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<br />22 <br />Debt Issuance Costs and Transfers <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 <br />ordinance is hereby adopted. <br />Section 1. The project authorized provides funds from interest earnings to pay debt issuance <br />and other debt related costs and for transfers to the General Fund for debt service. <br />Section 2. The officers of the County are hereby directed to proceed with the project within the <br />total .budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project. <br /> FY 2007/08 Amendment FY2008109 <br />Interest on Investments ;1 000 ;2 499 000 ;2 500 000 <br />Total ;1,000 ;2,499,000 ;2 500 000 <br />Section 4. The following amount is appropriated for this project. <br /> FY 2007108 Amendment FY2008/09 <br />Transfer to Gen Fund ;2,200,000 ;2,200 000 <br />Debt Related Costs 300 000 300 000 <br />Total 0 ;2,500,000 ;2,500 000 <br />Section 5. This ordinance supersedes any previous Capital Project Ordinances for this project. <br />Section 6. This ordinance shall remain in effect the Board of County Commissioners takes <br />action to amend the ordinance or close the project ordinance upon completion of <br />the project. <br />Adopted this 19~' day of May 2009. <br />