Agenda 04-20-1999 - 8c - Laserfiche WebLink

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Efland Cheeks Community School Park Project Capital Project Ordinance ' Project Number 61-660 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 is the design and development of a community school park within the Efland-Cheeks township. This project will be financed with proceeds from the County's portion of the one half cent sales taxes, subdivision payment-in-lieu funds, proceeds from the 1997 bond referendum, and an appropriation from the County Capital Fund Balance. 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: Throu FY 1997-98 FY 1998-99 Throu FY 1998-99 Sales Tax $28,250 $0 $28,250 Bond Funds $62,520 $706,920 $769,440 Private Placement $0 $0 $0 Fees $0 $0 $0 Other $11,000 $50,000 $61,000 Total Fundin $101, 770 $756, 920 $858, 690 Section 4. The following amount is appropriated for this project: T6rou FY 1997-98 FY 1998-99 Throu FY 1998-99 Land/Buildin $5,000 $0 $5,000 Desi $80,670 $59,720 $140,390 Construction $16,100 $697,200 $713,300 Other $0 $0 $0 Total Costs $101, 770 $756, 9Z0 $858, 690 Section 5. This ordinance supersedes all previous Efland-Cheeks Community School Park Capital Project Ordinances. Section 6. This ordinances, originally adopted June 25, 1991 and subsequently amended, shall be in effect until June 30, 1999. Adopted this 20~ day of Apri11999.