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V <br />i <br />CARRBORO ELEMENTARY SCHOOL <br />CHAPEL SILL- 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 I. The project authorized is for construction of <br />classrooms at Carrboro Elementary School. The <br />project will be financed by bond proceeds. <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. <br />Section 4. <br />Section 5. <br />Section 6. <br />The following revenue is anticipated to complete <br />this project: <br />Bond Proceeds <br />$1,609,258 <br />The following amount is appropriated for this <br />project: <br />Carrboro Elementary School $1,609,258 <br />This ordinance supersedes all previous Carrboro <br />Elementary Capital Project Ordinances. <br />This ordinance shall be in effect from the date <br />of adoption until June 30, 1991. <br />Adopted this 16 day of April, 1991. <br />5 <br />