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Utility Extension Development Project <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 assist with the extension of water <br /> and/or sewer lines for economic development projects, particularly in the <br /> Economic Development Districts. Proceeds from the County's share of <br /> pay-as-you-go capital funds finance this 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 $75,000 $75,000 <br /> Bond Funds $0 $0 $0 <br /> Private Placement $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Transfer from General Fund <br /> (property taxes) $205,000 $0 $205,000 <br /> Total Fundingi $280,000 $0 $280,000 <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 /> Land/Building $0 $0 $0 <br /> Design $0 $0 $0 <br /> Construction $0 $0 $0 <br /> Other $280,000 $0 $280,000 <br /> Total Costs $280,000 $0 $280,000 <br /> Section 5. The following amount has been transferred from this project to the <br /> General Fund: <br /> Through FY Through FY <br /> 2006-07 FY 2007-08 2007-08 <br /> Transfer to General Fund <br /> (2002-03) $165,000 $0 $165,000 <br /> Total Costs $165,000 $0 $165,000 <br />