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COUNTY OF LEE, NORTH CAROLINA <br />ELEMENTARY SCHOOL FACILITY <br />CAPTIAL PROJECT BUDGET ORDINANCE <br />BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for the <br />ELEMENTARY SCHOOL FACILITY is hereby approved and adopted: <br />Section 1: The following amounts are hereby appropriated for an Elementary School Facility <br />for the period June 6, 2016 to December 31, 2019, according to the following schedule and <br />summary. <br />'S <br />Section 2: That for said project period there is hereby appropriated the following: <br />REVENUE <br />SOURCE AMOUNT <br />3g�3a <br />4835 - Debt Proceeds $ 27,750,000 <br />TOTAL PROJECT REVENUES <br />EXPENSE <br />SOURCE <br />� 1 ` Issuance Costs yVIJS <br />Architect & Engineering 44LP140 <br />Land Acquisition yURO <br />Site Prep 4k01 til <br />General Construction 4(PSW <br />Furnishings 4V4i�6 <br />a <br />Contingency <br />TOTAL PROJECT EXPENSES <br />$ 27,750,000 <br />AMOUNT <br />$ 500,000 <br />1,545,595 <br />2,567,240 <br />775,000 <br />19,170, 899 <br />2,221,432 <br />969.834 <br />$ 27,750,000 <br />Section 3. Funds that have been advanced, or may be advanced, from the General Fund for <br />project cost are intended to be reimbursed from the financing proceeds. <br />Section 4. Copies of this budget shall be furnished to the Finance Officer of Lee County, <br />North Carolina, to be kept on file for direction in collection of revenue and expenditures of <br />amounts appropriated. <br />Section 5. The adoption of this capital project ordinance is intended as a declaration of this <br />unit's official intent to reimburse project expenditures from financing proceeds. <br />ADOPTED this 6th day of June, 2016. <br />Amy M. Dalrymple, Chair <br />Attest: <br />LJI� <br />Danielle Mahoney, DepLo Clerk <br />