Agenda - 03-17-2009 - 4l - Laserfiche WebLink

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0 Central/Northern Orange Senior Center Capital Project Ordinance Be it ordained by the Orange County Board of County Commissioners that pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is hereby adopted. Section 1. The project authorized provides funds to renovate the existing SportsPlex facility to accommodate a fifteen thousand square feet Central/Northern Orange Senior Center addition. The planned center will replace the Central Orange Senior Center currently located in leased space at the Meadowlands in Hillsborough. Proceeds from the 2001 voter approved bonds, a contribution from Carol Woods Retirement Community, and private placement loans from the General Fund and the SportsPlex Enterprise Fund finance the project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Through FY Through FY 2007-08 FY 2008-09 2008-09 Sales Tax $0 $0 $0 2001 Bonds $2,000,000 $0 $2,000,000 Alternative Financing $4,000,000 $0 $4,000,000 Fees $0 $0 $0 Carol Woods Contribution $125,000 $0 $125,000 Transfer from Facilities Arts Reserve Capital Project(FY 2008-09) $0 $5,000 $5,000 Total Funding $6,125,000 $5,000 $6,130,000 Section 4. The following amount is appropriated for this project: Through FY Through FY 2008 2007-08 FY 2008-09 09 Land Acquisition $0 $0 $0 Planning/Architect/Engineering $100,000 $0 $100,000 Construction $6,025,000 $0 $6,025,000 Other $0 $5,000 $5,000 Total Costs $6,125,000 $5,000 $6,130,000 Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2009. Adopted this 17th day of March 2009.