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Cedar Ridge High School Construction
<br />Orange County Schools
<br />Capital Project Ordinance
<br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2
<br />of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted.
<br />Section 1. The project authorized provides funds to construct a new high school, Cedar Ridge High
<br />School, in the district, using proceeds from the Schools' portion of impact fees, 1997 voter
<br />approved band referendum, savings from Pathways Elementary Construction, and an
<br />installment purchase arrangement. Repayment of the installment purchase arrangement will
<br />be paid from the District's annual portion of the one-half cent sales taxes. .
<br />Section 2. The officers of the County are hereby directed to proceed with the project within the budget
<br />contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br /> Through FY
<br />1999-00 2000-oi
<br />Appropriation Through FY
<br />2000-01
<br />Sales Tax 1,564,015 (1,434,336) 129,679
<br />Impact Fees 365,321 0 365,321
<br />PSBF 0 0 0
<br />raps er rom a ways
<br />Elementary School
<br />Construction Project
<br />
<br />0
<br />
<br />1,300,000
<br />
<br />1,300,000
<br />1997 Bond Funds 0 12,500,000 12,500,000
<br />Installment Purchase 0 13,665,000 13,665,000
<br />Total Project Funding 1,929,336 26,030,664 27,960,000
<br />Section 4. The following amount is appropriated for this project:
<br /> ug
<br />1999-00 -
<br />ro nation roug
<br />2000-01
<br />Pl Arc En in Fees 1,250 000 400,000 1,650,000
<br />Site Ac uisition 679,336 0 679 336
<br />Site Develo ment 0 2 06 000 2,306,000
<br />I.e Fiscal Cost 0 165,000 165,000
<br />Construction 0 19,208,190 19,208190
<br />Moveable E ui ment 1,100,000 1,100,000
<br />Techno 0 0 1751474 1,751474
<br />One-Time Start-U 0 500,000 500,000
<br />Con ' en 0 F~D0,000 600.000
<br />Total A ro nation T,929„336 26,030,664 27,960,000
<br />Section 5. This ordinance supersedes all previous New High School Construction Capital Project
<br />Ordinances for the Orange County Schools.
<br />Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2002.
<br />Adopted this 4th day of December 2000.
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