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

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Efland Sewer Extension Development Project 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 includes engineering costs and report for expansion of the Efland Sewer. This project will be financed with proceeds from the County's portion of the one -half cent sales tax. Section 2. The officers of the County are hereby directed to proceed with the project within the budget contained herein. Section 3. The following revenue is anticipated to complete this project: Section 4. The following amount is appropriated for this project: Through FY 2004 -05 FY 2005 -06 Through FY 2005 -06 Sales Tax $100,000 $0 $100,000 1997 Bonds $1,200,000 $0 $1,200,000 2004 Two Thirds Net Debt $0 $0 $0 Fees $0 $0 $0 Grant Funds $867,300 $0 $867,300 Total Funding $2,167,300 $0 $2,167,300 Section 4. The following amount is appropriated for this project: Section 5. This ordinance supersedes previous Efland Sewer Development Project Ordinances for Orange County. Section 6. This ordinance shall be in effect from July 1, 1998 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 Design $0 $0 $0 Construction $2,167,300 $0 $2,167,300 Other $0 $0 $0 Total Costs $2,167,300 $0 $2,167,300 Section 5. This ordinance supersedes previous Efland Sewer Development Project Ordinances for Orange County. Section 6. This ordinance shall be in effect from July 1, 1998 until June 30, 2006. Adopted this 23rd day of June 2005.