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ATTACHMENT 3 <br />Carrboro Library p ~ ~, _ ~~v (, ~ v ~' ~ <br />' Capital Project Ordinance ~ _ ~Z 7 - p ~, <br />;~a ,~< <br />~~~ ~Be it ordained by the Orange County Board of County Commissioners that pursuan~o Section <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br />hereby adopted. <br />Section 1.The project authorized provides funds to address property to be acquired at a yet to <br />be determined location and to some extent, the subsequent planning for the new <br />facility. Pay-as-you-go funds would finance the project. <br />Section 2.The officers of the County are hereby directed to proceed with the project within the <br />budget contained herein. <br />Section 3.The following revenue is anticipated to complete this project: <br /> Through FY <br />2004-05 <br />FY 2005-06 Through FY <br />2005-06 <br />Sales Tax and Dedicated <br />Pro erty Tax <br />$0 <br />$50,000 <br />$50,000 <br />Bond Funds $0 $0 $0 <br />2004 Two-Thirds Net Debt $0 $0 $0 <br />Grant Funds $0 $0 $0 <br />Dedicated Pro erty Tax $0 $0 $0 <br />Total Fundin $0 $50,000 $50,000 <br />Section 4.The following amount is appropriated for this project: <br /> Through FY <br />2004-05 FY 2005-06 Through FY <br />2005-06 <br />Land/Building $0 $0 $0 <br />Desi $0 $0 $0 <br />Construction $0 $0 $0 <br />Other $0 $50,000 $50,000 <br />Total Budget $0 $50,000 $50,000 <br />Section 5. The following amounts have been transferred to another County Capital Project: <br /> Through FY Through FY <br /> 2004-OS FY 2005-06 2005-06 <br />Transfer to Efland Sever Extension <br />Developrr~rt Project (2005-06) $0 $50,000 $50,000 <br />Total Costs $0 $50,000 $50,000 <br />