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~~ <br />Technology Application Project <br />Orange County Schools <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 1.The project authorized provides funds to retrofit facilities for new technology <br />systems. Proceeds from the 1992 bond referendum, the 1997 bond referendum, <br />transfers from completed capital projects within the District, and the Schools' <br />portion of the County's one-half cent sales tax finance this project. <br />Section 2.The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3.The following revenue is anticipated to complete this project: <br /> Through FY <br />2002-03 <br />FY 2003-04 Through FY <br />2003-04 <br />Sales Tax $3,325,000 625,000 $3,950,000 <br />Im act Fees $0 $0 <br />PSBF $0 $0 <br />1992 Bond Funds $2,000,000 $2,000,000 <br />1997 Bond Funds $1,290,200 $1,290,200 <br />Transfer From Cedar Rid a Hi h Sc $1,250,000 $1,250,000 <br />Total Pro"ect Fundin $7,865,200 $625,000 $8,490,200 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2002-03 <br />FY 2003-04 Through FY <br />2003-04 <br />Plannin /Arch/En in $700,000 700,000 <br />Land/Assoc Fees 0 0 <br />Construction 1,625,000 1,625,000 <br />E ui ment/Furnishin s 5,540,200 625,000 6,165,200 <br />Other 0 0 <br />Contin enc 0 0 <br /> 0 <br />Total A ro riation 7,865,200 625,000 8,490,200 <br />Section S.The following amount is transferred from this project to the Cedar Ridge High <br />School Construction Project: <br /> roug roug <br /> 2002-03 FY 2003-04 2003-04 <br />rans er o ear i ge ig <br />School Construction Capital <br />Pro'ect 225,000 225,000 <br />Total Transfer 225,000 0 225,000 <br />