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

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Seymour Senior 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 plan and construct a new twenty- five thousand square foot Senior Center located at the Southern Human Service Center site on Homestead Road in Chapel Hill. The new facility will replace the current Chapel Hill Senior Center located in leased space in the Galleria on Elliott Road in Chapel Hill. Proceeds from the 2001 voter approved bond referendum and a private placement loan 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 Through FY 2007 2006-07 FY 2007-08 08 Sales Tax $0 $41,000 $41,000 2001 Bonds $2,000,000 $0 $2,000,000 Private Placement $4,150,000 $0 $4,150,000 Fees $0 $0 $0 From Closed Out Capital Projects $62,000 $0 $62,000 Total Funding 1 $6,212,0001 $41,0001 $6,253,000 Section 4. The following amount is appropriated for this project: Through FY Through FY 2007 2006-07 FY 2007-08 08 Land Acquisition $0 $0 $0 Planning/Architect/En gineering $325,000 $0 $325,000 Construction $5,825,000 $0 $5,825,000 Furnishings $62,000 $41,000 $103,000 Total Costs $6,212,000 $41,000 $6,253,000 Section 5. This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2008. Adopted this 26th day of June 2007.