Orange County NC Website
!o <br />Non-personnel start up costs 815,000 <br />Budget costs $33,867,000 <br />4. The BOARD OF COMMISSIONERS agrees to appropriate a <br />total of $33,870,000 for the total of all of t:he elements <br />contained in the Standards for high school #3 which will have a <br />capacity of 1,000 students with funding as follows: <br />Source <br />Bonds (from elementary #10) <br />Impact fees, balance <br />Impact fees,. budgeted <br />Alternative. financing by County <br />Alternative financing by County <br />~~ paid for with "pay-as-you-go" <br />CIP revenue from future years <br />appropriations for "pay-as-you-go" <br />CIP revenue to the BOARD <br />•OF EDUCATION from the BOARD OF <br />COMMISSIONERS <br />Total <br />Amount <br />$12,800,000 <br />3, 240, 01)0 <br />6,400,000 <br />5,100,000 <br />6, 330,~OC)0 <br />$33,870,000 <br />5. Any amount by which the total cost of: high school #3 <br />exceeds $33,870,000 will be paid for by unencumbered BOARD OF <br />EDUCATION pay-as-you-go CIP revenue. <br />6. In consideration and subject to the BOARD OF <br />COMMISSIONERS complying with the terms hereof, the BOARD OF <br />EDUCATION irrevocably waives and relinquishes its right to <br />initiate and pursue any statutory or judicial process to appeal, <br />mediate, arbitrate or otherwise resolve any dispute between the <br />boards regarding the amount approved by the BOARD OF <br />7 <br />