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Homestead Aquatics Center <br /> Capital Project Ordinance <br /> Be it ordained by the Orange County Board of County Commissioners that pursuant to Section <br /> 13.2 of Chapter 159 of the General Statutes of North Carolina, the following capital project is <br /> hereby adopted. <br /> Section 1.The project authorized provides funds to assist the Town of Chapel Hill with <br /> construction of an indoor aquatic center at Homestead Park on Homestead Road. <br /> Proceeds from the 1997 and 2001 bond funds and Town bond funds will finance <br /> this project. <br /> Section 2.The officers of the County are hereby directed to proceed with the project within the <br /> 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 1005-06 <br /> Sales Tax $0 $0 $0 <br /> 1997 Bond Funds $800,000 $0 $800,000 <br /> 2004 Two-Thirds Net Debt $3,500,000 $0 $3,500,000 <br /> Grunt Funds $0 $0 $0 <br /> Fees $0 $0 $0 <br /> Other $0 $0 $0 <br /> Total Funding, $4,300,000 $0 $4,300,000 <br /> Section 4.The following amount is appropriated for this project: <br /> Through FY Through FY <br /> 2004-05 FY2005-06 2005-06 <br /> L%%ML lding $0 $0 $0 <br /> Design $0 $0 $0 <br /> Construction $0 $0 $0 <br /> Contribution to Chapel HII $4,300,000 $0 $4,300,000 <br /> Total Costs $4,3W,000 $0 $4,300,000 <br />