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ATTACHMENT 7 r y <br />Homestead Community Center Repairs <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 to connect the Homestead Community <br />Center to Orange Water and Sewer Authority sewer lines. Proceeds from the 2004 <br />two-thirds net debt reduction bonds will finance the authorized 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 />2006-07 <br />FY 2007-08 Through FY <br />2007-08 <br />Sales Tax $0 $0 $0 <br />1997 Bond Funds $0 $0 $0 <br />2004 Two-Thirds Net Debt $90,000 $0 $90,000 <br />Grant Funds $0 $0 $0 <br />Fees $0 $0 $0 <br />Transfer from Central Recreation <br />Repairs Capital Project (FY 2007 <br />08) <br /> <br />$0 <br /> <br />$60,000 <br /> <br />$60,000 <br />Total Fundin $90,000 $60,000 $150,000 <br />Section 4.The following amount is appropriated for this project: <br /> ThronghFY <br />2006-07 <br />FY2007-08 Through FY <br />2007-08. <br />Land/Binlding $0 $0 <br />Design ~ $0 $0 <br />Construction ~ $0 $0 $0 <br />ether ~ $90,000 $60,000 $150,000 <br />Total Cush $90, $60,000 $150,000 <br />Section 5. This ordinance shall remain in effect from July 1, 2000 until June 30, 2009. <br />Adopted this 24th day of June 2008. <br />