ORD-2010-044 Value Added Processing Center Capital Project Ordinance

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~~~-aol~- c~4~ s Value-Added Processing Center Capital Project Ordinance 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 transform the former Orange Enterprises Facility located on Valley Forge Road in Hillsborough into a Value-Added Processing Center. Grant funds from the North Carolina Agriculture Development and Farmland Preservation Trust Fund, the Golden Leaf Foundation, as well as the North Carolina Tobacco Trust Fund finance the 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: Through FY 2008-09 FY 2009-10 (4(20/10) FY 2009-10 (5118/10) Through FY 2009-10 Sales Tax $0 $0 $0 $0 2001 Bonds $0 $0 $0 $0 2004 Two-Thirds Net Debt $0 $0 $0 $0 Fees $0 $0 $0 $0 Grant Funds $132,000 $28,819 $729,000 $889,819 Total Funding $132,000 $28,819 $729,000 $889,819 Section 4. The following amount is appropriated for this project: Through FY 2008-09 FY 2009-10 (4/20!10) FY 2009-10 (5/18/10) Through FY 2009-10 LandJBuilding $0 $0 $0 $0 Plan ningiArchitectlEn gineering $0 $0 $0 $0 Construction $132,000 $0 $506,170 $638,170 Equipment $0 $28,819 $207,830 $236,649 Other $0 $0 $15,000 $15,000 Total Costs $132,000 $28,819 $729,000 $889,819 Section 5. This ordinance shall remain in effect until the Board of County Commissioners takes action to amend the ordinance or close the project ordinance upon completion of the project. Adopted this 18th day of May 2010.