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

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Recreation and Parks Facilities — Fairview Park 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 develop a concept plan and construct a park facility on a 40 -acre site located in the Fairview community in northern Hillsborough. Proceeds from the 2001 voter approved bonds 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 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 $0 $0 $0 2001 Bonds $850,000 $0 $850,000 2004 Two - Thirds Net Debt $0 $0 $0 Fees $0 $0 $0 Other $0 $0 $0 Total Funding $850,000 $0 $850,000 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 Design $52,000 $0 $52,000 Construction $678,000 $0 $678,000 Other $120,000 $0 $120,000 Total Costs $850,000 $0 $850,000 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.