ORD-2005-041 - Approval of Fiscal year 2005-06 Budget Ordinance Capital Project Ordinance and Grant Project Ordinance

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Bolin Creek Greenway Joint Town /County Open Space /Greenway Development 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 to extend the Bolin Creek Trail upstream of Airport Road. The extension of the existing Bolin Creek Trail would be a step towards linking the existing trail with Carrboro, the proposed woodland trail system of southern Orange County, Duke Forest, the proposed Carolina North property, and the northwest areas of Chapel Hill. Proceeds from the 2001 voter approved bond referendum via a transfer from the Greenway Development Reserve Capital Project finance the project. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The followinq revenue is anticipated to complete this proiect: Section 4. The following amount is appropriated for this project: Through FY 2004 -05 FY 2005 -06 Through FY 200 06 Sales Tax $0 $0 $0 2001 Bonds $0 $0 $0 2004 Two - thirds Net Debt $0 $0 $0 Fees $0 $0 $0 Transfer from Greenway Development Reserve $75,000 $0 $75,000 Total Funding $75,000 $0 $75,000 Section 4. The following amount is appropriated for this project: Section 7. This ordinance shall be in effect from the original date of adoption, March 24, 2003 until June 30, 2006. Adopted this 23rd day of June 2005. Through FY 2004 -05 FY 2005 -06 Through FY 2005 06 Land/Building $0 $0 $0 Planning/Architect/En gineering $0 $0 $0 Contribution to Town of Chapel Hill $75,000 $0 $75,000 Other $0 $0 $0 Total Costs $75,000 $0 $75,000 Section 7. This ordinance shall be in effect from the original date of adoption, March 24, 2003 until June 30, 2006. Adopted this 23rd day of June 2005.