ORD-2007-072 - Fiscal Year 2007-2008 Budget - Capital Project and Grant Project Ordinances

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Orange High School Tennis Court Resurfacing 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 resurface tennis courts on the grounds of Orange High School. In accordance with a long-standing contract between Orange County and Orange County Schools, the two entities share equally in the cost of court repair. Funding in this project reflects the County's anticipated share of repair cost. Orange County Schools Board of Education anticipates repair work to begin in fiscal year 2007-08. Therefore, the County's funds provided in this project will carry forward until such time as the Board of Education moves forward with the repairs. Proceeds from the County's share of pay-as-you-go capital funds finance 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: Through FY Through FY 2006-07 FY 2007-08 2007-08 Sales Tax $65,000 $100,000 $165,000 Bond Funds $0 $0 $0 2004 Two-Thirds Net Debt $0 $0 $0 Other $0 $0 $0 Total Fundingl $65,000 1 $100,000 $165,000 Section 4. The following amount is appropriated for this project: Through FY Through FY 2006-07 FY 2007-08 2007-08 Land/Building $0 $0 $0 Design $0 $0 $0 Construction $0 $0 $0 Other- Contribution to OCS $65,000 $100,000 $165,000 Total Costsl $65,000 1 $100,0001 $165,000 Section 5. The following amounts have been transferred to other County Capital Projects: Through FY Through FY 2006-07 FY 2007-08 2007-08 Transfer to CNG Fueling Station Capital Project $15,000 $0 $15,000 Total Transfers $15,000 $0 $15,000