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est Ten Soccer Complex <br /> Capital Project Ordinance <br /> Be it ordaZedby Oran County Board of Co Commis 'oners that pursuant to <br /> Sectio�3.2 of Chapter 1 9 of the Gene tatutes of No Carolina, the following <br /> capit t project is hereby a opted. <br /> bction 1. The pro' authorized provides funds �f the development of a six-field <br /> S e c plex adjacent to the Ora��r9e County Middle School #3 site <br /> I <br /> collaborative effort betweer(Orange o hty and Orange County <br /> Schools Proceeds from the 1 vote appr, ved Soccer Superfund <br /> bonds, 2004 Two-thirds net ebt r uction bonds, and alternative <br /> financi g will finance this proj t. <br /> Section 2. The fficers of the Count are h eby direct d to proceed with the project <br /> withi the budget contai ed he in. <br /> Section 3. The ollowing reven is a icipated to co plete this project: <br /> Through Y rou h FY <br /> 2006- FY 2007-08 200)7-08 <br /> Sal s Tax $0 Ao $0 <br /> 20 AI Bonds $0 $o $0 <br /> 2104 Two-Thirds No ebt V350,000 $0 $350,000 <br /> lternativ0 Financi $ ,267,000 $0 $2,267,000 <br /> ansfer from Ho estead <br /> quati s Center roject(2004- <br /> 0 ) 1$500,000 0 A00,000 <br /> T '' r fro Soccer Superfund <br /> 20 1 Bond $1,350,00 $0 350,000 <br /> Total Fund!! $d,467,460 $0 $4,467,000 <br /> Section 4. The following amount is approp 'ated or this projeo. <br /> Th ugh FY Through FY <br /> 2006-07 FY 007 08 2007-08 <br /> Land Acquisition $508,500 $0 $508,500 <br /> Planning/Arch/Engineering $119,000 $0 $119,000 <br /> Construction $3,839,500 $0 $3,839,500 <br /> Other $0 $0 $0 <br /> Total Costs $4,467,000 $0 $4,467,000 <br /> Section 5. This ordinance shall be in effect until June 30, 2009. <br /> Adopted this 26th day of June 2007. <br />