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New 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 13.2 <br />of Chapter 159 of the General Statutes of North Carolina, the following capital project.is hereby adopted. <br />Section 1. The project authorized provides funds to construct a new high school in the district. <br />Proceeds from the Schools' portion of the one-half cent sales taxes, the 1997 bond <br />referendum, and a private placement loan finance this project. <br />Section 2. The officers of the County are hereby directed to-proceed with the project within the budget <br />contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br /> Through FY <br />1998-99 1999-00 <br />Appropriation Through FY <br />1999-00 <br />Sales Tax 957,$34 606,181 1,564,015 <br />Impact Fees 0 365,321 365,321 <br />PSBF 0 0 0 <br />1997 Band Funds 0 0 0 <br />Other 0 0 0 <br />Total Project Fundin 957,834 971,502 T,929,336 <br />Section 4. The following amount is appropriated for this project: <br /> 1998-99 'aiian 1999-00 <br />Pl ~ Arch/ 278 49$ 971,502 1,250,000 <br />Land/Assoc Fees 679 336 0 679 336 <br />Construction 0 0 0 <br />t/Furtri ~ 0 0 0 <br />Other 0 0 0 <br />~~ 4 Q 4 <br /> <br />Total 'on 957,834 971,502 1,929,.336 <br />Section 5. This ordinance ,supersedes all previous New High School Construction Capital Project <br />Ordinances for the Orange County Schools. <br />Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2001. <br />3 <br />Adopted this 6`" day June 2000. <br />