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oR~ ~aooq-o~~ <br />A~~~~av Pd 4 - a r ~h9h <br />46 <br />Public Art Reserve <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 is <br />hereby adopted. <br />Section 1.The project authorized provides reserve funds for Board of County Commissioner <br />approved art projec#s at newly constructed County facilities. Proceeds from the <br />County's share of pay-as-you-go capital funds finance the project. <br />Section 2.The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3.The following revenue is anticipated to complete this project: <br /> Through FY <br />2008-09 <br />FY 2009-10 Through FY <br />2009-10 <br />Sales Tax and Dedicated <br />Property Tax <br />$20,000 <br />$5,000 <br />$25,OD0 <br />Bond Funds $0 $0 $D <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $0 $0 <br />Dedicated Prope Tax ~ $0 $0 $0 <br />Total Funding $20,000 $5,000 $25,000 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2008-09 <br />FY 2009-10 Through FY <br />2009-10 <br />Land/Building $0 $0 $0 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Other $20,000 $5,000 $25,000 <br />Total Budget $20,OOD $5,000 ~ $25,000 <br />Section.5. The following amounts have been transferred to other County Capital <br />Projects: <br /> Through FY Through FY <br /> 2008-09 FY 2009-10 2009-10 <br />Transfer to Other' County Capital <br />proj~ $20,000 $0 $20,000 <br />Total Costs $20,000 $0 ~,~ <br />