Orange County NC Website
Browse       Search
O~~ ~ aao'~.a ~ 9 <br />5.' <br />Utility Extension Development Project <br />Capita! 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 assist with the extension of water <br />andlor sewer lines far economic development projects, particularly in the <br />Economic Development Districts. Proceeds from the County's share of <br />pay-as-you-ga capital funds 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. The following revenue is anticipated to complete this project: <br /> Through FY <br />2005-06 <br />FY 2006-07 Through FY <br />2006-07 <br />Sales Tax $25,000 $50,000 $75,000 <br />Bond Funds $0 $0 $0 <br />Private Placement $0 $0 $0 <br />Fees $0 $0 $0 <br />Transfer from Genera! Fund <br />(property taxes) <br />$205,000 <br />$0 <br />$205,000 <br />Total Funding $230,000 $50,000 $280,000 <br />Section 4. The following amount is appropriated for this project: <br /> Through FY <br />2005-06 <br />FY 2006-07 Through FY <br />2006-07 <br />LandlBuiiding $0 $0 $0 <br />Design $0 $0 $0 <br />Construction $0 $0 $0 <br />Other $230,000 $50,000 $280,000 <br />Total Costs $230,000 $50,000 . $280,000 <br />Section 5. The following amount has been transferred from this project to the <br />General Fund: <br /> Through FY Through FY <br /> 2005.06 FY 2006-07 2006-07 <br />Transfer to General Fund <br />(2002-03) $165,000 $0 $165,000 <br />Total Costs $165,000 $0 $965,000 <br />