Orange County NC Website
Funding sources for the project include 1997. voter approved bands ($12.5 million), <br />Certificates of Participation (COPS) totaling $13.6G5 million and savings fram Pathways <br />Elementary School Construction project. At this time, estimated project savings at Pathways <br />are in the neighborhood of $1.3 million. Should further savings be realized at the completion <br />of the elementary school project, there may be additional transfers to the high school project <br />(see Attachment 2, Cedar Ridge High School Construction Project Ordinance and <br />Attachment 3, Pathways Elementary School Constructian Project Ordinance). <br />FINANCIAL IMPACT: Financial impacts are included in the background information above. <br />RECOMMENDATION (S): The Manager recommends that the Board of County Commissioners <br />adopt the attached budget ordinance amendments, Cedar Ridge High School Construction <br />Capital Project Ordinance, and Pathways Elementary School Construction Project Ordinance. <br />