Orange County NC Website
Browse       Search
~~2p- a®~fl- oa© <br />County CampuslLibrary/Gateway Center 10 <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 funds for purchase of the County Campus <br />.located in downtown Hillsborough. County facilities on this site include the Office <br />Building, Main County Library and the top two floors at the Gateway Center. <br />Proceeds from the County's portion of the one-half cent sales taxes and debt <br />financing fund this project. <br />Section 2. The officers of the County are hereby directed to proceed with-the project within <br />the budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br /> through FY <br />2007-06 FY Z00~09 <br />rents <br />FY?D0~10 TYrnt,~ FY <br />X10 <br />Sales Tic axi Dadic~cl PI-operly Tic $700,000 $0 $150,000 $950,000 <br />Debt Fir~ar~dng $17,909,079 $7,060,921 $0 $ZS,000,000 <br />2004 Tv~o Thirds i~ Debt ~0 ~0 $0 $0 <br />C3'ant Fuxin . ~0 $0 $n $0 <br />Fees ~0 ~0 $0 $0 <br />Trar~sFer from R.l~lic Arts <br />~J~ ~ <br />x,000 <br />$0 <br />$0 <br />$6,000 <br />Dor~ticr~s $0 $0 $19,000 $19,000 <br />Tdal Fund $1>3~644,079 .$7,068921 $169,000 $25874,000 <br />Section 4. The following amount is appropriated for this project: <br /> Thto~~ Fl( <br />~OT-06 FY~09 <br />~drrEris <br />FY~09.10 llra.~i FY <br />2010 <br />L.and~.ikirg <br />l~sigi <br />Ca~Fur~isFing; $1639, $7,060,921 $16~ $25,868, <br />M/PC <br />Ctha' $~ ~, <br />Tdal $18y644, $7,068911 $'i~ ~874~ <br />Section 5.This ordinance supersedes all previous County Campus/Library/Gateway Center <br />Capital Project Ordinances for Orange County. <br />Section 6. This ordinance shall remain in effect until June 30, 2010. <br />Adopted this 16th day of February 2010. <br />