ORD-2005-128 - Approval of School and County Capital Project Ordinances

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MI Recreation and Parks Facilities — Soccer Superfund 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 construct soccer fields at both existing and future park sites located throughout the County. 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 $2,000,000 $500,000 $2,500,000 2004 Two - Thirds Net Debt $0 $0 $0 Fees $0 $0 $0 Other $0 $0 $0 Total Funding $2,000,000 $500,000 $2,500,000 Section 4. The following amount is appropriated for this project: Section 5. The following amounts have been transferred from this project to the following capital projects: Through FY 2004 -05 FY 2005 -06 Through FY 2005 -06 Land Acquisition $1,000,000 $0 $1,000,000 Design $0 $0 $0 Construction $1,000,000 $500,000 $1,500,000 Other $0 $0 $0 Total Costsi $2,000,000 $500,000 $2,500,000 Section 5. The following amounts have been transferred from this project to the following capital projects: Through FY 2004 -05 FY 2005 -06 Through FY 2005 -06 Transfer to West Ten Soccer Complex $1,350,000 $0 $1,350,000 Transfer to Twin Creeks Park $650,000 $0 $650,000 Total Costsl $2,000,0001 $0 $2,000,000