HomeMy WebLinkAbout2025-49 GENERAL OBLIGATION NOND SERIES 2021 CAPITAL PROJECT ORDINANCE AMENDMENT NORTHWEST HARNETT ELEMENTARY SCHOOL PROJECTORDINANCE 2025-49
GENERAL OBLIGATION BOND SERIES 2021
CAPITAL PROJECT ORDINANCE AMENDMENT
BE IT ORDAINEP.by the Board of Commissioners of Harnett County, North Carolina, sitting as the governing board
for Harnett County.
Section 1. The original project ordinance, approved by the Harnett County Board of Commissioners on May 16,
2022, consisted of the allocation of bond principle and premium from the sale of the 2021 General
Obligation bonds. A portion of the bond principle is being utilized for the construction of the new
Northwest Harnett Elementary School Project. The remaining bond proceeds and premium from the
sale of those bonds were placed into a separate project fund to be used for future
remodel/renovation/upgrade projects on school facilities.
Section 2. The following expenditures are hereby appropriated for this project:
Current Amended
Ordinance Adjustment Ordinance
Professional Services $ 523,922 $ - 523,922
Construction TBD (03/24) - - -
Neills Creek Park (completed) 444,225 444,225
Johnsonville (JES20) (completed) 1,748,357 - 1,748,357
Weapons Detection Systems (completed) 3,976,609 - 3,976,609
Wayne Avenue Early College (06/25) 103,940 - 103,940
Construction-MISC Upgrades (completed) 589,677 - 589,677
Lillington-Shawtown Gym (06/25) 2,685,294 - 2,685,294
NW Harnett Elementary Easement (06/25) - -
Sales Tax (14,756) - (14,756)
Interfund Transfer to Capital Reserves 6,361,506 9,221 6,370,727
Total $ 16,418,774 $ 9,221 $ 16,427,995
Section 3. The following revenues are hereby appropriated for this project:
Debt Service- Premium
Debt Service - Loan Proceeds
Interfund Transfer (From NW Harnett Elem)
Interest
Tota I
Current
Amended
Ordinance
Adjustment _Ordinance
$ 6,300,403
$ - $ 6,300,403
6,594,012
- 6,594,012
3,317,047
- 3,317,047
207,312
9,221 216,533
$ 16,418,774
$ 9,221 $ 16,427,995
Section 4. ro amend project ordinance to budget final interest earnings. These funds will be transferred to Board
of Educations Capital Reserves Fund 590 for various school projects.
Section S. Copies of this, capital projectordinance shal! be furnished to the Clerk to the Board, the Budget
Director and the Finance Officer for direction in carrying out this project.
Duly adopted this 15-t�1 day of �'h' , 2025.
. ddA 0
Duncan F. Jaggers, ChairmVn CO
Harnett County Board of Commissioners
ATTEST:
Meliss C�tothe,