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ATTACHMENT 5
<br />Recreation and Parks Facilities — Lands Legacy
<br />Capital 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 protect identified natural areas
<br />and prime forestlands, and preserve critical cultural and archaeological
<br />sites. In addition funds may be used to acquire lands for future park sites,
<br />farmland conservation easements, and nature preserves. Proceeds
<br />from the 2001 voter approved bonds, half -cent sales tax, Subdivision
<br />Payment -in -Lieu funds, Grant Funds, and alternative financing finance the
<br />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 />Section 4. The following amount is appropriated for this project:
<br />Through FY
<br />2003 -04
<br />FY 2004 -05
<br />Through FY
<br />2004-05
<br />Sales Tax
<br />$3,966,016
<br />($27,000 )
<br />$3,939,016
<br />1997 Bonds
<br />$2,700,000
<br />$0
<br />$2,700,000
<br />2001 Bonds
<br />$1,750,000
<br />$1,250,000
<br />$3,000,000
<br />2004 Two - Thirds Net Debt
<br />$0
<br />$300,000
<br />$300,000
<br />Grant Funds
<br />$421,950
<br />$0
<br />$421,950
<br />Fees
<br />$0
<br />$0
<br />$0
<br />Other(Transfer from Other
<br />Funds)
<br />$2,191,611
<br />$0
<br />$2,191,611
<br />Total Fundin
<br />$11,029,577
<br />$1,523,000
<br />$12,552,577
<br />Section 4. The following amount is appropriated for this project:
<br />Section 7. This ordinance shall be in effect from the original date of adoption, March
<br />24, 2003 until June 30, 2005.
<br />Adopted this 24th day of January 2005.
<br />Through FY
<br />Through FY
<br />2003 -04
<br />FY 2004 -05
<br />2004 -05
<br />Land/Building
<br />$11,029,577
<br />$1,550,000
<br />$12,579,577
<br />Design
<br />$0
<br />$0
<br />$0
<br />Construction
<br />$0
<br />$0
<br />$0
<br />Transfer to
<br />Conservation
<br />Easements Capital
<br />Project
<br />$0
<br />($27,000)
<br />$27,000
<br />Total Costs
<br />$11,029,577 1
<br />$1,523,000
<br />$12,552,577
<br />Section 7. This ordinance shall be in effect from the original date of adoption, March
<br />24, 2003 until June 30, 2005.
<br />Adopted this 24th day of January 2005.
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