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ORID- aoto- 050 416 A3 <br />5 <br />Piedmont Food and Agricultural Processing Center <br />Capital Project Ordinance <br />Be it ordained by the Orange County Board of County Commissioners that pursuant to <br />Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following <br />capital project is hereby adopted. <br />Section 1. The project authorized provides funds to transform the former Orange <br />Enterprises Facility located on Valley Forge Road in Hillsborough into a <br />Value -Added Processing Center. Grant funds from the North Carolina <br />Agriculture Development and Farmland Preservation Trust Fund, the <br />Golden Leaf Foundation, U.S. Housing and Urban and Development, as <br />well as the North Carolina Tobacco Trust Fund finance the project. <br />Section 2. The officers of the County are hereby directed to proceed with the project <br />within the budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br />Section 4. The following amount is appropriated for this project: <br />Through FY <br />2008 -09 <br />FY 2009 -10 <br />(4120/10) <br />FY 2009 -10 <br />(5/18/10) <br />FY 2009 -10 <br />(6115110) <br />Through FY <br />2009 -10 <br />Sales Tax <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />2001 Bonds <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />2004 Two-Thirds Net Debt <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />Fees 1 <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />Grant Funds 1 <br />$132,0001 <br />$28,819 <br />-$729,000 1 <br />$237,500 <br />$1,127,319 <br />Total Fundingl <br />$132,0001 <br />$28,8191 <br />$729,DWI <br />$237,5001 <br />$1,127,319 <br />Section 4. The following amount is appropriated for this project: <br />Section 5. This ordinance shall remain in effect until the Board of County <br />Commissioners takes action to amend the ordinance or close the project <br />ordinance upon completion of the project. <br />Adopted this 15th day of June 2010. <br />Through FY <br />2008 -09 <br />FY 2009 -10 <br />(4120/10) <br />FY 2009 -10 <br />(5/18/10) <br />FY 2009 -10 <br />(6/15/10) <br />Through FY <br />2009 -10 <br />Land/Building <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />Planning/Architect/En <br />gineering <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />Construction <br />1 $132,000 <br />1 $0 <br />$506,1701 <br />$237,5001 <br />$875,670 <br />Equipment <br />$0 <br />$28,819 <br />$207,830 <br />$0 <br />$236,649 <br />Other <br />$0 <br />$0 <br />$15,000 <br />$0 <br />$15,000 <br />Total Costs <br />$132,000 <br />$28,819 <br />$729,000 <br />$237,500 <br />$1,127,319 <br />Section 5. This ordinance shall remain in effect until the Board of County <br />Commissioners takes action to amend the ordinance or close the project <br />ordinance upon completion of the project. <br />Adopted this 15th day of June 2010. <br />