ORD-2009-046-Twin Creeks Capital Project Ordinance

Browse Search

~~~C~~~/~~.~ - ~~ Off. Attachment 2x Twin Creeks Park 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 ordinance is hereby adopted. Section 1. The project authorized provides funds for the development of Twin Creeks Park. This amendment appropriates $1,000,000 of the Altemative Financing which has been issued in place of the remaining un-issued 2001 Bond Funds. Transfer from other projects which was to be a transfer of $650,000 of 2001 bond funds from the Soccer Super Fund is included in the amount replaced by Altemative Financing. Section 2. The officers of the County are hereby directed to proceed with the project within the total budget contained herein. Section 3. The following revenue is anticipated to complete this project. FY 2007/08 Amendment FY2008/09 2001 Bonds $1 200 000 $350,000 $850,000 Transfer from other ro' 650,000 650,000 Alternative Financin $1,000 000 1,000,000 Total $1,850,000 $1,850 000 Section 4. The following amount is appropriated for this project. FY 2007/08 Amendment FY2008/09 Land and Associated Fees $50 814 $50 814 Site Development 45,000 45,000 Construction 1,754,186 1,754,186 Total $1,850,000 $1,850,000 Section 5. This ordinance supersedes any previous Capital Project Ordinances for this project. Section 6. This ordinance shall remain in effect the Board of County Commissioners takes action to amend the ordinance or close the project ordinance upon completion of the project. Adopted this 16~' day of June 2009.