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ORD-2007-210 - West Ten Soccer Complex Capital Project Ordinance
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ORD-2007-210 - West Ten Soccer Complex Capital Project Ordinance
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Last modified
7/24/2012 10:23:05 AM
Creation date
6/14/2010 3:51:57 PM
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Template:
BOCC
Date
10/23/2007
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
4i
Document Relationships
Agenda - 10-23-2007-4i
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2007\Agenda - 10-23-2007
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West Ten Soccer Complex <br />Capital Project Ordinance <br />ATTACHMENT u <br />U AID - � 7- a /40 <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 for the development of a six -field <br />soccer complex adjacent to the Orange County Middle School #3 site <br />through a collaborative effort between Orange County and Orange County <br />Schools. Proceeds from the 2001 voter approved Soccer Superfund <br />bonds, 2004 Two - thirds net debt reduction bonds, grant funds and <br />alternative financing will finance this 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. <br />Section 4. <br />The following revenue is anticipated to complete this project: <br />The following amount is appropriated for this project: <br />Through FY <br />2006 -07 <br />FY 2007 -08 <br />Through FY <br />2007 -08 <br />Sales Tax <br />$0 <br />$0 <br />$0 <br />2001 Bonds <br />$0 <br />$0 <br />$0 <br />2004 Two - Thirds Net Debt <br />$350,000 <br />$0 <br />$350,000 <br />Grant Funds <br />$0 <br />$33,128 <br />$33,128 <br />Alternative Financin <br />$2,267,000 <br />$0 <br />$2,267,000 <br />Transfer from Soccer Superfund <br />2001 Bonds <br />$1,350,000 <br />$0 <br />$1,350,000 <br />Total Fundin <br />$3,967,000 <br />$33,128 <br />$4,000,128 <br />The following amount is appropriated for this project: <br />Section S. This ordinance shall be in effect until June 30, 2009. <br />Adopted this 23rd day of October 2007. <br />Through FY <br />2006 -07 <br />FY 2007 -08 <br />Through FY <br />2007 -08 <br />Land Acquisition <br />$508,500 <br />$0 <br />$508,500 <br />Planning/Arch/Engineering Planning/Arch/Engineering <br />$119,000 <br />$0 <br />$119,000 <br />Construction <br />$3,339,500 <br />$33,128 <br />$3,372,628 <br />Other <br />$0 <br />.$0 <br />$0 <br />Total Costsl <br />$3,967,000 <br />$33,128 <br />$4,000,128 <br />Section S. This ordinance shall be in effect until June 30, 2009. <br />Adopted this 23rd day of October 2007. <br />
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