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Attachment 2-dd
<br />Lands Legacy
<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 amending previous ordinances for this project.
<br />Section 1. The project authorized provides funds for the Lands Legacy program which
<br />preserves natural areas and provides future parklands through the acquisition of
<br />land and conservation easements.
<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 Transfers Out
<br />see sec 5 Amendment FY2008/09
<br />Sales Tax $3,966,016 $3,966,016
<br />1997 Bonds 2,700,000 2,700,000
<br />2001 Bonds 5,250,000 5,250,000
<br />2/3 Net Debt Bonds 300,000 300,000
<br />Alternative Financin $2,800,000 2,800,000
<br />Grant Funds 421,950 421,950
<br />Other 2,241,611 $332,010 $1,909,601
<br />Total $14,879,577 $332,010 $2,800,000 $17,347,567
<br />Section 4. The following amount is appropriated for this project.
<br /> FY 2007/08 Transfers Out
<br />see sec 5 Amendment FY 2008/09
<br />Land $13,171,564 $332,010 $2,800,000 $15,639,554
<br />Eno River confluence Property 250,000 250,000
<br />Kirby Property 1,458,013 1,458,013
<br />Total $14,879,577 $332,010 $2,800,000 $17,347,567
<br />Section 5 The following amounts have been transferred to other County Capital Projects.
<br />Project FY 2007/08 Transfers
<br />Out Amendment FY 2008/09
<br />Easements Capital Project $143,000 $143,000
<br />New Hope Preserve 298 298
<br />Millhouse Rd Park 188,712 188,712
<br /> $332,010 $332,010
<br />Section 6 This ordinance supersedes any previous Capital Project Ordinances for this project.
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