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dip-avoq - x.41 <br />Eurosport Soccer Center <br />(Formerly West Ten Soccer Complex) <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to <br />Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following <br />capital project is hereby adopted. <br />Section 1. The project authorized provides funds for the development of a six-field <br />soccer comp{ex adjacent to the Orange County Middle School #3 site <br />through a collaborative effort between Orange County and Orange County <br />Schools. Proceeds from the 2001 voter approved Soccer SuperFund <br />bonds, 2004 Two-thirds net debt reduction bonds, grant funds and <br />alternative financing will finance this project. <br />Section 2. The officers of the County are hereby directed to proceed with the project <br />within the budget contained herein. <br />Section 3. <br />Section 4. <br />Section 5. <br />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 $0 $0 $0 <br />2001 Bonds $1,350,000 $0 $1,350,000 <br />2004 Two-Thirds Net Debt $350,000 $0 $350,000 <br />Grant Funds $33,128 ~ $0 $33,128 <br />Alternative Financin $2,267,000 $0 $2,267,000 <br />Transfer from Soccer Superfund <br />2001 Bonds <br />$0 <br />$0 <br />$0 <br />Sponsorships $0 $12,000 $12,000 <br />Total Fundin $4,000,128 $12,000 $4,012,128 <br /> <br />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 Ac uisition $508,500 $0 $508,500 <br />Planning/Arch/Engineering $119,000 $0 $119,000 <br />Construction $3,372,628 $12,000 $3,384,628 <br />Other $0 $0 $0 <br />Total Costs $4,000,128 $12,000 $4,012,128 <br />This ordinance shall be in effect until June 30, 2010. <br />0 <br />Adopted this 15th day of September 2009. <br />