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0 0 <br />BOOK 21 PAGE 4 2 1 <br />COUNTY OF LEE, NORTH CAROLINA <br />FLOYD L. KNIGHT SCHOOL ADDITION <br />CAPTIAL PROJECT BUDGET ORDINANCE <br />BE IT ORDAINED by the Lee County Board of Commissioners that the following budget for the <br />FLOYD L. KNIGHT SCHOOL ADDITION is hereby approved and adopted: <br />Section 1: The following amounts are hereby appropriated for the Floyd L. Knight School Addition <br />for the period December 1, 2006 to December 31, 2008, according to the following schedule and <br />summary. <br />Section 2: That for said project period there is hereby appropriated the following: <br />REVENUE <br />SOURCE AMOUNT <br />Certificates of Participation $ 2,225,940 <br />TOTAL PROJECT REVENUES $ 2,225,940 <br />EXPENSE <br />SOURCE <br />AMOUNT <br />Professional Services <br />$ 16,000 <br />Issuance Costs <br />47,124 <br />Architect <br />91,000 <br />General Construction <br />1,941,695 <br />Contingency <br />130.121 <br />TOTAL PROJECT EXPENSES $ 2,225,940 <br />Section 3. Funds that have been advanced, or may be advanced, from the General Fund for project <br />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, North <br />Carolina, to be kept on file for direction in collection of revenue and expenditures of amounts <br />appropriated. <br />Section 5. The adoption of this capital project ordinance is intended as a declaration of this unit's <br />official intent to reimburse project expenditures from financing proceeds. <br />ADOPTED this 22nd day of January, 2007 <br />Robert H. Brown, Chairman <br />