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~RD- ao~o- 03~ <br />~a~-~~~ <br />Value-Added Processing Center y,~ <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 to transform the former Orange <br />Enterprises Facility located on Valley Forge Road in Hillsborough into a <br />Value-Added Processing Center. Grant funds from the North Carolina <br />Agriculture Development and Farmland Preservation Trust Fund, as well <br />as the North Carolina Tobacco Trust Fund finance the project. <br />Section 2. <br />Section 3. <br />Section 4. <br />The officers of the County are hereby directed to proceed with the project <br />within the budget contained herein. <br />The following revenue is anticipated to complete this project: <br /> Through FY <br />2008-09 <br />FY 2009-10 Through FY 2009 <br />10 <br />Sales Tax $0 $0 $0 <br />2001 Bonds $0 $0 $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Fees $0 $0 $0 <br />Grant Funds $132,000 $28,819 $160,819 <br />Total Funding $132,000 $28,819 $160,819 <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/Buildin $0 $0 $0 <br />Planning/Architect/Engineering $0 $0 $0 <br />Construction $132,000 $0 $132,000 <br />Equipment $0 $28,819 $28,819 <br />Total Costs $132,000 $28,819 $160,819 <br />Section 5. This ordinance shall remain in effect -until the Board of County <br />Commissioners takes action to amend the ordinance or close the project <br />ordinance upon completion of the project. <br />20 <br />Adopted this 20th day of April 2010. <br />