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aR~y~~s aao~g~
<br />ATTACHMENT 6
<br />Carrboro High School (Formerly High School #3)
<br />Chapel Hill-Carrboro City Schools
<br />Capital Project Ordinance
<br />~~
<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 for the Chapel Hill-Carrboro City Schools to
<br />acquire property for, and to design, construct, and equip a new high school facility
<br />to be located on Rock Haven Road, in the vicinity of the intersection of Smith Level
<br />Road and Culbreth Road. Anticipated revenues for the project consist of 2001 voter
<br />approved bond funds, school construction impact fees, pay-as-you-go funding,
<br />sales tax reimbursements, and alternative financing through a private placement
<br />loan or similar debt instruments.
<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 /> 2006-07 FY 2007-08 2007-08
<br />~~ Tax $4,342,000 $1,447,344 $5,789,344
<br />School Construction
<br />Impact Fees
<br />$9,300,000
<br />$0
<br />$9,~,~
<br />Alternative Financing $9,000,000 $0 $9,~,~
<br />2001 Bonds $12,800,000 $0 $12,800,000
<br />Sales Tax
<br />Reimbursements
<br />$450,000
<br />$400,000
<br />$850,000
<br />Total F~wding $35,892,000 $1,847,344 $37,739,344
<br />Section 4.The following amount is appropriated for this project:
<br /> 'Through FY
<br />20(IG-07
<br />FY 2007-05 'Throes ~''~
<br />2007-08
<br />Constnx~ian $27,147,803 $1,447,344 $28,595,147
<br />Site ' itian $3,531,697 $0 $3,531,697
<br />Site Iaevel $0 ~ ~
<br />Foes $2,162,500 $0 $2,162,500
<br /> $800,000 $0 $800,000
<br />Teckmol $1,000,000 1,000,000
<br />C,onstn~ctian $750,000 $0 $750,000
<br />One-Tune Start Costs $500,000 $400,000 $900,000
<br />Total $35,592,000 $1,847,344 $37,739,344
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