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ORD-2005-041 - Approval of Fiscal year 2005-06 Budget Ordinance Capital Project Ordinance and Grant Project Ordinance
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ORD-2005-041 - Approval of Fiscal year 2005-06 Budget Ordinance Capital Project Ordinance and Grant Project Ordinance
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Last modified
4/29/2013 11:58:07 AM
Creation date
11/1/2010 10:52:09 AM
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BOCC
Date
6/23/2005
Meeting Type
Regular Meeting
Document Type
Ordinance
Agenda Item
9b
Document Relationships
Agenda - 06-23-2005-9b
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 06-23-2005
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Orange Enterprises Capital Project <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 assist Orange Enterprises with <br />the purchase of a building on Elizabeth Brady Road in Hillsborough that <br />would allow them to significantly expand their contract capacity and allow <br />them to locate to a facility that would serve them for the long -term. <br />Proceeds from a private placement loan and sales tax finance the project. <br />Section 2. The officers of the County are hereby directed to proceed with the project <br />within 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 />2004 -05 <br />FY 2005 -06 <br />Through FY <br />2005 -06 <br />Sales Tax <br />$0 <br />$100,000 <br />$100,000 <br />Bond Funds <br />$0 <br />$0 <br />$0 <br />2004 Two - Thirds Net Debt <br />$0 <br />$0 <br />$0 <br />Non -Bond Debt Funding <br />$525,000 <br />$0 <br />$525,000 <br />Fees <br />$0 <br />$0 <br />$0 <br />Other <br />$0 <br />$0 <br />$0 <br />Total Funding, <br />$525,000 <br />$100,000 <br />$625,000 <br />Section 4. The following amount is appropriated for this project: <br />Section 5. This ordinance shall be in effect from the original date of adoption, March <br />24, 2003, until June 30, 2006. <br />Adopted this 23rd day of June 2005. <br />Through FY <br />2004 -05 <br />FY 2005 -06 <br />Through FY <br />2005 -06 <br />Land/Building <br />$525,000 <br />$100,000 <br />$625,000 <br />Design <br />$0 <br />$0 <br />$0 <br />Construction <br />$0 <br />$0 <br />$0 <br />Other <br />$0 <br />$0 <br />$0 <br />Total Costsi <br />$525,000 <br />$100,000 <br />$625,000 <br />Section 5. This ordinance shall be in effect from the original date of adoption, March <br />24, 2003, until June 30, 2006. <br />Adopted this 23rd day of June 2005. <br />
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