|
.~
<br />Lands Legacy 5 ~
<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 adapted.
<br />Section 1. The project. authorized provides funds to protect identified natural areas
<br />and .prime farestlands, and preserve critical cultural and archaeological
<br />sites. In addition funds may be used to acquire lands for future park sites,
<br />farmland conservation easements, and nature preserves. Proceeds from
<br />the 2001 voter approved bonds, 2004 Two-thirds net debt reduction
<br />bonds, half-cent sales tax, Subdivision Payment-in-Lieu funds, Grant
<br />Funds, and alternative financing finance the project.
<br />Section 2. The officers of the County are hereby direc#ed to proceed with the project
<br />within the budget contained herein.
<br />Section 3. The following revenue is anticipated to complete this project:
<br /> Tl-rough FY
<br />2004-OS
<br />FY 2005-06 Through FY
<br />2005-06
<br />Sales Tax $3,939,016 $0 $3,939,016
<br />1997 Bonds $2,700,000 $0 $2,700,000
<br />2001 Bonds $3,000,000 $1,750,000 $4,750,000
<br />2004 Two-Thirds Net Debt $0 $300,000 $300,000
<br />Grant Funds $421,950 $0 $421,950
<br />Fees $0 $0 $0
<br />Other(Transfer from Other
<br />Funds)
<br />$2,191,G11
<br />$0
<br />$2,19I,G11
<br />Total Fundin $12,252,577 $2,050,000 $14,302,577
<br />Section 4. The following amount is appropriated for this project:
<br /> Through FY
<br />2004-05
<br />FY 2005-06 Through FY
<br />' 2005-OG
<br />Land/Buildin $12,279,577 $2,050,000 $14,329,577
<br />Design $0 $0 $0
<br />Canstructian $0 $0 $0
<br />Transfer to Conservation
<br />Easements Capital Project
<br />($27,000)
<br />$0
<br />($27,000)
<br />Total Costs 512,252,577 $2,050,000 $14,302,577
<br />~.J`/
<br />Section 5. This ordinance shall be in effect from the original date of adoption, March
<br />24, 2003 until June 30, 2006.
<br />Adapted this 15th day of November 2005.
<br />
|