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West Ten Soccer Complex <br />Capital Project Ordinance <br />to <br />Be it ordained by the Orange County Board of County of North Caeolinaatheufollowing <br />Section 13.2 of Chapter 159 of the General Statutes <br />capital project is hereby adopted. <br />Section 1. The project authorized provides fur for the development idd e School #3 six-field s to . <br />soccer complex adjacent to the Orange <br />through a collaborative effort between Orange County and Orange County <br />Schools. Proceeds from the 2001 voter approved Soccer Superfund <br />bonds, 2004 Two - thirds net debt reduction bonds, and alternative <br />financing will 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 />$0 $0 $0 <br />Sales Tax $0 $0 $0 <br />2001 Bonds $350,000 $0 $350,000 <br />2004 Two - Thirds Net Debt $ $350,000 $0 $2,267,000 <br />Alternative Financiu <br />Transfer from Soccer Superfund $1,350,000 $0 $1,350,000 <br />2001 Bonds $0 $3,967,001 <br />Total Funding $3,967,000 <br />Section 4. The following amount is appropriated for this project: <br />Through FY <br />Through FY <br />2006 -07 FY 2007 -08 <br />2007 -08 <br />$508,500 <br />$0 <br />$508,500 <br />Land Ac uisition <br />$119,000 <br />$0 <br />$119,000 <br />planning /Arch/Engineering <br />$3,339,500 <br />$0 <br />$3,339,500 <br />Construction <br />$0 <br />$0 <br />$0 <br />other <br />Total Costs <br />$3,967,000 <br />$0 <br />$3,967,000 <br />Section 5. This ordinance shall be in effect until June 30, 2009. <br />Adopted this 26th day of June 2007. <br />