ORD-2007-171 - Utility Extension Development Project Capital Project Ordinance

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Utility Extension Development Project 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 assist with the extension of water and /or sewer lines for economic development projects, particularly in the Economic Development Districts. Proceeds from the County's share of pay -as- you -go capital 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. 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 $75,000 $0 $0 $75,000 $0 Bond Funds $0 $0 $0 $0 $0 Private Placement $0 $0 $0 Fees $280,000 $0 $280,000 Transfer from General Fund $0 $205,000 (property taxes) $205,000 $0 $280,000 Total Funding $280,000 Section 4. The following amount is appropriated for this project: Section 5. The following amount has been transferred from this project to the General Fund: Through FY 2006 -07 FY 2007 -08 Through FY 2007 -08 Land /Building $0 $0 $0 $0 $0 Design $0 $0 $0 $0 Construction $280,000 $0 $280,000 Other Total Costs $280,000 $0 $280,000 Section 5. The following amount has been transferred from this project to the General Fund: Through FY Through FY 2006 -07 FY 2007 -08 2007 -08 Transfer to General Fund $165,000 $0 $165,000 (2002 -03) Total Costs $165,000 $0 $165,000