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BOOK 16 Dtsr 63311 0012 <br />COUNTY Ol~ LEE, NORTH CAROLINA <br />SCHOOL BOND CONSTRUCTION PROJECT <br />CAPITAL PROJECT BUDGET ORDINANCE <br />BE IT ORDAINED by the Lee County Board of Commissioners in its regular session assemble, <br />approve the adoption of the following budget for the SCHOOL BOND CONSTRUCTION <br />PROJECT. <br />Section 1. The following amounts are hereby appropriated for the Land Acquisition, Design, <br />and Construction of new schools and the design and renovations of existing schools during the <br />period of August 1, 1996 to June 30, 1999. <br />Section 2. That for said project period there is hereby appropriated the following: <br />REVENUE <br />SOURCE AMOUNT <br />Bond Anticipation Note Proceeds 1,585.000 <br />TOTAL PROJECT REVENUES 1,585,000 <br />EXPENSE <br />SOURCE AMOUNT <br />Bond Sale Cost <br />50.000 <br />Survey and SoilTesting <br />35,000 <br />Land Acquisition <br />600.000 <br />Architectural Fees <br />650,000 <br />Broadway Renovations <br />250,000 <br />TOTAL PROTECT EXPENSES 1,585,000 <br />Section 3. 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 />ADOPTED this rl'K day of DI bLC 1996. <br />4 A <br />HTJBERT GARNER, CHAIRMAN <br />Attc a: <br />ay ell M. to the Board <br />