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Item 4 -v — June 15, 2010 Regular Meeting
<br />REVISED 6/14/10 (DRD -c) 0
<br />U59-
<br />Attachment 4
<br />Lands Legacy
<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 protect identified natural areas
<br />and prime forestlands, and preserve critical cultural and archaeological
<br />sites. In addition funds may be used to acquire lands for future park sites,
<br />farmland conservation easements, and nature preserves. The BOCC
<br />approves transferring $450,000 of this project to the Unallocated Project
<br />Account to be closed as of June 30, 2010.
<br />Section 2.
<br />Section 3.
<br />Section 4.
<br />The officers of the County are hereby directed to proceed with the project
<br />within the budget contained herein.
<br />The following revenue is anticipated to complete this project:
<br />fhe following amount is appropriated for this project:
<br />Through FY 2009
<br />10
<br />Amended June
<br />15, 2010 Item 4. V
<br />Through FY
<br />2009 -10
<br />Sales Tax
<br />$3,966,016
<br />($450,000)
<br />$3,516,016
<br />1997 Bonds
<br />$2,700,000
<br />$0
<br />$2,700,000
<br />2001 Bonds
<br />$5,250,000
<br />$0
<br />$5,250,000
<br />2004 Two - Thirds Net Debt
<br />$300,000
<br />$0
<br />$300,000
<br />Grant Funds
<br />$421,950
<br />$0
<br />$421,950
<br />Debt Financing
<br />$2,800,000
<br />$0
<br />$2,800,000
<br />Other(Transfer from Other
<br />Funds)
<br />$2,241,611
<br />$0
<br />$2,241,611
<br />Total Funding
<br />$17,679,577
<br />($450,000)
<br />$17,229,577
<br />fhe following amount is appropriated for this project:
<br />Section 5. The following amounts have been transferred to other County Capital
<br />Projects:
<br />0
<br />Through FY 2009-
<br />10
<br />Amended
<br />June15, 2010 Item
<br />4.V.
<br />Through FY
<br />2009 -10
<br />Land/Building
<br />$15,971,564
<br />($450,000)
<br />$15,521,564
<br />Design
<br />$0
<br />$0
<br />$0
<br />Construction
<br />$0
<br />$0
<br />$0
<br />Eno River Confluence Property
<br />$250,000
<br />$0
<br />$250,000
<br />Kirby Property
<br />$1,458,013
<br />$0
<br />$1,458,013
<br />Total Costs
<br />$17,679,577
<br />($450,000)
<br />$17,229,577
<br />Section 5. The following amounts have been transferred to other County Capital
<br />Projects:
<br />0
<br />
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