Agenda - 05-01-2008-4h4c - Laserfiche WebLink

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Mechanical Systems Chapel Hill-Carrboro City Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds to replace obsolete mechanical equipment including boilers and electric heating and cooling systems. Proceeds from the Schools' portion of the one-half cent sales taxes, alternative financing, and transfers from completed projects within the District finance this project. Section 2 Section 3 Section 4. Section 5. Section 6. The officers of the County are hereby directed to proceed with the project within the budget contained herein. The following revenue is anticipated to complete this project: Through FY 2007-08 FY 2008-09 Through FY 2008-09 Sales Tax $1,540,490 $710,000 $2,250,490 Im act Fees $0 $0 $0 PSBF $0 $0 $0 Transfers from Completed Projects $210,000 $0 $210,000 Alternative Financin $2,030,000 $0 $2,030,000 Total Pro'ect Fundin $3,780,490 $710,000 $4,490,490 The following amount is appropriated for this project: Through FY 2007-08 FY 2008-09 Through FY 2008-09 Plannin /Arch/En in $112,000 $0 $112,000 Land/Assoc Fees $25,000 $0 $25,000 Construction $2,995,000 $710,000 $3,705,000 E ui ment/Furnishings $648,490 $0 $648,490 Other $0 $0 $0 Contingenc $0 $0 $0 Total $3,780,490 $710,000 $4,490,490 This ordinance supersedes all previous Mechanical Systems Capital Project Ordinances for the Chapel Hill-Carrboro City Schools. This ordinance, originally adopted May 21, 1997, shall remain in effect until June 30, 2009. Adopted this 1St day of May 2008.