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Bolin Creek Greenway <br /> Joint Town/County Open Space/Greenway 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 extend the Bolin Creek Trail <br /> upstream of Airport Road. The extension of the existing Bolin Creek Trail <br /> would be a step towards linking the existing trail with Carrboro, the <br /> proposed woodland trail system of southern Orange County, Duke Forest, <br /> the proposed Carolina North property, and the northwest areas of Chapel <br /> Hill. Proceeds from the 2001 voter approved bond referendum via a <br /> transfer from the Greenway Development Reserve Capital Project finance <br /> 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 com lete this proje ct: <br /> Through FY Through FY <br /> 2004-05 FY 2005-06 2005-06 <br /> Sales Tax $0 $0 $0 <br /> 2001 Bonds $0 $425,000 $425,000 <br /> 2004 Two-thirds Net Debt $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Transfer from Greenway <br /> Development Reserve $75,000 $0 $75,000 <br /> Total Funding $75,000 $425,000 $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/Building $0 $0 $0 <br /> Planning/Architect/ <br /> Engineering $0 $0 $0 <br /> Contribution to Town of <br /> Chapel Hill $75,000 $425,000 $500,000 <br /> Other $0 $0 $0 <br /> Total Costs $75,000 $425,000 $500,000 <br /> Section 5. This ordinance shall be in effect from the original date of adoption, March <br /> 24, 2003 until June 30, 2006. <br /> Adopted this 15th day of November 2005. <br />