ORD-2007-148 - Northern Park Development Capital Project Ordinance

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Q `QJE)- .2 Northern Park Development 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 for the planning, design, and construction of the Northern Human Services Center Park. Proceeds from the 2001 Bond Funds 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 2001 Bond Funds $700,000 $0 $700,000 2004 Two - thirds Net Debt $0 $0 $0 Grant Funds $500,000 $0 $500,000 Transfer from Homestead Aquatics Center Project $500,000 $0 $500,000 Subdivision Payment -in -Lieu $148,000 $01 $148,000 Total Fundingi $1,848,000 $0 1 $1,848,000 The following amount is appropriated for this project: Section 5. This ordinance supersedes all previous Northern Park Development Capital Project Ordinances for Orange County. Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2008. Adopted this 26th day of June 2007. Through FY 2006 07 FY 2007 -08 Through FY 2007 -08 Land/Building. $0 $0 $0 Design $35,000 $0 $35,000 Construction $1,813,000 $0 $1,813,000 Other $0 $0 $0 Total Costs $1,848,000 $0 $1,848,000 Section 5. This ordinance supersedes all previous Northern Park Development Capital Project Ordinances for Orange County. Section 6. This ordinance shall remain in effect from July 1, 1998 until June 30, 2008. Adopted this 26th day of June 2007.