Le Fiscal Cost 0 165,000 165,000
<br /> Construction 0 19,208,190 19,208,190
<br /> Moveable Equipment 1,100,000 1,100,000
<br /> Technology 0 1,751,474 1,751,474
<br /> One-Time Start-Up 0 500,000 500,000
<br /> Contingenc y 0 1 600,000 600,000 '
<br /> Total A ro riation 1 1,929,336 1 26,030,664 1 27,960,000
<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, 2002.
<br /> Adopted this 4th day of December 2000.
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