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Recreation and Parks Facilities — Twin Creeks Park <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 construct a district park located <br /> on County-owned property near the intersection of Old Highway 86 and <br /> Eubanks Road in Chapel Hill. Plans include renovations to the house and <br /> barn located on the property, installation of water and sewer infrastructure <br /> and construction of playing fields, nature trails and a picnic area <br /> surrounding an existing pond. Proceeds from the 2001 voter approved <br /> bond finance the project. <br /> Section 2. The officers of the County are hereby directed to proceed with the project <br /> within 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 $0 $0 $0 <br /> 2001 Bonds $1,200,000 $0 $1,200,000 <br /> Private Placement $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Transfer from Soccer <br /> Superfmrd 2001 <br /> Bonds $650,000 $0 $650,000 <br /> Total Fandind $1,850,000 $0 $1,850,000 <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 /> LandBuilding $0 $0 $0 <br /> Planning/Architectf& <br /> gineering $55,000 $0 $55,000 <br /> Construction $1,785,000 $0 $1,785,000 <br /> Other $10,000 $0 $10,000 <br /> Total Costs $1,850,000 $0 $1,850,000 <br /> Section 5. This ordinance shall be in effect from the original date of adoption, March <br /> 24, 2003, until June 30, 2008. <br /> Adopted this 26th day of June 2007. <br />