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~' -a,3- ~d..5' <br />Recreation and Parks Facilities -Little River Park Development ~~ <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 continue construction of the .Little <br />River Park. Proceeds from the 2004 Two-thirds net debt bonds, grant <br />funds, and pay-as-you-go funds finance the project. <br />Section 2. The officers of the County are hereby directed to proceed with the project <br />within the budget contained herein. <br />Section 3. <br />Section 4. <br />The following revenue is anticipated to complete this project: <br /> Through FY <br />2004-OS <br />FY 2005-06 Through FY <br />2005-06 <br />Sales Tax $24,983 $0 $24,983 <br />1997 Bonds $0 $0 $0 <br />2001 Bonds $0 $0 $0 <br />2004 Two-Thirds Net Debt $272,000 $0 $272,000 <br />Crrant Funds $327,000 $0 $327,000 <br />Fees $0 $0 $0 <br />Other(Contnbution from <br />Durham County) <br />$341,983 <br />$0 <br />$341,983 <br />Total Fundin $965,966 $0 $965,966 <br />The following amount is appropriated for this project: <br /> Through FY <br />2004-05 <br />FY 2005-06 Through FY <br />2005-06 <br />Land/Building $0 $0 $0 <br />Desi $70,500 $0 $70,500 <br />Construction $873,466 $0 $873,466 <br />Other $22,000 $0 $22,000 <br />Total Costs $965,966 $0 $965,966 <br />Section 7. <br />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 />