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 — Little River Park 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 continue construction of the Little River Park. Proceeds from the 2004 Two - thirds net debt bonds, grant funds, and pay -as- you -go funds 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 $24,983 $0 $24,983 1997 Bonds $0 $0 $0 2001 Bonds $0 $0 $0 2004 Two- Thirds Net Debt $272,000 $0 $272,000 Grant Funds $327,000 $0 $327,000 Fees $0 $0 $0 Other(Contribution from Durham County) $341,983 $0 $341,983 Total Funding $965,966 $0 1 $965,966 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 $70,500 $0 $70,500 Construction $873,466 $0 $873,466 Other $22,000 $0 $22,000 Total Costs $965,966 $0 $965,966 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.