|
Cedar Ridge High School Construction 7
<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 bonds, savings from Pathways Elementary Construction, and an installment
<br />purchase arrangement. Repayment of the installment purchase arrangement will be paid
<br />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 2000-01
<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 />rags 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 T,929,336 26,030,b64 27,960,000
<br />Section ~. The following amount is appropriated for this project:
<br /> ug
<br />1999-00
<br />m nation ug
<br />2000-01
<br />P Arch/En in Fees 1,250,000 400,000 1650,000
<br />Site Ac uisition 679 36 0 679,336
<br />Site Deve o ment 0 2,306 000 2 06 000
<br />Le Fiscal Cost 0 165,000 165,000
<br />Construction 0 19,558,190 19 558 190
<br />Moveable E ui ment 1100,000 1,100,000
<br />Technolo 0 1,751,474 1,751474
<br />One-Tune Start-U 0 500,000 500,000
<br />Con ' en 0 250,000 20,000
<br />Total A ro riation 1,929,336 26,030,664 27,960,000
<br />Section S. 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 19th day of June 2001.
<br />
|