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<br />Efland Sewer Extension Development Project
<br />Capital Project Ordinance
<br />Be it ordained by the Qrange County Board of County Commissioners that pursuant to
<br />Section 13,2 of Chapter 159 of the General Statutes of North Carolina, the following
<br />capital project is hereby adopted.
<br />Section 1. The project authorized includes engineering and construction costs for
<br />expansion of the Efland Sewer. The project will be completed in two
<br />phases - (1) Buckhorn Area/Gravelly Hill Middle School and (2) North
<br />Buckhorn/Central Efland, The project is financed with proceeds from the
<br />County's 1997 voter approved general obligation bonds, a portion of the
<br />County's share of the one-half cent sales tax, federal grants, transfers
<br />from other County projects and the General Fund and alternative
<br />financing.
<br />Section 2. The officers of the County are hereby directed to proceed with the project
<br />within the budget contained herein,
<br />Section 3. The following revenue is anticipated to complete this project;
<br /> Through FY
<br />2004-OS
<br />FY 2005-OG Through FY
<br />2005-06
<br />Phase I - Bucld~orn/Gravelly Hilt Middle School
<br />Private Placement Loan/Certificates of Participation $0 $894,000 $894,000
<br />Transfers From:
<br />General Fund $0 $391,000 $391,000
<br />Carrboro Library Capital Project $0 $50,000 $50,000
<br />Flooring Replacements Capital Project $0 $100,000 $100,000
<br />HVAC Repairs/Replacements Captial Projects $0 $115,000 $115,000
<br />Painting Exterior and Interior Surfaces Capital Projects $0 $100,000 $100,000
<br />Roofing Repairs/Replacements Capital Project $0 $100,000 $100,000
<br />Waterproofing Capital Project $0 $150,000 $150,000
<br />'Total Phase I Fundin $0 $1,900,000 $1,900,000
<br />Phase II -North Bucld~orn/Central Etland
<br />Sales Tax $50,000 $0
<br />~ $50,000
<br />1997 Bonds $1,200,000 $0 $1,200,000
<br />Grant Funds $870,000 $485,000 $1,355,000
<br />Total Phase R Fundin $1,120,000 $485,000 $2,605,000
<br />Totat Phase I and Phase II $2,120,000 $2,385,000 $4,505,000
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