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14 <br />Scroggs Elementary School Construction <br />Chapel Hill-Carrboro City Schools <br />Capital Project Ordinance <br />Project Number 64-880-7716 <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of <br />Chapter 159 of the General Statutes of North Caazolina, the following capital project is hereby adopted. <br />Section 1. The project authorized provides funds to build Scroggs Elementary School. Proceeds <br />from a private placement loan obtained by Orange County and from Impact Fees <br />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 />1998-99 <br />FY 1999-00 Through FY <br />1999-00 <br />Sales Tax $0 $0 $0 <br />Im act Fees $100,000 $0 $100,000 <br />PSBF $0 $0 $0 <br />1992 Bond Funds ~ $0 $0 $0 <br />1997 Bond Funds $0 $0 $0 <br />Private Placement Financin ~ 14.000.000 ~Q ~ 14.000.000 <br />Total Pro'ect Fundin $14,100 000 $0 $14,100,000 <br />Sectiom 4. The following amount is appropriated for this project: <br /> Through FY <br />1998-99 <br />FY 1999-00 Through FY <br />1999-00 <br />Plannin /Arch/En in $950 000 $0 $950 000 <br />Land/Assoc Fees $0 $0 $0 <br />Construction $10,767 504 $0 $10 767 800 <br />E ui ment/Furnishin s $850,000 $0 $850 000 <br />Other-Technolo $832,500 $0 $832,500 <br />Coatin enc $700 000 $Q $700,000 <br />Total $14 100 000 $0 814 100,000 <br />