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Recreation and Parks Facilities — Soccer Superfund <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 construct soccer fields at both <br /> existing and future park sites located throughout the County. Proceeds <br /> from the 2001 voter approved bonds 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. The following revenue is anticipated to complete this project: <br /> Through FY Through FY <br /> 2004-05 FY 2005-06 2005-06 <br /> Sales Tax $0 $0 $0 <br /> 2001 Bonds $2,000,000 $500,000 $2,500,000 <br /> 2004 Two-Thirds Net Debt $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Other $0 $0 $0 <br /> Total Funding $2,000,000 $500,000 $2,500,000 <br /> Section 4. The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 2004-05 FY 2005-06 2005-06 <br /> Land Acquisition $1,000,000 $0 $1,000,000 <br /> Design $0 $0 $0 <br /> Construction $1,000,000 $500,000 $1,500,000 <br /> Other $0 $0 $0 <br /> Total Costs $2,000,000 $500,000 $2,500,000 <br /> Section 5. The following amounts have been transferred from this project to the <br /> following capital projects: <br /> Through FY Through FY <br /> 2004-05 FY 2005-06 2005-06 <br /> Transfer to West Ten Soccer <br /> Complex $1,350,000 $0 $1,350,000 <br /> Transfer to Twin Creeks Park $650,000 $0 $650,000 <br /> Total Costsl $2,000,0001 $0 $2,000,000 <br />