Agenda - 02-15-2005-5h - Laserfiche WebLink

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ATTACHMENT 3 O High School #3 ~ Chapel Hill-Carrboro City Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Conunissioners that pursuant to Section 1.3.3 of Chapter 1.59 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds for the Chapel Hill-Carrboro City Schools to acquire property for and begin platuiing for the design, construction, and equipping of a new high school facility. Anticipated revenues for the project consist of 2001 voter approved bond funds, school conshuction impact fees, and a private placement loan. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section .3. The following revenue is anticipated to complete this project: troug t 2003-04 FY 2004-OS u'oug r 2004-OS Sales Tax $0 $0 $0 c o0 onstructton fin act Pees $5,272,523 $1,100,000 $6,372,523 u tc c loo ut mg Funds $0 $0 $0 2001 Bonds $0 $0 $0 Other $0 $0 $0 Total Fundin $5,272,523 $1,100,000 $6,372,523 Section 4. The following amount is appropriated for this project: Tluough F'Y 2003-04 FY 2004-OS 11nough FY 2004-05 Cot~shuction $0 $0 Site trisition $3,677,700 $0 $3,677,700 Site Develo n~eot $0 $0 $0 Fees $1,103,000 $1,100,000 $2,203,000 Mobile Classroons $491,823 $0 $491,823 Technology $0 $0 Cotrstruction Couth~ ncy $0 $0 One-Tiu~e Start U Costs $0 $0 Total Cos $5,272,523 $1,100,000 $6,372,523 Section 5. The effective date of this ordinance is the effective date of an interlocal agreement governing this project between the Chapel Hill-Carrboro Board of'Education and the Orange County Board of Commissioners. The ordinance will remain in effect from its effective date tlu'ough .June .30, 2007. Adopted this 15th day of February, 2005.