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River Park Development <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 for the development of the open area <br /> between the Eno River and the County government campus. Proceeds from <br /> sales and property taxes finance this project. <br /> Section 2. The officers of the County are hereby directed to proceed with the project within <br /> the budget contained herein. <br /> Section 3. The following revenue is anticipated to complete this project: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> Sales Tax $50,000 $0 $50,000 <br /> Bond Funds $0 $0 $0 <br /> 2004 Two-Thirds Net Debt $0 $0 $0 <br /> Grant Funds $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Total Funding $50,000 $0 I $50,000 <br /> I <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> Land/Building $0 $0 $0 <br /> Design $0 $0 $0 <br /> Constriction $50,000 $0 $50,000 <br /> Qther $0 $0 $0 <br /> Total Costsi $50,000 $0 $50,000 <br /> Section 5. This ordinance shall remain in effect from until June 30, 2008. <br /> Adopted this 26th day of June 2007. <br />