Agenda - 05-01-2008-4h4b - Laserfiche WebLink

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Cedar Ridge High School Renovations Orange County Schools Gapital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds to construct a new high school, Cedar Ridge High School, in the district, using proceeds from the Schools' portion of impact fees, 1997 voter approved bond referendum, savings from Pathways Elementary Construction, Certificates of Participation (GOP's) (installment purchase arrangement), interest earned on the COPs, and transfers from other OCS capital projects. Repayment of the installment purchase arrangement will be paid from the District's annual portion of the one-half cent sales taxes. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Through FY 2008-09 FY 2008-09 Sales Tax $35,000 $35,000 Im act Fees $0 $0 cans er rom a ways Elementary School Construction Project $0 $0 raps er rom Information Technology Capital Project $0 $0 1997 Bond Funds $0 $0 e i Ica es o Participation (COPs) $0 $0 Interest Earnin son CO $0 $0 Total Project Funding $35,000 $35,000 Section 4. The following amount is appropriated for this project: FY 2008-09 Through FY 2008-09 Plannin /Arch/En in Fee $0 $0 Site Ac uisition $0 $0 Site Develo ment $0 $0 Le al/Fiscal Cost $0 $0 Construction $35,000 $35,000 Moveable E ui ment $0 $0 Technolo $0 $0 One-Time Start-U $0 $0 Contin enc $0 $0 cans er o erns ive School Project $0 $0 Total A ro nation $35,000 $35,000 Adopted this 15t of May 2008.