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<br />Orange High School Renovations <br />Orange County Schools <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted.. <br />Section 1. The project authorized provides funds to renovate Orange Nigh School. <br />Renovations funded include improvements to the auditorium, science <br />laboratories, tennis courts and athletic fields along with flooring replacement in <br />the main gymnasium and construction of an athletic field house. Proceeds from <br />a private placement loan, along with the Schools' share of pay-as-you•go capital <br />funds, finance the project.. <br />Section 2. The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br /> Through FY <br />2005.06 <br />FY 2006.07 Through FY <br />2006-07 <br />Sales Tax 978,000 _ $171,800 1,149,8D0 <br />Bonds (2001) ~ 0 $0 ___ 0 <br />Impact Fees 0 $0 0 <br />Private Placement 950,000 $0 950,OD0 <br />Transfers from <br />Completed Projects <br />0 <br />$D <br />0 <br />Total Funding 1,928,000 $171,800 2,099,800 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2D05.O6 <br />FY 2006-07 Through FY <br />2006.07 <br />Land/Building $50,000 $0 ~ $50,000 <br />Design _ $0 $0 $0 <br />Construction $1,878,000 $171,800 $2,049,800 <br />Olher $0 $0 $0 <br />Total Costs $1,928,000 $171,800 $2,099,800 <br />Section 5. This ordinance shall be in effect from the original date of adoption, March 24, <br />2003, until June 30, 2007. <br />Adopted this 12~h day of September 2006. <br />