ORD-2009-076 -County Campus/Library Gateway Center Capital Project Ordinance

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v/~ ~O- aao9- o ~~ ~¢~~,oved6 ~'°9 ~h~ 33 County Campus/Library/Gateway 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 for purchase of the County Campus located in downtown Hillsborough. County facilities on this site include the Office Building, Main County Library and the top two floors at the Gateway Center. Proceeds from the County's portion of the one-half cent sales taxes and debt financing fund this 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 2007-Og FY 2008-09 gmendmer~ts FY 2009-10 Through FY 2009-10 Sees Tax and Dedicated Prope+tyTax $700,000 $0 $150, ~,~ Debt Fnancing $17,939,079 $7,060,921 $0 $25,000,000 2004 Twv Thirds Net Debt $0 $0 ~ . ~ Cxant Funds $0 $0 $0 $0 Fees ~ ~ ~ ~ Transfer from Public Arts Reserve Capital Project (FY 200~~09) $5,000 $0 $0 $5.~ Total Funding $18,644,079 $7,060,921 $150,000 $25,855,000 Section 4. The following amount is appropriated for this project: Throw FY 2007-08 FY ZOOg-Og pur~r~drrrents FY 2009.10 ~ Through FY 2009-10 Lar~&.old~ $0 $0 $0 Cksign ' $0 $0 $0 lion $18,639,07 $7,060,921 $150,000 $2,5,850,000 M/A~C ~ $0 $0 $0 Other' $5, $0 $5,000 Total Costs $18,644,079 $7,060,921 $150,000 $25,855,000 Section 5.This ordinance supersedes all previous County Campus/Library/Gateway Center Capital Project Ordinances for Orange County. Section 6. .This ordinance shall remain in efFect until June 30, 2010. Adopted this 2nd day of June 2009.