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ORANGE COUNTY BOARD OF COMMISSIONERS C� <br /> 3 <br /> A RESOLUTION APPROVING THE PURCHASE PRICE OF <br /> THE SITE FOR THE NEW HIGH SCHOOL IN <br /> THE ORANGE COUNTY SCHOOLS DISTRICT <br /> WHEREAS, the bond referendum approved by Orange County voters in November 1997 included a <br /> portion of the funding required for the construction of a new high school in the Orange County Schools <br /> district; and <br /> WHEREAS, the Orange County Schools have, since the approval of that bond referendum,engaged in a <br /> process for identifying and selecting an appropriate site for that new high school, and have obtained <br /> options for the purchase of an appropriate site; and <br /> WHEREAS,North Carolina General Statutes §115C-426 (f), provide that"...no contract for the <br /> purchase of a site shall be executed nor any funds expended therefor without the approval of the board of <br /> county commissioners as to the amount to be spent for the site ..."; and <br /> WHEREAS, representatives of the Orange County Board of Education have presented sufficient <br /> information to persuade the Board of Commissioners that the proposed purchase price of$603,200 for the <br /> 64.8 acres under consideration is an appropriate amount to be spent for the site; <br /> NOW, THEREFORE,BE IT RESOLVED by the Orange County Board of Commissioners that it hereby <br /> approves the amount to be spent by the Orange County Board of Education for the site of the new high <br /> school. <br /> This, the 4th day of May, 1999. <br />