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w <br /> 4 <br /> Attachment 2. 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 <br /> 13.2of 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 construct a new high school, Cedar Ridge <br /> High School, in the district, using proceeds from the Schools' portion of impact <br /> fees, 1997 voter approved bond referendum, savings from Pathways Elementary <br /> Construction, Certificates of Participation (COP'S) (installment purchase <br /> arrangement), interest earned on the COPs, and transfers from other OCS capital <br /> projects. Repayment of the installment purchase arrangement will be paid from the <br /> 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 <br /> budget contained herein. <br /> Section 3.The following revenue is anticipated to complete this project: <br /> Through FY 2002-03 Through FY <br /> 2001-02 Appropriation 2002-03 <br /> Sales Tax 129,679 0 129,679 <br /> Im act Fees 365,321 150,000 516,321 <br /> rans er rom rdtFlWdyb <br /> Elementary School <br /> Construction Prolect 1.300.000 0 1.300.0010 <br /> rans er TrOM <br /> Information Technology <br /> Ca ital Pro ect 0 225,000 225,000 <br /> 1997 Bond Funds 12,500,000 0 12,500,000 <br /> Certificates o <br /> Particiliation COPS 13,261,0002 0 13 665 000 <br /> Interest Earnin son CO 500 000 500,000 <br /> Total Project Funding 27 960 000 875 000 1 28,835,000 <br /> Section 4.The following amount is appropriated for this project: <br /> Through FY 2002-03 Through FY <br /> 2001-02 Appropriation 2002-03 <br /> Plannin /Arch/En in Fe 1,650,000 0 1,650,000 <br /> Site Acquisition 679,336 0 679,336 <br /> Site Develo ment 2306,000 0 2,306,000 , <br /> Legal/Fiscal Cost 165,000 0 165,000 <br /> Construction 19,558,190 0 19 558190 <br /> Moveable E ui ment 1,100,000 , 0 1 100 000 <br /> Technoloqy 1.751.474 0 1751474 <br /> One-Time Start-Up 500 000 875 000 1.375 000 <br /> Contin en 5 000 0 250 000 <br /> Total A ro riation 27,960,000 1 875 000 28 835 000 <br />