ORD-2007-155 - Recreation and Parks Maintenance Capital Project Ordinance

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p d,C) - -to6 d�r_ /" 77 Recreation and Parks Maintenance 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 an annual funding source to address recreation and park capital maintenance items, such as reseeding and replacing play surfaces, as well as maintenance needs as new parks come on line. 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 and Dedicated Property Tax $25,000 $0 $25,000 Bond Funds $0 $0 $0 2004 Two-Thirds Net Debt $0 $0 $0 Grant Funds $0 $0 $0 Dedicated Property Tax $0 $0 $0 Total Funding $25,000 $0 $25,000 Section 4.The following amount is appropriated for this project: Section 5. 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 $0 $0 $0 Design $0 $0 $0 Construction $25,000 $0 $25,000 Other $0 $0 $0 Total Budget $25,000 $0 $25,000 Section 5. This ordinance shall remain in effect until June 30, 2008. Adopted this 26th day of June 2007.