ORD-2010-055 Recreation and Parks Facilities - Twin Creeks Park Capital Project Ordinance

Browse Search

Item 41-v -June 15, 2010 Regular Meeting 1 1 REVISED 6/14/10 Attachment 5 _ _ C-J ~ ~ - a 0 ~ ~ -- ~ ~ 5 Recreation and Parks Facilities -Twin Creeks Park 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 capita( project is hereby adopted. Section 'f. The project authorized provides funds to construct a district park located on County-owned property near the intersection of Old Highway 86 and Eubanks Road in Chapel Hill. Plans include renovations to the house and barn located on the property, installation of water and sewer infrastructure and construction of playing fields, nature trails and a picnic area surrounding an existing pond. The BOCC approves transferring $300,000 of this project to the Unallocated Project Account to be closed as of June 30, 2010 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: Through FY 2008-09 Amonded June 15, 2010 Item 4. V Through FY 2009-10 Sales Tax $0 $0 $0 2001 Bonds $850,000 ($300,000) $550,000 Alternative Finance $1,000,000 $0 $1,000,000 Fees $0 $0 $0 Transfer from Soccer Superfund 2001 Bonds $0 $0 $0 Total Funding $1,850,000 ($300,000) $1,550,000 Section 4. The following amount is appropriated for this project: Through FY 2008-09 Amended June 15, 2010 Item 4. V. Through FY 2009-10 Land/Building $50,814 $0 $50,814 Site Development $45,000 $0 $45,000 Construction $1,754,186 ($300,000) $1,454,186 Other $0 $0 $0 Total Costs $1,850,000 ($300,000) $1,550,000