ORD-2006-102 - Budget Amendment #7

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Attachment 4 EMS Relocation /Meadowlands Annex Capital Project Ordinance n 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 capital project is hereby adopted. Section 1. The project authorized provides funds for the purchase of the Meadowlands Drive facility and for upfitting the facility to accommodate the relocation of the Emergency Management Department. Proceeds from alternative financing and two- thirds net debt bonds finance the project. Section 2. Section 3. Section 4. Section 5. The officers of the County are hereby directed to proceed with the project within the budget contained herein. The following revenue is anticipated to complete this project: The following amount is appropriated for this project: Through FY 2005 -06 FY 2006 -07 Through FY 2006 -07 gales Tax $0 $0 $0 2001 Bonds $0 $0 $0 Private Placement $1,685,000 $0 $1,685,000 2/3 Net Debt Bonds $0 $200,000 $200,000 Transfer from Parks Operation Base Capital Project $0 $222,765 $222,765 Transfer from General Fund (Court Operations Reserve) $0 $200,000 $200,000 Total Funding, $1,685,000 $622,765 $2,307,765 The following amount is appropriated for this project: This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2007. Adopted this 12th day of December 2006. Through FY 2005 -06 FY 2006 -07 Through FY 2006 -07 Land/Building $1,685,000 $72,765 $1,757,765 Plannin Architect/Eng $0 $50,000 $50,000 Construction $0 $500,000 $500,000 Other $0 $0 $0 Total Costs $1,685,000 $622,765 $2,307,765 This ordinance shall be in effect from the original date of adoption, March 24, 2003, until June 30, 2007. Adopted this 12th day of December 2006.