ORD-2007-139a - Lake Michael Capital Project Ordinance

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OR CL- & a-- Lake Michael 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 provides funds to allow the County to collaborate with the City of Mebane to construct piers, install playground equipment and make other improvements. Proceeds from the County's share of pay - as- you -go capital funds finance the project. 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: Section 4. The following amount is appropriated for this project: Through FY 2006 -07 FY 2007 -08 Through FY 2007 -08 Sales Tax $25,000 $25,000 $50,000 2001 Bonds $0 $0 $0 2004 Two - Thirds Net Debt $0 $0 $0 Fees $0 $0 $0 Other $0 $0 $0 Total Funding $25,000 $25,000 $50,000 Section 4. The following amount is appropriated for this project: Section 7. This ordinance shall be in effect from the original date of adoption, March 24, 2003 until June 30, 2008. Adopted this 26th day of June 2007. Through FY 2006 -07 Through FY 2007 -08 Through FY 2007 -08 Land/Building $0 $0 $0 Planning /Arch itect/E ngineenng $0 $0 $0 Construction $0 $0 $0 Contribution to City of Mebane $25,000 $25,000 $50,000 Total Costs $25,000 $25,000 $50,000 Section 7. This ordinance shall be in effect from the original date of adoption, March 24, 2003 until June 30, 2008. Adopted this 26th day of June 2007.