ORD-2005-026 - Budget Amendment #13

Browse Search

ATTACHMENT 4 (1) Recreation and Parks Facilities — West Ten Soccer Complex Capital Project Ordinance 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 development of a six -field soccer complex adjacent to the Orange County Middle School #3 site through a collaborative effort between Orange County and Orange County Schools. Proceeds from the 2001 voter approved Soccer Superfund 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 2003 -04 FY 2004 -05 Through FY 2004 -05 Sales Tax $0 $0 $0 2001 Bonds $0 $0 $0 2004 Two - Thirds Net Debt $0 $0 $0 Fees $0 $0 $0 Transfer from Soccer Superfund2001 Bonds $508,500 $841,500 $1,350,000 Total Funding $508,5001 $841,500 $1,350,000 The following amount is appropriated for this project: This ordinance shall be in effect until June 30, 2005. Adopted this 7th day of June 2005. Through FY 2003 04 FY 2004 -05 Through FY 2004 -05, Land Acquisition $508,500 $0 $508,500 Planning/Arch/Engineering $0 $ f 19,000 $119,000 Construction $0 $722,500 $722,500 Other $0 0 $0 Total Costs $508,500 $841,500 $1,350,000 This ordinance shall be in effect until June 30, 2005. Adopted this 7th day of June 2005.