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Agenda - 03-04-1998 - 8c
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Agenda - 03-04-1998 - 8c
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7/20/2010 4:36:20 PM
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BOCC
Date
3/4/1998
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8c
Document Relationships
Minutes - 19980304
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Path:
\Board of County Commissioners\Minutes - Approved\1990's\1998
NN Ord-1998-004 Finance - Budget Amendment Skills Development Improvements 6 - 03-04-1998 - 8c
(Linked From)
Path:
\Board of County Commissioners\Ordinances\Ordinance 1990-1999\1998
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Skills Development Center Project <br />Capital Project Ordinance <br />Project Number 61-419 <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 capital <br />project is hereby adopted. <br />Section 1. The project authorized will provide funds to purchase a facility, perform necessary <br />building renovations and establish a Skills Development Center located at 5011503 <br />West Franklin Street in Chapel Hill. Proceeds from the County's portion of the <br />one-half cent sales taxes, appropriations from the County Capital Fund Balance, <br />and private placement funding finance this project. <br />Section 2. The officers of the County are hereby directed to proceed with the project within <br />the budget contained herein. <br />Section 3. The following revenue is anticipated to complete this project: <br />2 <br />Transfer from General Fund (1994-95) $25, 000 <br />Transfer from General Fund (1996-97) $99,240 <br />Total Transfers $124,240 <br />Appropriated Fund Balance (1996-97) $45,000 <br />Appropriated Fund Balance (1997-98) $26,340 <br />TotatAppropriated Fund Balance $71,340 <br />Proceeds from Private Placement Funding (1996-97) $1,200, DOD <br />Procees from Private Placement Funding (1997-98) $780, 000 <br />Total Transfers $1,980,000 <br />Total Revenue <br />$2,175,580 <br />Section 4. A portion of the available funds for this project have been transferred to the <br />General Fund for repayment of debt service associated with the private placement <br />funding and for upkeep and maintenance for 501 West Franklin Street. <br />Transfer to General Fund (1996-97) $119,240 <br />Section 5. The following amount remains appropriated for this project: <br />Skills Deve[opmerd CerrterProject $2,056,340 <br />Section 6. This ordinance supersedes all previous Skills Development Capital Project <br />Ordinances. <br />Section 7. This ordinance, originally adopted June 28, 1994, shall be in effect from July 1, <br />1994 until June 30, 1998. <br />Adopted this 4`h day of March 1998. <br />
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