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A~~chmen-~ 3 Q
<br />Gravelly Hill Middle School
<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 of
<br />Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted.
<br />Section 1. The project authorized provides funds for the Orange County Schools to purchase property
<br />and design, construction, and equipping of a new middle school facility. Anticipated
<br />revenues for the project consist of pay-as-you-go funding (transfer from General Fund and
<br />Sales Tax Reimbursements), 2001 voter approved bond funds, a private placement loan,
<br />and a transfer from the County Capital Fund.
<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 County revenue is anticipated to complete this project:
<br /> Through FY
<br />2005-06 -
<br />07 Through FY
<br />2005-06
<br />ay- s- ou- o raps er
<br />from General Fund
<br />$0
<br />$802,000
<br />$802,000
<br />raps er rom oun y
<br />Capital Fund
<br />$60,000
<br />$0
<br />$60,000
<br />a es ax
<br />Reimbursements
<br />$0
<br />$300,000
<br />$300,000
<br />2001 Bonds $18,500,000 $0 $18,500,000
<br />Private Placement Loan $3,500,000 $0 $0
<br />Total Coun Fundin $22,120,000. $1,102,000 $23,222,000
<br />Section 4. The following amount is appropriated for this project:
<br /> Through FY
<br />2005-06
<br />FY ZOOG-07 Through FY
<br />ZOOG-07
<br />Construction $15,889,393 $300,000 $16,189,393
<br />Site Acquisition $775,005 $0 $775,005
<br />Site Acquisition
<br />(Sals/Materials Testing,
<br />Surveys
<br />
<br />$20,000
<br />
<br />$0
<br />
<br />$20,000
<br />Site Development $2,605,602 $0 $2,605,602
<br />Fees Arch/Eng/Design $1,115,000 $0 $1,115,000
<br />Nbveable Equipment $600,000 $0 $600,000
<br />Technology $650,000 $0 $650,000
<br />ru ton
<br />Contingency
<br />$465,000
<br />$0
<br />$465,000
<br />Cane-Time Start Up Costs $0 $802,000 $802,000
<br />Total $22,120,000 $1,102,000 $23,2?2,000
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