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4 <br /> Chapel Hill High School (Phase II) Project <br /> Chapel Hill/Carrboro City Schools <br /> Capital Project Ordinance <br /> Project Number 64-880-7107 <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 <br /> adopted. <br /> Section 1. The project authorized is for a transportation center to be constructed with funds <br /> allocated in this project. This project will be financed with proceeds from the Schools' portion of the <br /> one-half cent sales taxes. <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 /> Transfer from Middle School Project(1991-92) $ 40,000 <br /> Transfer from School Capital Reserve(1992-93) $425,146 <br /> Transfer from General Fund(1993-94) $243,810 <br /> Transfer from General Fund(1994-95) $ 50,000 <br /> Transfer from Chapel Hill High School Capital $ 4,547 <br /> Project Phase I (1994-95) <br /> Transfer from General Fund(1995-96) $244,538 <br /> Transfer from Reserve for Future Projects $116,652 <br /> Project(1995-96) <br /> Total Revenue $1,124,693 <br /> Section 4. The following amount is appropriated for this project: <br /> Chapel Hill High School (Phase II) $1,124,693 <br /> Section 5. This ordinance supersedes all previous Chapel Hill High(Phase lI) Center Capital <br /> Project Ordinances. <br /> Section 6. This ordinance, originally adopted June 26, 1990, shall be in effect until June 30, 1996. <br /> Adopted this 14th day of May, 1996. <br /> M:\BUDGET\9596\ORDS\SCHCAP\CHliSII.WORD <br />