Agenda - 06-23-2004-5p - Laserfiche WebLink

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DRAFT a High School #3 Chapel Hill-Carrboro City Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 1.3.2 of Chapter 159 ofthe General Statutes of North Carolina, the following capital project is hereby adopted. Section L The project authorized provides funds for the Chapel Hill-Carrboro City Schools to acquire property for and begin planning 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 construction 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: rroug 2002-0.3 FY 200.3-04 rroug r 2003-04 Sales Tax $0 $0 c roo onstrucuon Impact Fees $0 $5,272,523 $5,272,523 u is c roo u~ mg Funds $0 $0 2001 Bonds $0 _ $0 Other $0 $0 Total Tundin $0 $5,272,523 $5,272,523 Section 4. The following amount is appropriated for this project: Through FY 2002-03 __ FY2003-04 Through FY 2003-04 Conshuction ~ $0 ~ $0 Site 'sition $0 $3,677,700 $3,677,700 Site Ikvelopment $0 $0 $0 Fees $0 $1,103,000 $1,103,000 Mobile Classrooms $0 491,823 $491,823 Technology $0 $0 Construction Contingency $0 $0 One-Tirr~ Start U Costs $0 $0 Total Cost $0 $5,272,523 $5,272,523 Section 5. Pursuant to paragraph 5 of Orange County's "Policy on Planning and Funding School Capital Projects", the Board of Commissioners will appoint one Commissioner representative (Commissioner Margaret Brown) and one or two staff representatives to partner with school representatives as project plans develop.