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<br />'Technology Application Project <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 projert is <br />hereby adopted. <br />Section 1.The project authorized provides funds to retrofit facilities for new technology <br />systems. Proceeds from the 1992 bond referendum, the 1997 bond referendum, <br />transfers from completed capital projects within the District, and the Schools' share <br />of pay-as-yeu-go capital funds finance this project. <br />Section 2,The officers of the County are hereby directed to proceed with the project within the <br />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 $4,559,800 $227,000 $4,786,800 <br />lin act Fees $0 $D $0 <br />PSBF _ $0 _ $0 $0 <br />1992 Bond Funds $2,000,000 $0 $2,000,D00 <br />1997 Bond Funds $1,290,200 $0 _ $1,290,200 <br />Transfer From Cedar Rid e Hi h Sch $1,250,000 $0 <br />~ $1,250,000 <br />Total Pro'ect Fundin $9,100,000 5227,000 $9,327,ODD <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2005.06 <br />FY 2006-07 Through FY <br />2006-07 <br />Plannin /Arch/En in $700,000 $0 $700,000 <br />Land/Assoc Fees $0 $0 $0 <br />Construction $1,625,000 $0 $1,625,OOD <br />E ui ment/Furnishin s $6,775,000 $227,000 $7,002,000 <br />Other $0 $0 $0 <br />Contin enc $0 $0 $0 <br />Total A ro nation $9,100,000 $227,000 $9,327,OD0 <br />Section 5. This ordinance supersedes all previous Technology Application Capital Project <br />Ordinances for the Orange County Schools system. <br />Section 6.This ordinance shall remain in effect from July 1, 1998 until June 30, 2007. <br />Adopted this 12~h day of September 2006. <br />