HomeMy WebLinkAboutORD-1994-005 Reserve for New Elementary School Chapel Hill - Carrboro City Schools Capital Project Ordinance adopted 3-1-1994 3
Reserve for New Elementary School
Chapel Hill—Carrboro City 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 establishes a reserve fund to address future elementary school
space within the Chapel Hill Carrboro City Schools System. The project will be financed
with proceeds from the Schools portion of the one half cent sales taxes.
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:
Transfer from General Fund X81,859
Section 4. The following amount is appropriated for this project:
Reserve for New Elementary School $81,859
Section 5. The project authorized has been consolidated into the"New Chapel Hill—Carrboro Elementary
School Capital Project Ordinance."
Section 6. The following amendment is anticipated to complete this project:
Transfer to New Chapel Hill—Carrboro
Elementary School Project $81,859
Reserve for New Elementary School (581,859)
Section 7. This ordinance supersedes all previous "Reserve for New Elementary School" Capital Project
Ordinances.
Section 8. This ordinance, originally adopted June 30, 1993, shall be in effect until June 30, 1994.
Section 9. The officers of the County are hereby authorized to close this project at the expiration date
contained in Section 8.
Adopted this 1st day of March, 1994.
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