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A-IkL - 12 <br /> County Campus and Library <br /> Capital Project Ordinance <br /> Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br /> 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br /> hereby adopted. <br /> Section 1. The project authorized provides funds for construction and moving expenses . <br /> related to the new Office Building and Library facility in Hillsborough. Proceeds <br /> from the County's portion of the one-half cent sales taxes and alternative <br /> financing proceeds finance this project. <br /> Section 2. The officers of the County are hereby directed to proceed with the project within <br /> the budget contained herein. <br /> Section 3. The following revenue is anticipated to complete this project: <br /> Throw FY Through FY 2008 <br /> 2007-08 FY 2008-09 09 <br /> Sales Tax and Docketed R-operty Tax $0 $700,000 $700,000 <br /> Alternative Financing $17,939,079 $0 $17,939,079 <br /> 2004 Two Thirds Net Debt $0 $0 $0 <br /> Cunt Funds $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Transfer from Public Arts Reserve <br /> Capital Project(FY 2008-09) $0 $5,000 $5,000 <br /> Total Fuming $17,939,079 $705,000 $18,644,079 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY 2007. Through FY <br /> 08 FY 200809 200809 <br /> Lard/Building $0 $0 $0 <br /> Design $0 $0 $0 <br /> Constriction $17,939,079 $700,000 $18,639,079 <br /> I-M•C $0 $0 $0 <br /> Other $0 $5,000 $5,000 <br /> Total Costs $17,939,079 $705,000 $18,644,079 <br /> Section 5. This ordinance shall remain in effect until June 30, 2009. <br /> Modified this 3rd day of February 2009. <br />