ORD-2010-020 County Campus/brary/Gateway Center Capital Project Ordinance

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~7I~p- aoafl- oao County Campus/Library/Gateway Center Capital Project Ordinance j~~,~ s-o v e d ~-- ~G -~vYi~ yh 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: 'IIY+a~ FY 2007-06 iY 20009 Arr~endrrer~s iY 2009-10 11Y000,th lY 2009-10 SalesT~caxiDsdcabedRnpatyT~c $700,000 $0 $150,000 $050,000 Cebt Frr~aridrg $17,938,079 $7,080,921 ~0 X5,000,000 2004 Two ~f lairds N~ Debt $0 $0 $0 $0 Cart Fuxls _ ~0 ~D $o $0 Fees ~0 $0 $0 $0 Transfer from i~.lafic Aril F~ ~J~ ~~~ $6,000 ~0 $0 $6,000 Dma(ions $0 ~0 $19,000 '$19,000. Total ftrd $1$644,079 $T,O6Q,921 $169,000 $Z5~8T4,000 Section 4. The following amount is appropriated for this project: TFrac,~ FY ~~OT-06 FY~OB~09 Amendrr~fs FY~09.10 'ihoi~~ FY X10 Land'~,ildng sign ~xlion~F'irrisiin~ $18~63Q $7,09a~'I $1~ ~,~ M/pC Ctha- ~ ~ Tdal $1$644, $7,06892'1 $181 $Z$874~ Section 5.This ordinance supersedes all previous County CampuslLibrary/Gateway Center Capital Project Ordinances for Orange County. Section 6. This ordinance shall remain in effect until June 30, 2010. Adopted this 16th day of February 2010.