Agenda - 01-20-2000 - 9e - Laserfiche WebLink

Browse Search

Affordable Housing Program Capital Project Ordinance 20 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 to fund housing activities in the following categories: land acquisition; housing development; and homeownership. The project is financed by proceeds from the 1997 voter approved bond referendum. 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: Section 4. The following amount is appropriated for this project: Through FY 1998 -99 FY 1999 -00 Through FY 1999 -00 Sales Tax $0 $0 $0 Bond Funds $0 $550,000 $550,000 Private Placement $0 $0 $0 Fees $o $0 $0 Other $o $0 $0 Total Funding $0 $550,000 $550,000 Section 4. The following amount is appropriated for this project: Section 5. This ordinance shall remain in effect until June 30, 2000. Adopted this eighteenth day of January, 2000. Through FY 1998 -99 FY 1999 -00 Through FY 1999 -00 Land EmPOWERment $0 $90,000 $90,000 Habitat for Humanity $0 $460,000 $460,000 Total Land $0 $550,000 $550,000 Design $0 $0 $0 Construction $0 $0 $0 Other $0 $0 $0 Total Costs $0 $550,000 $550,000 Section 5. This ordinance shall remain in effect until June 30, 2000. Adopted this eighteenth day of January, 2000.