Agenda - 08-20-2002 - 8f - Laserfiche WebLink

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6 Attachment 3. Technology Application Project Orange County Schools Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section '1.The project authorized provides funds to retrofit facilities for new technology systems. Proceeds from the 1992 bond referendum, the 1997 bond referendum, transfers from completed capital projects within the District, and the Schools' portion of the County's one-half cent sales tax finance this project. 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: Through FY Through FY 2001-02 FY 2002-03 2002-03 Sales Tax $3,325,000 $0 $3,325,000 Impact Fees Vo $0 $0 PSBF $0 0 $0 1992 Bond Funds $2,000,000 $0 $2,000,000 1997 Bond Funds $1 290,200 $0 $1 290 200 Transfer From Cedar Ridge High Sc 625 000 $625 000 $1 250 000 Total Project Funding $7,240,200 1 $625,0001 $7,865,200 Section 4.The following amount is appropriated for this project: Through FY Tffrough FY 2001-02 FY 2002-03 2002-03 Plannin Arch/En in $700,000 $0 $700 000 Land/Assoc Fees $0 $0 $0 Construction $1 625 000 $0 $1,625,000 E ui ment/Fumishin $4,915,200 -$625,000 $5,540,200 Other $0 0 $0 Contin en $0 $0 $0 TdtalApp ro riation 7,240,200 625,000 1 Spi,8455,20d Section 5.The following amount is transferred from this project to the Cedar Ridge High School Construction Project: Through roug 2001-02 Appropriation 2002-03 Transfer to Cedar Ridge High School Construction Capital Pro'ect 0 225,000 225 000 Total Transfer, 0 224,000 225,000