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

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Efland Sewer Extension Development Project 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 includes engineering and construction costs for expansion of the Efland Sewer. The project will be completed in two phases — (1) Buckhorn Area/Gravelly Hill Middle School and (2) North Buckhorn/Central Efland. The project is financed with proceeds from the County's 1997 voter approved general obligation bonds, a portion of the County's share of the one-half cent sales tax, federal grants, transfers from other County projects and the General Fund and alternative financing. 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 2006-07 FY 2007-08 2007-08 Phase I-Buckhorn/Gravelly Hill Middle School Private Placement Loan/Certificates of Participation $1,294,000 $0 $1,294,000 Transfers From: $0 General Fund $391,000 $0 $391,000 Carrboro Library Capital Project $50,000 $0 $50,000 Flooring Replacements Capital Project $100,000 $0 $100,000 HVAC Repairs/Replacements Captial Projects $115,000 $0 $115,000 Painting Exterior and Interior Surfaces Capital Projects $100,000 $0 $100,000 Roofing Repairs/Replacements Capital Project $100,000 $0 $100,000 Waterproofing Capital Project $150,000 $0 $150,000 Total Phase I Fundingi $2,300,000 $0 $2,300,000 . Phase II-North Buckhorn/Central Efland Sales Tax $50,000 $0 $50,000 1997 Bonds $1,200,000 $0 $1,200,000 Grant Funds $1,355,000 $0 $1,355,000 Total Phase II Funding $2,605,000 $0 $2,605,000 Total Phase I and Phase H $4,905,000 $0 $4,905,000 f