Orange County NC Website
Browse       Search
R <br />FUTURE PROJECTS RESERVE <br />CHAPEL HILL - CARRBORO CITY SCHOOLS <br />CAPITAL PROJECT ORDINANCE <br />Be it ordained by the Board of Commissioners that pursuant to <br />Section 13.2 of Chapter 159 of the General Statutes of North <br />Carolina, the following capital project is hereby adopted. <br />Section 1. The project authorized is for reserving funds for <br />future Chapel Hill - Carrboro Schools capital <br />projects. The project will be financed by <br />State Public School Building Capital Funds and an <br />appropriation from the School Capital Reserve <br />Fund. <br />Section 2. The officers of the County are hereby directed to <br />proceed with the project within the budget <br />contained herein. <br />Section 3. The following revenue is anticipated to complete <br />this project: <br />Public School Building <br />Capital Funds $ 310,040 <br />Transfer from School Capital <br />Reserve Fund 465,640 <br />T <br />Total Revenue $ 775,680 <br />Section 4. The following amount is appropriated for this <br />project: <br />Future Projects Reserve <br />$ 775,680 <br />Section S. This ordinance supersedes all previous Chapel <br />Hill- Carrboro City Schools Future Projects <br />Reserve Capital Project Ordinances. <br />Section 6. This ordinance shall be in effect from the date <br />of adoption until June 30, 1991. <br />Adopted this 1st day of October, 1990. <br />7 <br />