ORD-2007-146 - New Hope Preserve Capital Project Ordinance

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®R,p-a6al -14� New Hope Preserve 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 will provide for the protection of land within the New Hope Creek corridor, and the concept of a New Hope Creek trail connecting Orange and Durham Counties. Proceeds from the Lands Legacy portion of the 2001 voter approved Parks and Open Space bonds, and funds from the State of North Carolina finance this project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. Section 4. The following revenue is anticipated to complete this project: The following amount is appropriated for this project: Through FY 2006 -07 FY 2007 -08 Through FY 2007 08 Sales Tax $0 $0 $0 Bond Funds $0 $0 $0 Private Placement $0 $0 $0 Grant Funds $139,000 $0 $139,000 From Lands. Legacy Capital Project (2001 Bonds) $143,965 $0 $143,965 Total Funding $282,965 $0 $282,965 The following amount is appropriated for this project: Section 5. This ordinance supersedes all previous New Hope Preserve Capital Project Ordinances for Orange County. Section 6. This ordinance shall remain in effect until June 30, 2008. Adopted this 26th day of June 2007. Through FY 2006 -07 FY 2007 -08 Through FY 2007 -08 Land/Building $273,965 $0 $273,965 Design $0 $0 $0 Construction $0 $0 $0 ,Planning/Arch/Eng $9,0001 $0 $9,000 Total Costs $282,9651 $0 $282,965 Section 5. This ordinance supersedes all previous New Hope Preserve Capital Project Ordinances for Orange County. Section 6. This ordinance shall remain in effect until June 30, 2008. Adopted this 26th day of June 2007.